UAE- Forbes unveils list of 31 richest Arabs in the world| MENAFN.COM

Tuesday, 29 November 2022 07:45 GMT

UAE- Forbes unveils list of 31 richest Arabs in the world

(MENAFN- Khaleej Times) 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.

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

Staff Reporter


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