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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.
At underestimating 30 billion
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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.
At underestimating 30 billion
@ the Swag