Home»Money»News» Al Waleed Bin Talal Sues Forbes Over Estimate Of Wealth

Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!

  • Dailybhaskar.com
  • Jun 07, 2013, 15:39 PM IST
Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!
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New Delhi: Saudi Arabian business tycoon, investor and member of the Saudi royal family Al Waleed Bin Talal has sued Forbes magazine, bringing libel action against it on differences over their estimate of his wealth.

The Prince believes his wealth to be around $30 billion, a figure much higher than the $20 billion estimated by Forbes. 

Bin Talal was ranked No 1 on the list of the 100 richest Arabs in the world. At number 2 is Lebanon-born Brazil-based banker Josef Safra whose wealth had been calculated at $15.9 billion dollars.
 
Tatal, however, finds himself at a much lower 26th rank in the global list of richest billionaires prepared by the magazine for this year. The list is topped by Microsoft co-founder and philanthropist Bill Gates followed by Carlos Slim at the second position.

Visit the slideshow to know all you ever wanted to about this phenomenally rich and flamboyant, although slightly miffed, Prince from the Middle East.

 

Find out more by clicking on the following slides

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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!
    Al Waleed Bin Talal is a Saudi Arabian business tycoon and investor. He is a member of the Saudi royal family.
     
    Founder, CEO, and owner of Kingdom Holding Company, his personal wealth was estimated to be US $18 billion as of March 2012. Arabian Business ranked him as the most influential Arab in the world. 
     
    The Bloomberg Billionaires Index listed Talal as the 10th-richest man in the world, with an estimated net worth of US $28.7 billion.
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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!
    Talal has made major investments in companies such as Apple, Twitter, News Corp and real estate and luxury hotel properties across the world.
     
    The prince has two children-- Reem and Khalid-- from his first wife Dalal bint Saud, who he divorced. He is now married to 29-year-old Ameera al-Taweel.
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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!
    Prince Al-Waleed Bin Talal owns the Kingdom Resort and Promotion Palace in the city of Hay al Huda. The former has three lakes integrated with splendid gardens, and that is where the prince entertains his guests.
     
    The Promotion Palace is called so because it is frequently shown in videos for the promotion of public relations. The palace has three swimming pools and a mosque on the left and another palace next to it. 
     
    According to Time Magazine, the $300 million sand-colored palace has 317 rooms, adorned with 1,500 tons of Italian marble, silk oriental carpets, gold-plated faucets and 250 TV sets. 
     
    "It has four kitchens, for Arabic, Continental and Asian cuisines, and a fifth just for dishing up desserts, run by chefs who can feed 2,000 people on an hour's notice. There is also a lagoon-shaped pool and a 45-seat basement cinema."
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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!
    Talal has made major investments in companies such as Apple, Twitter, News Corp and real estate and luxury hotel properties across the world.
     
    The prince has two children-- Reem and Khalid-- from his first wife Dalal bint Saud, who he divorced. He is now married to 29-year-old Ameera al-Taweel.
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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!
    Al-Waleed Bin Talal owns over 300 cars, including a diamonds and Swarovski crystal-studded Mercedes Benz SL 600. His fleet of cars also includes a Rolls-Royce Phantom and several Ferraris.
     
    Talal is also the owner of an exclusive handmade diamond Ducati motorcycle, which an estimated price of about $4.8 million. 
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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!

    The Saudi prince remains actively involved in charitable activities thorugh the Alwaleed Bin Talal Foundations.

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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!
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    Al Waleed Bin Talal sues Forbes for UNDERESTIMATING his wealth!

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