That’s Rich: Saudi Prince and Forbes in Spat Over Billionaire List
9th March 2013
Prince Alwaleed bin Talal of Saudi Arabia has publicly severed ties with Forbes magazine and its annual billionaires’ list after the magazine estimated his worth at $20 billion. The prince insists he’s worth a lot more, according to the Independent.
The nephew of the current Saudi monarch, King Abdullah, is currently ranked No. 26 on Forbes’ 27th annual billionaires’ list. But the Prince, whose Kingdom Holding Co. has investments in everything from Rupert Murdoch’s News Corp. to Citigroup, put his own wealth at $29.6 billion – nearly $10 billion higher than Forbes’ estimate, the Independent reported.
Guess he hasn’t heard about how income inequality is such a problem. Or maybe he realizes that worrying about it is a First World fetish that he need not respect.