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Prince Alwaleed bin Talal insulted at only being No 26 on Forbes rich list

Posted by Ram Kumar Shrestha on March 6, 2013

Saudi Arabia businessman, one of the most influential in the Middle East, says he has been undervalued by $9.6bn

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Prince Al-Waleed Bin Talal

Prince Alwaleed with his wife, Princess Amira al-Taweel. He wants a top-10 slot in Forbes’s rich list. Photograph: AFP/Getty Photograph: AFP/Getty Images

For most people, even featuring in the Forbes list of the world’s billionaires would be cause for celebration, but for Prince Alwaleed bin Talal of Saudi Arabia, appearing at number 26 with $20bn (£15bn) was an insult.

The prince, one of the most influential businessmen in the Middle East, insists the list undervalues him by $9.6bn. He has vowed to sever all ties with the group’s reporters and accused them of damaging US-Saudi relations.

In response, the editor of the influential list has written a stinging rebuke saying the prince considers a top-10 ranking one of his priorities, systematically exaggerates his wealth and spends more time and effort than any other businessman on attempts to boost his ranking – even more time and effort than Donald Trump. Read the rest of this entry »

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