Last year Saudi Arabia had a number of billionaires with various wealth sources. But they are not listed in the current Forbes list of global billionaires. The reason they were left off the list is that Forbes' writers can't figure out what remains of their fortunes. Here's the story:
Saudi Crown Prince Mohammed bin Salman forced "the country's richest people to turn over their personal fortunes to the state . . ."
photo of the crown prince: npr
"Late last year the 32-year-old heir to the throne locked up a group of Saudi billionaires and other businessmen at an ultra-luxe prison--the 492-room, palm-lined Ritz-Carlton Riyadh. Some were his own relatives, including Prince Alwaleed Bin Talal . . ."
"There are a thousand and one stories about what precisely happened, making it impossible to know definitively who gave how much to whom when . . Given these shifting sands of truth, we've chosen to leave all ten Saudis off our billionaires list this year; none would comment."
(cont'd tomorrow)
"There are a thousand and one stories about what precisely happened, making it impossible to know definitively who gave how much to whom when . . Given these shifting sands of truth, we've chosen to leave all ten Saudis off our billionaires list this year; none would comment."
(cont'd tomorrow)
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