Saudi Arabian billionaire Prince Alwaleed bin Talal said he had settled a libel suit against the Forbes magazine group over its reporting on his fortune, which he claimed was billions of dollars larger than the magazine estimated.
Bill Gates stands atop Forbes magazine's annual list of the world's richest people, as Facebook Inc's Mark Zuckerberg joined the top 20 and basketball star Michael Jordan plowed new air by making the list for the first time.
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company , has topped Arabian Business Magazine’s 2014 50 Richest Arab List for eleven consecutive years with a net worth of $28.1 billion.
The global net worth per adult in Qatar stands at $145,596, marking the highest among the GCC countries, according to Credit Swiss Bank Global Wealth Report 2013.
Wealth per head in the UAE has reached $120,363, in Oman it stands