hi every body. I cant translate the sentence "Saudi Arabia's Prince
Waleed bin Talal, the man in question,
largely owes his place on the world's rich-lists to that decision " into my language because i dont understand clearly " largely owe" .
pls help me ! here is the whole of sentences related to this sentence ( sorry for my bad english grammar) :
CITIGROUP may have lost its bearings and its chief executive, but it has not yet lost its memory. In 1991 a Gulf investor came to the rescue of Citicorp (as it then was), which was strapped for cash as a result of an American property downturn, among other things.
Saudi Arabia's Prince
Waleed bin Talal, the man in question, largely owes his place on the world's rich-lists to that decision. On November 26th the Abu Dhabi Investment Authority (ADIA), a secretive sovereign-wealth fund, displaced Prince Waleed as the bank's biggest shareholder, paying $7.5 billion for a 4.9% stake.