A press release issued by the Prince’s conglomerate, King Holdings, called the Forbes list “false and inaccurate” and claimed the magazine is “biased against the Middle East”. He will no longer assist the publication in calculating the value of his holdings in the future.
The Forbes calculations do not include the value of the Prince’s holdings in KHC, as the conglomerate is called, and thus the Prince claims they understate his net worth considerably.
The Forbes list ranks the Prince as the 26th richest man in the world, with a net worth of $20 billion. The new Bloomberg Billionaires list, which was first published in 2012, has the Prince at number 16 with a net worth of $28 billion.
Forbes defends its methodology and says they will continue to include the Prince in its listings, even if he does not cooperate with their examinations.