Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Billionaire Saudi Prince Sues 'Forbes'

LINDA WERTHEIMER, HOST:

And our last word in business today is: Billionaire undervalued.

Saudi prince and conspicuous billionaire Alwaleed bin Talal is suing Forbes magazine in a London court.

RENEE MONTAGNE, HOST:

Forbes' annual list of the world's wealthiest people estimates bin Talal's fortune at $20 billion. But the prince says the magazine publicly shortchanged him by nearly $10 billion.

WERTHEIMER: Bin Talal, who is a part owner of Citibank, News Corps and Twitter, accuses the money magazine of bias against Middle Eastern businesses - a compliant he's made in the past. The prince showed up in the 26th spot on the Forbes' list, tied with two others.

MONTAGNE: By prince's count, he says should be 10th on the list, beating out French business billionaire Bernard Arnault - who only has $29 billion to his name.

And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

WERTHEIMER: And I'm Linda Wertheimer.

(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.