You would think it would be in the best interests of billionaires to keep quiet about their immense riches, but not a bit of it. 'One of the world's richest men, Prince Alwaleed bin Talal, has severed ties with the Forbes rich list, claiming it understated his wealth.The Saudi investor, ranked 26th in the billionaires' list released on Monday, accused Forbes of a "flawed" valuation method that undervalued his assets and "seemed designed to disadvantage Middle Eastern investors and institutions".' (Guardian, 5 March) It seems that Forbes have upset this billionaire. They estimated that Alwaleed – a nephew of the Saudi king with investments in everything from News Corp to the Savoy hotel – is worth $20bn (£13bn), putting him behind Google founders Larry Page and Sergey Brin. Alwaleed estimates his own wealth at $29.6bn. C'mon why get so upset? What's a mere $9.6bn to the likes of him? RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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