Forbes compiles a list each year revealing the 100 richest people on the planet. This year, the magazine ranked the Saudi Prince as the 26th richest man on earth with an estimated net worth of $US20 billion. Forbes published its list on Monday.
But Prince Al-Waleed wasn’t happy with his ranking nor with the amount Forbes claims he worth. His office stipulates that the magazine uses a calculation method that puts people from the Middle-East at a disadvantage.
The Prince says this isn’t the first time Forbes estimates his net worth to be lower than what it really is and he has had enough of it.
The Saudi Prince says he told the company he will no longer cooperate with the magazine to compile future list revealing the richest people on earth.
Al-Waleed did not say what ranking he should occupy on the list but according to insiders he is worth $US29.6 billion which would place him on the tenth spot.
Forbes Magazine responded to Prince Al-Waleed’s claim and said that ‘after close inspection, there is no reason to alter the list’.
Mexico mobile media tycoon Carlos Slim still leads the Forbes list as richest man in the world with an estimated net worth of $US73 billion.
US philanthropist and co-founder of Microsoft, Bill Gates, comes in second with an estimate net worth of $US67 billion.
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