Saudi Prince Accuses Forbes Magazine of Understating His Wealth
- Abraham Enoch
- Mar 6, 2013
- 2 min read
My note: Blaming and accusing others – t
nd, perhaps, to bribe the British multinational oil and gas exploration company, Tullow Oil Plc, which is drilling wells in Southern Ethiopia. Just announced they had not yet discovered any oil or gas in Ethiopia. In the past, they were doing it clandestinely, now almost everything is unfolding before our very eyes “” C.S. LewisSaudi prince blasts Forbes after they said he ranks 26
th
and is 'only worth £13billion' in
Most billionaires are known for fiercely guarding their privacy and wouldn’t dream of telling the world where their money is tied up – or how much they are worth.
But one Saudi royal seems to be anything but reticent when it comes to his enormous wealth.
Prince Alwaleed Bin Talal is threatening to boycott an annual list of the world’s super-rich, after Forbes magazine claimed he was worth ‘only’ £13billion.
He is unhappy with a ‘flawed’ estimation of his wealth, which left him languishing in 26th place with a mere £13billion.
Prince Alwaleed, the Saudi King Abdullah’s nephew, insists his investments in London’s Savoy Hotel, Apple, Citigroup and News Corp have been undervalued.
According to the prince’s calculations he should have been ranked at number ten with a £19.5billion fortune, right behind L’Oreal heiress Liliane Bettencourt.
The indignant 57-year-old – who is currently in talks to buy Swindon Town football club – owns two super yachts, the world’s largest private jet and more than 200 cars. These include his collection of Rolls-Royces, Ferraris and Lamborghinis.
The Saudi, who is married to Princess Amira Al-Taweel, has blasted the list, saying it is biased against businessmen from the Middle East.
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