20 December 2010
MUSCAT: The world's fifty richest Arabs are worth a total of just over $245 billion, an 18 per cent increase over a year ago, the Arabian Business Rich List 2010 reveals.
Top of the list is Kingdom Holding Chairman Prince Alwaleed bin Talal bin Abdulaziz Al Saud, who has $20.4 billion - a figure that has been verified by his private office.
Saudi Arabia's Mohammed bin Issa Al Jaber retains second place after increasing his wealth from $9.7 billion to $12 billion over the course of the last year. The Olayan family has jumped five places to claim the third spot, with $11.9 billion, pipping Mohammed Al Amoudi in fourth number.
Altogether, the wealth of the top 10 people on the list amounts to just shy of $100 billion. This is a 16 per cent rise on last year, proving -- if anything -- that the super-wealthy have no interest in easing back their earnings growth. This year's highest new entry was the Bugshan family, which claimed eighth place, while the biggest riser was the Bukhamseen family which jumped from 47th to 25th.
Once again, Saudi Arabia has by far the biggest number of entries on the list, with the kingdom's entities taking up the top five places alone. Altogether, there are 32 Saudi entries on the 2010 list, and of the 24 new entries, 20 of them came from the Gulf's biggest economy. The next highest countries to feature are the United Arab Emirates (UAE) and Kuwait with four entries, while Egypt has three.
Lebanon has two entries, while Iraq, Palestine, Qatar, and Syria all have one each.
Sadly, Hasib Sabbagh, who featured nineteenth in the 2009 list, passed away in January this year.
MUSCAT: The world's fifty richest Arabs are worth a total of just over $245 billion, an 18 per cent increase over a year ago, the Arabian Business Rich List 2010 reveals.
Top of the list is Kingdom Holding Chairman Prince Alwaleed bin Talal bin Abdulaziz Al Saud, who has $20.4 billion - a figure that has been verified by his private office.
Saudi Arabia's Mohammed bin Issa Al Jaber retains second place after increasing his wealth from $9.7 billion to $12 billion over the course of the last year. The Olayan family has jumped five places to claim the third spot, with $11.9 billion, pipping Mohammed Al Amoudi in fourth number.
Altogether, the wealth of the top 10 people on the list amounts to just shy of $100 billion. This is a 16 per cent rise on last year, proving -- if anything -- that the super-wealthy have no interest in easing back their earnings growth. This year's highest new entry was the Bugshan family, which claimed eighth place, while the biggest riser was the Bukhamseen family which jumped from 47th to 25th.
Once again, Saudi Arabia has by far the biggest number of entries on the list, with the kingdom's entities taking up the top five places alone. Altogether, there are 32 Saudi entries on the 2010 list, and of the 24 new entries, 20 of them came from the Gulf's biggest economy. The next highest countries to feature are the United Arab Emirates (UAE) and Kuwait with four entries, while Egypt has three.
Lebanon has two entries, while Iraq, Palestine, Qatar, and Syria all have one each.
Sadly, Hasib Sabbagh, who featured nineteenth in the 2009 list, passed away in January this year.
© Times of Oman 2010
