Alexander Lebedev To Sue <em>Forbes</em> For Defamation Over Ex-Billionaires List

Alexander Lebedev To SueFor Defamation Over Ex-Billionaires List

Alexander Lebedev, the Russian businessman and media owner, has said he will sue Forbes magazine for reporting that he lost $2.5bn (£1.8bn) in the global financial crisis.

Lebedev, who bought the Evening Standard in January, said he planned to go to court to claim compensation from the American magazine, which publishes annual "rich lists" estimating the fortunes of billionaires.

"Forbes magazine claimed that I lost $2.5bn in the global financial crisis," he told the Russian news agency, Interfax. "That's absurd. I will demand compensation of material and moral damage caused by this defamation."

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