Posted on 06/07/2013 8:56:56 AM PDT by Irenic
A Saudi prince is suing Forbes magazine for libel because it said he was only worth $20billion in its annual rich list instead of $30billion.
Prince Alwaleed bin Talal, one of the world's richest businessmen, claims the magazine underestimated his wealth by £9.6billion when it placed him at 26th in this year's list.
Being listed as worth $29.6billion would have placed him in the list's top ten.
Alwaleed accused Forbes of 'flawed and inaccurate, displays bias against Middle East investors and financial institutions' in an interview with the Sunday Telegraph in March.
(Excerpt) Read more at dailymail.co.uk ...
If there were no oil underneath the sand in Saudi Arabia, this “prince” would be collecting goat droppings to heat his tent during the night. Another a$$hole who was born on third base and thinks he hit a triple.
I think he has a lot bigger worries than that, given what is happening in his corner of the world.
He’s compensating for something...
But I'm told by liberals that there is terrorism against the West because the muslim world has no money. There is plenty of money there. Some of it even trickles to the terrorists (Bin Laden was a wealthy billionaire as was Arafat). Maybe if they would stop dropping to their knees 5 times a day to worship a dead warlord, they might rise up and tear down their monarchs and theocratic rulers who keep them living in comparative squaller.
And Steve Forbes is Republican.
The United States of America built those stinking Oil wells for those rag heads. So all you all y’all can go pound sand.
The United States of America built those stinking Oil wells for those rag heads. So all you all y’all can go pound sand.
Article has “Forbes calculated the prince’s wealth based on the value of his known investments instead of Kingdom’s share price on the Taduwal, the Saudi stock exchange, it said”.
In other words, Forbes exposed that the share price of the Prince’s holding company is way overvalued.
Ha!
He has more to lose his head over than his financial ranking. The twelvers are salivating.
hahaha! Yep!
yep. I am hoping a judge tells him to go pound sand. That would keep his butt REAL busy!
“who was born on third base and thinks he hit a triple”
I may have to use that when necessary.
So, the poor, poor Prince was listed as the 26th richest man instead of in the top ten? Cry me a river.
Hopefully any sane judge will toss this frivolous law suit out on its ear with the Prince and his legal team.
What’s a few billion here or there?
I think we should have taken down these filthy wahabbists immediately after 9/11.
And we still should. Them and their goddamned oil.
The higher you are on the list, the easier it is to impress the camels...
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