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]
Prince Alwaleed bin Talal Can Once Again Sleep At Night
No longer will the world be under the erroneous assumption he's only worth $20 billion.