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.
