Sunday, June 9, 2013

Paging Walter Block: Saudi Prince Sues Forbes After It Says He's Only Worth $20 billion

Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain’s Guardian newspaper reports.

Professor Walter Block has written extensively that there should be no libel laws and that a person does not own his reputation, which I would venture to guess Dr. Block would certainly extend to outside guesses of a person's wealth.

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