Saudi billionaire sues magazine for underestimating wealth
The prince, a grandson of Saudi Arabia’s founder and a nephew of King Abdullah, had attacked the US magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses after he was ranked number 26 in this year’s list.
An official at the High Court in London confirmed Prince Alwaleed had filed a defamation suit against Forbes, editor Randall Lane, and two of its journalists on Apr 30. Details of the claim were not immediately ava ilable.
