President Donald Trump is correct in saying $5.3 trillion in U.S. stock market value has been created under his watch, Saudi billionaire investor Prince Alwaleed bin Talal told CNBC on Monday.
Alwaleed said the investments in his holding company, Kingdom Holding, have gone up "several billion dollars" since Trump was elected in November. Kingdom Holding invests in many U.S. corporations, including Citigroup, Twitter, and ride-hailing service Lyft.
"Clearly, this [stock wealth] was created because of health care will be finalized and the tax reforms more importantly will be finalized also. There are a lot of good policies by Trump," the prince said in an exclusive interview on "Squawk Box" from the company's headquarters in Riyadh.