Alwaleed Bin Talal Cars

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In 2013, Kerry Dolan, editor of Forbes' annual billionaires' list, wrote an article accompanying the list entitled "Prince Alwaleed and the Curious Case of Kingdom Holding Stock". According to Dolan, al-Waleed attached great importance to the Forbes list and she alleged a correlation between changes in the share price of Kingdom Holdings and the annual run-up to the list's publication. Jeffrey Towson, al-Waleed's former head of direct investments for MENA and Asia-Pacific, published a report on his blog in response to the Forbes article entitled "The 8 Big Mistakes in Forbes' Attack on Prince Alwaleed". [self-published source] Towson wrote, "Forbes' explanation of his [al-Waleed's] behavior, his business and his investment strategy is one of the worst I have ever seen. The tone is bad. But the content is worse. " According to Towson, the magazine skewed the axis of its published-share-price chart to support the correlation. In the Forbes article, Dolan wrote that al-Waleed would blind copy Dolan on text messages he sent to prominent people in an attempt to impress her. She spent a week with him in Riyadh in 2008, at his behest, touring his palaces. In 2006 Forbes estimated al-Waleed's net worth at $7 billion less than he claimed. He telephoned Dolan at home, according to the editor, "nearly in tears". Al-Waleed had Kingdom Holding's chief financial officer fly to New York before a previous list was published to ensure that Forbes used his stated numbers.