Business

Prince Alwaleed bin Talal insulted at only being No 26 on Forbes rich list

Saudi Arabia businessman, one of the most influential in the Middle East, says he has been undervalued by $9.6bn

For most people, even featuring in the Forbes list of the world's billionaires would be cause for celebration, but for Prince Alwaleed bin Talal of Saudi Arabia, appearing at number 26 with $20bn (£15bn) was an insult.

The prince, one of the most influential businessmen in the Middle East, insists the list undervalues him by $9.6bn. He has vowed to sever all ties with the group's reporters and accused them of damaging US-Saudi relations.

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