Prince Alwaleed, owner of London’s Savoy hotel, said in March that he would sever ties with [Forbes] after its annual rich list valued him at $20bn, not enough to place him in the coveted top 10. Despite being pronounced the richest man in the Arab world, Prince Alwaleed accused Forbes of “intentional biases and inconsistencies” and insisted his real value was nearly $30bn. He has now filed a defamation claim in London’s High Court against Forbes‘s publisher, its editor, Randall Lane, and two of its journalists. Forbes said it stood by its story. [Telgraph]

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Comments (16)

  1. Posted by Guest | June 7, 2013 at 3:40 PM

    Who wants a mustache ride!

    – P. Alwaleed

  2. Posted by Guest | June 7, 2013 at 3:50 PM

    Nothing says 'small penis' like suing Forbes over your net worth being only $20bill

  3. Posted by berkshire | June 7, 2013 at 4:05 PM

    As if his net worth is anything but the accumulation of oil revenue offset by stock market losses. These clowns make ego investments that aren't likely to impress Warren Buffett. And on that note, this clown wasn't smart enough to leave the investment analysis to Buffett. If he had, his net worth would be growing.

  4. Posted by Guest | June 7, 2013 at 4:16 PM

    What a douche.

  5. Posted by guesticles | June 7, 2013 at 4:17 PM

    lol what?

  6. Posted by Danker_Banker | June 7, 2013 at 4:27 PM

    Forbes did however rank the mole on his face as the world's wealthiest facial feature, with a net worth of $1.2 billion, just eclipsing Warren Buffet's nose hair.

  7. Posted by Is this day over yet | June 7, 2013 at 4:55 PM

    That photo is actually a photo of the prince looking at THAT exact photo…. which hangs in his office. HIS OFFICE is actually a room with walls sculped into the exact shape of his face, with a large circular brown ottomon in the far left corner of the room, right where his chin should be. Its very difficult to find furniture to fit in its exact contours…but there is plenty of wall space… to hang photos…..of himself.

  8. Posted by WSJevons | June 7, 2013 at 4:58 PM

    If Uncle Warren's nose hair is shade under $1.2 billion, what are his eyebrows net worth? 3 or 4 yards?

  9. Posted by Hobbes | June 7, 2013 at 5:19 PM

    I bet his employees wish they could tell him not to make a mountain out of a mole hill.

  10. Posted by Guest | June 7, 2013 at 5:23 PM

    I swear that mole gets bigger every time I see it.

  11. Posted by Guest | June 7, 2013 at 5:24 PM

    The glasses say "I'm going to rape you" but the moustache says… well I guess it says the same thing.

  12. Posted by snorfy | June 8, 2013 at 11:12 AM

    that is not how Saudi's do business

  13. Posted by snorfy | June 8, 2013 at 11:15 AM

    there are penalties for immodesty in business dealings, and this is a rather silly spectacle that could reflect poorly on the Kingdom

  14. Posted by John Thain | June 9, 2013 at 1:25 PM

    My office was better………

  15. Posted by Guest | June 9, 2013 at 8:08 PM

    So in order for this suit to be successful, he will have to prove his net worth is above $20B. Guess this suit will be dropped in a week when he actually looks at his investment portfolio.

  16. Posted by Guest | June 10, 2013 at 6:25 AM

    Even better, his portfolio will need to be made public as part of the evidence. Short everything.