These are the 5 richest Arabs in the world
Emiratis and Saudis lead the pack, Forbes has released its annual rankings of the world’s richest, including a separate ranking of the World’s Richest Arabs. Emiratis and Saudis lead the pack, along with a couple of Egyptians and an Omani in the top 5. In total, their are 42 Arabs included on the list, which only includes those with $1 billion in net worth or more. The combined net worth of Arab billionaires climbed by 29.2 percent over last year to $123.4 billion. Here’s a look at some seriously loaded Arabs and how much they’re worth.
1. Prince Alwaleed bin Talal ($18.7 billion
Saudi Arabia’s Prince Alwaleed comfortably maintains his position as the world’s richest Arab, with just over $8 billion more than his closest competitor. Beyond his extensive investments in companies throughout the U.S., Europe and the Middle East through Kingdom Holding Co., Prince Alwaleed has also bragged about bailing out U.S. President Donald Trump not once, but twice. The billionaire has been an advocate for women’s empowerment in Saudi Arabia. Last year, he penned an open letter calling for women to be allowed to drive in the kingdom.
2. Majid Al Futtaim and family ($10.6 billion)
If you’ve ever enjoyed shopping at Mall of the Emirates (which includes Dubai’s famous indoor ski slope) or a Carrefour in any Middle Eastern or North African country, you’ve helped contribute to this Emirati businessman’s massive fortune. Most recently, the Futtaim business empire opened the Mall of Egypt, which like its Dubai counterpart, includes an indoor snow park.
3. Mohammed Al Amoudi ($8.1 billion)
Born to a Saudi father and an Ethiopian mother, Mohammed Al Amoudi has business interests in construction, agriculture, and energy companies across Saudi Arabia, Ethiopia and Sweden. Oil refiner Preem, the largest fuel company in Sweden, is Amoudi’s most valuable asset.
4. Abdulla bin Ahmed Al Ghurair and family ($6.8 billion)
Abdulla Al Ghurair founded Mashreq bank in 1967, and made it into one of the UAE’s most successful banks. In 2015, the Emirati businessman pledged to donate one-third of his assets to charity. He established Abdullah Al Ghurair Education Foundation to distribute the funds over a 10 year period.
5. Nassef Sawiris ($5.6 billion)
Egypt’s richest businessman runs OCI, one of the world’s largest nitrogen fertilizer producers. His plants are located in the U.S. Nassef Sawiris also owns 7 percent of the international sportswear brand Adidas, among other investments.
The list goes on to include other Arabs including Suhail Bahwan at no 6 with ($4.1 billion), And also tied at no. 6 is Abdulla Al Futtaim ($4.1 billion), Naguib Sawiris at no 7 with ($3.9 billion), Prince Sultan bin Mohammed bin Saud Al Kabeer at no 9 with ($3.8 billion), Hussain Sajwani at no 10 with ($3.7 billion), Issad Rebrab & family at number 11, with a ($3.1 billion wealth), Mohamed Mansour at number 12 with a ($2.7 billion) wealth, and Najib Mikati and his brother Taha Mikati at number 13, whose wealth is estimated at ($2.6 billion) respectively.