June 8, 2013 |
A Saudi Arabian billionaire prince has sued Forbes magazine in London, accusing the publication of underestimating his wealth in its highly scrutinized annual list of the world's richest people. Prince Alwaleed bin Talal claims the magazine was "deliberately biased" when ranking him at a lowly 26th place in its 2013 tally of the super wealthy, according to court documents cited by the United Kingdom's Guardian newspaper. The magazine pegged his net worth at $20 billion. The prince claims it is closer to $30 billion.
March 26, 2014 |
Who says you don't get what you paid for? Even if it takes a couple of years. Forbes has come out with its annual team valuations for Major League Baseball, and guess what the business magazine said the Dodgers are worth in 2014 -- $2 billion. Or exactly what Guggenheim Baseball Management paid for the Dodgers in 2012 - not counting the additional $150 million it generously gave Frank McCourt for half ownership of the Dodger Stadium parking lots. That's a 24% jump in team value from last year.
May 6, 2013 |
Tim Tebow may not have won the Super Bowl, or any other pro sports championship. He hasn't won any Olympic medals either. Heck, he doesn't even have a job. Yet, the recently released backup quarterback for the New York Jets topped Forbes magazine's list of America's most influential athletes of 2013, which utilized surveys of U.S. fans by Nielsen and E-Poll Market Research. The athletes he beat out included three 2012 Olympic gold-medal winners...
September 5, 2012 |
The Dallas Cowboys have won one playoff game since the turn of the century, but for the second straight year they are the most valuable NFL commodity, according to an annual survey released Wednesday by Forbes. The Cowboys are worth $2.10 billion, nearly double the league average of $1.11 billion, which increased 7 percent from last season. The Cincinnati Bengals are the only NFL team not to increase in value, staying at $871 million, which ranks 26 in the 32-team league. The Jacksonville Jaguars are ranked 32. That franchise was sold for $770 million in January.
November 17, 2009
Re "Forbes' recognition of cartel boss irks Mexicans," Nov. 14 This article, while newsworthy, appropriately deserved to be exiled to Page A23. It is repugnant for any publication, especially one as revered as Forbes, to showcase a despicable drug trafficker on its purported list of "movers and shakers." No doubt there are many criminals who are very powerful, having profited from crime and the degradation it brings to civilized society. To elevate such miscreants to any semblance of status, however, is a decision that Forbes should regret.
March 4, 2013 |
This post has been corrected. See below for details. The list of the world's ultimate 1% has grown: Forbes magazine said its tally of billionaires around the globe climbed 16% over last year. Topping the list is Carlos Slim, a telecommunications mogul from Mexico with a reported net worth of $73 billion. Microsoft Corp.'s Bill Gates came in second place, again, with a net worth of $67 billion. Other notables saw their places drop as their bank accounts were squeezed in the last year.
August 28, 2013 |
Madonna is 2013's top-earning celebrity, according to Forbes. The "MDNA" rock star is said to have earned an estimated $125 million between June 2012 and June 2013, the mag said. Sales for her last album, "MDNA," were poor, but "MDNA's" corresponding tour , which happened to coincide with her powerhouse halftime-show performance at the 2012 Super Bowl, bolstered her earnings big time. The tour grossed $305 million, according to the mag, thanks to fans who shelled out "upwards of $100 a ticket" to hear the Material Girl's classic hits like "Vogue" and "Like a Virgin.
September 3, 1989
Inquiring minds want to know: Can Forbes write it off on taxes? I have a special birthday soon, and I know my family and many friends would enjoy a party. We'll fly the Concorde to Morocco and rent a castle from the rich and famous if Uncle Sam will underwrite the fun. Californians will also want to know if Gov. George Deukmejian lists this travel on his gifts while in office. MARIE SMITH, Palos Verdes Estates
May 1, 2009 |
As we saw again last weekend, the Boston Red Sox and the New York Yankees dominate the hype, but in a Forbes magazine ranking of the best rivalries in baseball, the East Coast arch-foes rated only second. In first place? The Dodgers and the San Francisco Giants. From the magazine: "One of baseball's most enduring rivalries, the Giants have a slight edge over the Dodgers -- 1,154 wins to 1,133 -- in this series, which has always been competitive.
CALIFORNIA | LOCAL
August 12, 1998
In Steve Forbes' article, "Make Them Give Back Our Money" (Commentary, Aug. 7), he lists 10 things Congress should do to modify the income tax and ends with a "pro-growth, pro-family, single rate system." Does anyone really believe that Congress won't find amendments that will give special treatment for their friends? The only way to resolve this problem is to eliminate the income tax completely. It can be done, as I have written previously, by imposing a 0.15% tax on international monetary transactions, which would yield over a trillion dollars per year.