A German court has prohibited the U.S. edition of Forbes magazine from making claims that Russian-Uzbek billionaire Alisher Usmanov has close connections to President Vladimir Putin, The Moscow Times reported on January 23.
Forbes failed to provide evidence of Usmanov's business dealings on behalf of Putin and refused to disclose the identity of the expert mentioned in the article. The Hamburg District Court's decision restricts Forbes from disseminating the contested claims.
Usmanov's lawyer criticized the European Union's sanctions, based on what he called "fake news," emphasizing the failure of the institutional process that led to a "witch-hunt" against Usmanov. The excerpt regarding Usmanov's ties with Putin in the Forbes article, titled "Meet Putin’s oligarchs most likely to get slapped with sanctions by Biden over Ukraine," remains accessible despite the court's decision.
Earlier Daryo reported that billionaire Alisher Usmanov has experienced a reduction in his wealth since the start of 2024. Previously valued at $21.1 bn in the past year, his assets now stand at $20.8 bn. Despite the decrease, Usmanov maintains a notable position in the global wealth rankings, holding the 86th position among the world's top 500 wealthiest individuals. Notably, there is a variance in the estimations of Usmanov's net worth between Bloomberg and Forbes. While Bloomberg assesses his fortune at $20.8 bn, Forbes reports a notably lower figure of $14.4 bn. This difference may stem from variations in the methodologies employed by the two publications in calculating net worth.
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