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Archive for March 6th, 2013

Saudi Prince Accuses Forbes Magazine of Understating His Wealth

Posted by addisethiopia / አዲስ ኢትዮጵያ on March 6, 2013

PoorDogMy note: Blaming and accusing others – this is exactly what I was talking about in my previous post: Wealth can not change the core nature of these folks. Arab Muslims are distinguished not by humility but by pride – really arrogance, self-glorification – a denial of personal responsibility for misfortune, which follows pathetic but contradictory notion of victimhood – these are all qualities hateful to the God of Abraham, Isaac and Jacob. In Christianity humility ranks above wisdom or wealth. The Saudi prince who nurtures an inferiority complex vis-à-vis the Western world is strange to humility, modesty and honesty. In an age of arrogance, modesty and humility are the most valuable marks of strength and wonderfulness. Back in 2001, right after the September 11 cruel attack, the richest Saudi Prince Alwaleed Bin Talal gave the then mayor of New York city, Rudy Giuliani, a $10 million donation check for disaster relief. Of course, the mayor rejected the donation. In a similar move, another Saudi prince made a verbal Jihad against the nation of Ethiopia that angered, but not surprised, many Ethiopians. A few days later, Saudi finance minister went to Addis Abeba to silence local politicians with a $25 million loan — and, perhaps, to bribe the British multinational oil and gas exploration company, Tullow Oil Plc, which is drilling wells in Southern Ethiopia. Just announced they had not yet discovered any oil or gas in Ethiopia. In the past, they were doing it clandestinely, now almost everything is unfolding before our very eyes

True humility is not thinking less of yourself; it is thinking of yourself less.” C.S. Lewis

Saudi prince blasts Forbes after they said he ranks 26th and is ‘only worth £13billion’ in rich list

Most billionaires are known for fiercely guarding their privacy and wouldn’t dream of telling the world where their money is tied up – or how much they are worth.

But one Saudi royal seems to be anything but reticent when it comes to his enormous wealth.

Prince Alwaleed Bin Talal is threatening to boycott an annual list of the world’s super-rich, after Forbes magazine claimed he was  worth ‘only’ £13billion.

He is unhappy with a ‘flawed’ estimation of his wealth, which left him languishing in 26th place with a mere £13billion.

Prince Alwaleed, the Saudi King Abdullah’s nephew, insists his investments in London’s Savoy Hotel, Apple, Citigroup and News Corp have been undervalued.

According to the prince’s calculations he should have been ranked at number ten with a £19.5billion fortune, right behind L’Oreal heiress Liliane Bettencourt.

The indignant 57-year-old – who is currently in talks to buy Swindon Town football club – owns two super yachts, the world’s largest private jet and more than 200 cars.  These include his collection of Rolls-Royces, Ferraris and Lamborghinis.

The Saudi, who is married to Princess Amira Al-Taweel, has blasted the list, saying it is biased against businessmen from the Middle East.

Continue reading…


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