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The fabulous life of Saudi billionaire Prince Alwaleed

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Prince Alwaleed bin Talal

For two years, one of the world's wealthiest men, Prince Alwaleed bin Talal of Saudi Arabia, was locked in a battle with Forbes over his net worth, with the prince claiming the publication had underestimated his fortune by nearly $9.6 billion (£7.7 billion).

However the disgruntled billionaire and Forbes Media finally announced that the defamation suit was settled on "mutually agreeable terms" in 2015, Reuters reported. 

The magazine currently has Alwaleed pegged as the 45th richest person in the world, with $17.5 billion (£14 billion) in wealth. 

Regardless, Alwaleed is still rich beyond belief from his stake in his Kingdom Holding Company, his Saudi real estate investments, shares in Arab media companies, and investments in public and private companies globally, including Twitter and Chinese e-commerce giant JD.com.

© Business Insider/Reuters
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