Saudi prince launches libel action against Forbes magazine over Rich List

[tofuandbeer]

This discussion thread was locked as off-topic by azurnoir (a host of the Latest Breaking News forum).

Source: The Guardian

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.

Read more: http://www.guardian.co.uk/media/2013/jun/06/saudi-prince-libel-action-forbes-rich-list

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Lesson 1 of How to Piss Off a Billionaire.

[onehandle]

1. Sounds like somebody is asking for a visit from a drone. nt

[L0oniX]

2. A pissing contest by rich assholes? Whodathunkit

[grahamhgreen]

3. Obviously he can afford to pay more taxes.

[SunSeeker]

4. So NOT saying you are filthy stinking rich is an insult? nt

[valerief]

5. Compensation for something else, I imagine. nt

[cstanleytech]

6. Or the lack there of. nt

[azurnoir]

7. sorry locking

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