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Saudi billionaire Prince Alwaleed bin Talal has severed ties with the Forbes rich list after he accused the publication of understating his wealth.
Alwaleed is even quoted in the Guardian and FT as claiming that Forbes’ valuations seem “designed to disadvantage Middle Eastern institutions and investors”.
The publication unveiled its rich list yesterday, ranking Alwaleed as the 26th wealthiest person in the world, with a net worth of $20 billion (£13.1bn).
But Alwaleed claims he is actually worth $29.6 billion (£19.5bn), which would place him inside the top 10.
The problem is that valuations can be determined in different ways, so there isn’t really a definitive answer – as illustrated by the fact that Bloomberg ranks Alwaleed as the world's 16th wealthiest person in its own rich list.
As a result of the dispute, Alwaleed has refused to provide Forbes with information about his wealth for future editions of the rich list.
In response, the publication has announced it will publish a more detailed analysis of the Prince’s finances later today.
Clearly, some people care deeply about where they rank among the world’s richest. Scroll on to see who Forbes believes really belongs in the top 10
Alwaleed is even quoted in the Guardian and FT as claiming that Forbes’ valuations seem “designed to disadvantage Middle Eastern institutions and investors”.
The publication unveiled its rich list yesterday, ranking Alwaleed as the 26th wealthiest person in the world, with a net worth of $20 billion (£13.1bn).
But Alwaleed claims he is actually worth $29.6 billion (£19.5bn), which would place him inside the top 10.
The problem is that valuations can be determined in different ways, so there isn’t really a definitive answer – as illustrated by the fact that Bloomberg ranks Alwaleed as the world's 16th wealthiest person in its own rich list.
As a result of the dispute, Alwaleed has refused to provide Forbes with information about his wealth for future editions of the rich list.
In response, the publication has announced it will publish a more detailed analysis of the Prince’s finances later today.
Clearly, some people care deeply about where they rank among the world’s richest. Scroll on to see who Forbes believes really belongs in the top 10
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