Posts tagged 'Forbes'

The Prince and the Paper

It’s the end of an affair. From the FT:

Prince Alwaleed bin Talal, the Saudi investor whose interests range from the Hotel George V in Paris to a stake in Twitter, announced on Monday that he had “severed ties” with the Forbes billionaires list, accusing it of a “flawed” valuation method that displayed a bias against middle eastern investors.

Now we know why. Kudos to Forbes for a riveting write-up of Prince Alwaleed’s dealings with the magazine, including its attempts to figure out how Kingdom Holdings (the prince’s publicly-traded investment vehicle) contributes to the wealth of the Arab world’s richest man.

Some extracts… Read more