Saudi Prince Alwaleed bin Talal joined the index, which
doubled the number of billionaires it tracks yesterday. Alwaleed's fortune has
increased 18.2 percent, or $3.2 billion, this year, as shares of his Kingdom
Holding Co., a diversified investment group that is planning to build
the world's tallest tower, rose 36 percent. The 57-year-old ranks 24th on the
index with a net worth of $20.5 billion.
"There is no secret to success," Alwaleed said in
an e- mail sent from Saudi Arabia. "It is based on a sound investment
strategy, commitment and long-term vision."
The Bloomberg Billionaires Index takes measure of the
world's wealthiest people based on market and economic changes and Bloomberg
News reporting. Each net worth figure is updated every business day at 5:30
p.m. in New York. The valuations are listed in U.S. dollars….
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