Saudi Prince Alwaleed bin Talal just couldn't stand being the 26th richest man in the world while Dubai had the world's tallest penis tower, the Burj Khalifa, which was renamed after a measly president, Khalifa bin Zayed Al Nahyan of the UAE. So, in honor of his manhood, the prince is building a bigger tower.

Kingdom Holding, one of the prince's many companies, will team up with Bin Laden Group on a $1.23 billion contract to erect the kilometer-tall tower north of Jeddah. Today, the Burj Khalifa is a mere 828 meters tall and is just waiting to be slapped around by a rich man. Just last year, the prince was listed as the 19th richest man in the world, so now that he's dropped to 26th he's got a lot to prove.

[Arabian Business, Reuters; images via Getty/AP]