I'm richer than that! Prince Alwaleed challenges Forbes

Annual rich list is based on 'flawed' methods, claims Prince Alwaleed bin Talal (at number 26)

Prince Al-Waleed Bin Talal, nephew of the Saudi King, is guided on his visit to the Somalian capital, Mogadishu on August 27, 2011. A delegation from the Saudi royal family arrived today in M
(Image credit: 2011 AFP)

A SAUDI PRINCE has "severed ties" with Forbes magazine saying it has undervalued his wealth by $9.6 billion in its annual rich list. As result, he is rated only the world's 26th richest man when in his view he should be 10th.

Prince Alwaleed bin Talal, whose investment interests include Twitter, News Corp and London's Savoy Hotel, disputed the list after Forbes put his net wealth at $20 billion. Alwaleed estimates it is $29.6 billion.

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