The prince is involved in an ongoing argument with Forbes, after the magazine in March knocked almost $10bn off his estimated $29.6bn wealth and said it had doubts about the way Kingdom’s stock had risen sharply during the period when it collected its valuation data.
The prince denied Kingdom’s share price was manipulated and said he planned to take legal action against Forbes “within weeks”. “You can’t have a magazine say that Saudi Arabia trading is rigged,” he said. “And you can’t also attack Alwaleed bin Talal.”
Forbes said they stand by their story.