I'm worth at least £20BILLION! Saudi prince blasts Forbes after they said he's 'only worth £13billion' in rich list

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.

A statement from the prince’s Kingdom Holding Company said the Forbes valuation process used ‘incorrect data’ and ‘seemed designed to disadvantage Middle Eastern investors’.

Source: dailymail