Why the Middle East's Richest Man Isn't Happy

Saudi Prince Al-Waleed Bin Talal is commonly referred to as the richest man in the Middle East. Forbes currently pegs his net worth at $21.2 billion, while Bloomberg's Billionaires Index says it's closer to $32.7 billion.

But who cares about that difference, anyway? What's a few billion to the world's richest?

It turns out that in the case of Prince Al-Waleed, it's a big deal. In 2013, Forbes began pushing Al-Waleed's people for more transparency with regard to the underlying businesses representing his vast fortune. When Al-Waleed was displeased with his overall ranking and Forbes' valuation methods, he filed a libel suit against Forbes in London.

To find out how Prince Al-Waleed accumulated his vast fortune (hint: it isn't family money or oil), and why he's so upset about the Forbes ranking, check out the following slideshow.

If you'd like another billionaire's best investment ideas, check out Buffett's big buy
Imagine a company that rents a very specific and valuable piece of machinery for $41,000 per hour. (That's almost as much as the average American makes in a year!) And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report details this company that already has over 50% market share. Just click here to discover more about this industry-leading stock, and join Buffett in his quest for a veritable landslide of profits!

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3016758, ~/Articles/ArticleHandler.aspx, 8/30/2015 10:19:20 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Brian Stoffel

Brian Stoffel has been a Fool since 2008, and a financial journalist for the Motley Fool since 2010. He tends to follow the investment strategies of Fool-founder David Gardner, looking for the most innovative companies driving positive change for the future.

Today's Market

updated 1 day ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:01 PM
C $53.28 Down -0.16 -0.30%
Citigroup Inc CAPS Rating: ***
NWSA $13.80 Up +0.18 +1.32%
News Corp A Shares CAPS Rating: ****
TWTR $26.83 Up +0.37 +1.40%
Twitter CAPS Rating: ***