Prince Alwaleed has filed a lawsuit in the
United Kingdom after Forbes had the nerve
to underestimate his wealth, according to
him.
The Saudi prince has decided to take legal
action against U.S. Forbes financial
magazine after it allegedly had the cheek to
underestimate his fortune by about $10
billion.
Not many people will be sympathetic to the
plight of Prince Alwaleed bin Talal, but that
did not stop the wealthy businessman from
seeking compensation from Forbes
magazine for misrepresenting him on their
rich list.
The magazine placed the province at
number 26 in the rankings with an estimated
fortune of $20 billion, which would have
been enough for most of us.
The Middle East mogul was not too happy
about this as he thought he was worth at
least $30 billion and accused Forbes of
being biased against Muslims.
However, the publication stuck to their
estimates and said the prince was operating
in an “alternate reality” if he thought he was
worth a lot more.
This did not go down too well with the
billionaire, who decided to launch a
defamation lawsuit against the magazine in
London.
In order to win the lawsuit, the prince will
have to convince the court that the ranking
caused him to lose a huge amount of money
or damaged his reputation.
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