Billionaire Saudi prince with Twitter and Apple investments detained

The billionaire Saudi prince Alwaleed bin Talal known for his investments in top tech firms such as Twitter and Apple, has been detained as part of an anti-corruption crackdown by the country's crown prince Mohammed bin Salman.

Shares in his Saudi-listed business Kingdom Holdings plunged more than nine per cent.

Read more: Donald Trump just asked Saudi Aramco to list in New York… via Twitter

He was among a dozen princes to be detained along with four ministers and ten former ministers, Reuters reports.

Prince Mohammed was granted new powers by his father, King Salman, as chair of a new anti-corruption committee.

Prince Alwaleed is one of the richest men in the world with a fortune estimated at $19bn according to Bloomberg's billionaire's index.

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