Saudi prince launches libel action against Forbes magazine over Rich List | Media | guardian.co.uk: "Saudi Arabia's Prince Alwaleed bin Talal, one of the world's wealthiest businessmen who owns assets including London's Savoy hotel, has launched a libel action against the business magazine Forbes over claims it underestimated his fortune by $9.6bn.
Alwaleed, who is often described as the most influential businessman in the Middle East, vowed to sever ties with Forbes in March when its coveted annual Rich List valued him at $20bn – placing him as the 26th most wealthy billionaire on the planet.
The prince insisted he was worth closer to $30bn and accused the respected US magazine of being "demonstrably biased" against Saudi Arabian firms."
'via Blog this'
Thursday, June 06, 2013
Not shy about flaunting wealth
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