BILLIONAIRE SAUDI PRINCE SUES FORBES FOR UNDERSTATING HIS WEALTH

Billionaire Saudi Prince Sues Forbes for Understating His Wealth

Forbes is under attack after publishing its annual ranking of the world’s billionaires and listing Saudi Prince Alwaleed bin Talal in 26th place, with an estimated net worth of $20 billion. The prince, grandson of the founder of Saudi Arabia and nephew to the king, claims the publication undervalued him by $9.6 billion and has filed suit in the UK for libel. The list was published back in March and provoked immediate criticism from the royal’s camp, but Forbes has stood by its assessment, prompting the piqued prince to take legal actionMore…Discuss

 

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