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Posts Tagged ‘Saudi Prince’

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


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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Talal Bin Abdel-Aziz Al Saud, Rebellious Saudi Prince, Resigns From Succession Commission

Posted by Ram Kumar Shrestha on November 16, 2011

Is he going to be another Buddha?

RIYADH, Saudi Arabia — A Saudi prince known as rebellious member of the royal family resigned on Wednesday from a commission in charge of selecting the oil-rich kingdom’s future kings.

Talal bin Abdel-Aziz Al Saud, the king’s half brother, on his official website that he submitted his resignation to King Abdullah. He didn’t give reasons.

The resignation indicated a power struggle within the ruling Saudi family. Talal criticized what he called a monopoly on Saudi power by an unnamed faction within the royal family in remarks published in 2007.

The 35-member Allegiance Commission of the sons and grandsons of Saudi Arabia’s founder was formed in 2006 to ensure smooth transfer of power. Abdullah is 87.

Last month Crown Prince Sultan died and was replaced by conservative Prince Nayef, who is 78. Nayef would assume the throne upon the death of the king, who is recovering from his third back operation in less than a year.

Read the Article at HuffingtonPost

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