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Outrageous! Forbes claims Saudi prince is only worth US$20 billion.

That one should have such problems!   A Saudi prince has severed his ties with Forbes because.........they put him down as being worth only US$20 billion.     It's US$30 billion!

"The Prince is not pleased. Alwaleed bin Talal, a grandson of Saudi Arabia’s founder, King Abdulaziz bin Saud, and nephew of the current monarch, King Abdullah, has publicly severed ties with Forbes magazine after a spat over how the American magazine estimated his wealth.

At $20bn, the Forbes annual billionaires’ list, ranks Prince Alwaleed at a respectable No 26. But the Prince, whose Kingdom Holding Company has stakes in everything from Rupert Murdoch’s News Corp to Citigroup, says he is worth a lot more. Prince Alwaleed puts his own wealth at nearly $10bn higher than Forbes’s estimate, a figure which, if accurate, would catapult him over the heads of the Google founders Sergey Brin and Larry Page, the New York Mayor Michael Bloomberg and the LVMH boss Bernard Arnault into the top 10 wealthiest people on the planet.

“Prince Alwaleed has taken this step as he felt he could no longer participate in a process which resulted in the use of incorrect data and seemed designed to disadvantage Middle Eastern investors and institutions,” the Saudi royal’s office said in a statement.

Unimpressed with his Forbes ranking, the Prince will instead work with a rival rich list compiled by Bloomberg, which last ranked him at the world’s 16th-richest person. The Bloomberg list estimates his wealth at $28bn."


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