Last week, Forbes magazine released its annual list of the world’s billionaires. Bruton Smith, a previous member, was missing from the group. But one of his spokesmen said Wednesday that Smith’s personal net worth still puts him into the billionaire category. “No representative from Forbes has ever contacted Mr. Smith regarding his assets,” said Jerry Gappens, a spokesman for Speedway Motorsports. “What they are not taking into account is his private holdings.” Last year, Smith’s public holdings were worth $1.0 billion according to the Forbes list. Because Smith dropped off, the magazine did not publish the value of his public holdings this year.( Charlotte Observer )(3-6-2003)
