Advertisement
| 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.

Advertisement
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

Name Net Worth Source Country of Citizenship
Nassef Sawiris $6.6 billion construction, chemicals Egypt
Abdulla Bin Ahmad Al Ghurair $5.9 billion diversified UAE
Majid Al Futtaim $4.6 billion real estate, retail UAE
Hussain Sajwani $4.1 billion real estate UAE
Issad Rebrab $4 billion food Algeria
Naguib Sawiris $4 billion telecom Egypt
Suhail Bahwan $3.9 billion diversified Oman
Abdulla Al Futtaim $3.3 billion auto dealers, investments UAE
Taha Mikati $2.8 billion telecom Lebanon
Mohamed Mansour $2.7billion diversified Egypt
Najib Mikati $2.7 billion telecom Lebanon
Saeed Bin Butti Al Qebaisi $2.7 billion hospitals, investments UAE
Aziz Akhannouch $2.2 billion petroleum, diversified Morocco
Bahaa Hariri $2.1 billion real estate, investments, logistics Lebanon
Yasseen Mansour $1.9 billion diversified Egypt
Saif Al Ghurair $1.9 billion diversified UAE
Mohamed Al Fayed $1.6billion retail, investments Egypt
Robert Mouawad $1.6 billion fine jewelry Lebanon
Othman Benjelloun $1.6 billion banking, insurance Morocco
Saad Hariri $1.5billion construction, investments Lebanon
Faisal Bin Qassim Al Thani $1.6billion hotels, diversified Qatar
P.N.C. Menon $1.5billion real estate Oman
Khalifa Bin Butti Al Muhairi $1.5billion hospitals, investments UAE
Youssef Mansour $1.4billion diversified Egypt
Bassam Alghanim $1.4billion diversified Kuwait
Kutayba Alghanim $1.4 billion diversified Kuwait
Ayman Hariri $1.3billion construction, investments Lebanon
Fahd Hariri $1.3billion construction, investments Lebanon
Fawzi Al-Kharafi $1.2billion diversified Kuwait
Mohannad Al-Kharafi $1.2billion diversified Kuwait
Hamad bin Jassim bin Jaber Al Thani $1.2billion investments Qatar

 

Copyright © 2018 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).