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|08 March, 2018

Forbes unveils list of 31 richest Arabs in the world

Egyptian construction and chemical tycoon, Nassef Sawiris, tops the list.

Amazon President, Chairman and CEO Jeff Bezos speaks at the Business Insider's "Ignition Future of Digital" conference in New York City December 2, 2014.

Amazon President, Chairman and CEO Jeff Bezos speaks at the Business Insider's "Ignition Future of Digital" conference in New York City December 2, 2014.

REUTERS/Mike Segar

Forbes Middle East is uncovering the Arab billionaires that have been revealed in the 2018 Forbes US Global Billionaires ranking. The 31 mega-wealthy Arab business tycoons have a combined estimated net worth of $76.7 billion.

Construction and chemical tycoon, Nassef Sawiris, tops the list with an estimated net worth of $6.6 billion. He is followed by three Emirati business moguls-Abdullah Al Ghurair, Majid Al Futtaim and Hussain Sajwani, with an estimated net worth of $5.9 billion, $4.6 billion and $4.1 billion respectively.

None of the previous year's Saudi billionaires made it to this year's rankings.

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As a result, the total wealth of Arab billionaires has fallen from $123.4 billion to $76.7 billion, and 11 have dropped off the charts: last year there were 42; today there are 31.

The World's Richest Arabs 2018

NameNet WorthSourceCountry of Citizenship
Nassef Sawiris$6.6 billionconstruction, chemicalsEgypt
Abdulla Bin Ahmad Al Ghurair$5.9 billiondiversifiedUAE
Majid Al Futtaim$4.6 billionreal estate, retailUAE
Hussain Sajwani$4.1 billionreal estateUAE
Issad Rebrab$4 billionfoodAlgeria
Naguib Sawiris$4 billiontelecomEgypt
Suhail Bahwan$3.9 billiondiversifiedOman
Abdulla Al Futtaim$3.3 billionauto dealers, investmentsUAE
Taha Mikati$2.8 billiontelecomLebanon
Mohamed Mansour$2.7billiondiversifiedEgypt
Najib Mikati$2.7 billiontelecomLebanon
Saeed Bin Butti Al Qebaisi$2.7 billionhospitals, investmentsUAE
Aziz Akhannouch$2.2 billionpetroleum, diversifiedMorocco
Bahaa Hariri$2.1 billionreal estate, investments, logisticsLebanon
Yasseen Mansour$1.9 billiondiversifiedEgypt
Saif Al Ghurair$1.9 billiondiversifiedUAE
Mohamed Al Fayed$1.6billionretail, investmentsEgypt
Robert Mouawad$1.6 billionfine jewelryLebanon
Othman Benjelloun$1.6 billionbanking, insuranceMorocco
Saad Hariri$1.5billionconstruction, investmentsLebanon
Faisal Bin Qassim Al Thani$1.6billionhotels, diversifiedQatar
P.N.C. Menon$1.5billionreal estateOman
Khalifa Bin Butti Al Muhairi$1.5billionhospitals, investmentsUAE
Youssef Mansour$1.4billiondiversifiedEgypt
Bassam Alghanim$1.4billiondiversifiedKuwait
Kutayba Alghanim$1.4 billiondiversifiedKuwait
Ayman Hariri$1.3billionconstruction, investmentsLebanon
Fahd Hariri$1.3billionconstruction, investmentsLebanon
Fawzi Al-Kharafi$1.2billiondiversifiedKuwait
Mohannad Al-Kharafi$1.2billiondiversifiedKuwait
Hamad bin Jassim bin Jaber Al Thani$1.2billioninvestmentsQatar

 

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