Prince Alwaleed bin Talal is unhappy with Forbes magazine, accusing it of prejudice in estimating his wealth at $20bn – a mere 26th among the world’s 1,426 billionaires. The Saudi investor has broken off his “longstanding relationship with the Forbes billionaires list” and sought comfort in the Bloomberg Billionaires ranking.
Carlos Slim Helu has snatched the title “World’s Richest Man” from Bill Gates in this year’s rankings of billionaires from Forbes. A jump in the value of the Mexican’s telecoms business America Movil helped put his net worth at $53.5bn, $500m ahead of the Microsoft founder.
The Forbes rankings makes compulsive if snoopy reading for those never likely to appear in them, as well as for some that already have. I once lunched with a couple of US billionaires who could not get over how much higher up the league table the guy at the next table was. Read more