AI Summary
Saudi Arabians have topped Forbes list of Richest Arab Billionaires in 2015, with an aggregate wealth of more than $65.88 billion.
According to the magazine, the wealth of Arab billionaires increased 5 percent this year to reach $174.4 billion, compared to $166.2 billion in 2014.
A total of 41 Saudi families made it to the list, including 11 billionaires and 30 millionaires. Prince Waleed Bin Talal ranked as the wealthiest Arab and Saudi with $22.6 billion; while Mohamed Al-Amoudi ranked as the third richest man in the Arab world with $10.08 billion.
The Lebanese ranked second with a combined wealth of $33.8 billion and 11 billionaires, followed by the Egyptians with $27.1 billion. The United Arab Emirates came fourth with 11 billionaires and a total wealth of $22.7 billion.
Among the 100 magnates that appeared on the list, 18 gathered their wealth from the retail sector, 16 from bank and services sector, while only 7 people became rich from investing in oil sector.
|
World’s Richest Arabs— Forbes (USD bln) |
||||
|
Total |
Millionaire Wealth |
Billionaire Wealth |
Country |
Rank |
|
65.88 |
11.58 |
54.3 |
Saudi Arabia |
1 |
|
33.77 |
0.17 |
33.60 |
Lebanon |
2 |
|
27.12 |
1.42 |
25.70 |
Egypt |
3 |
|
22.72 |
3.52 |
19.20 |
United Arab Emirates |
4 |
|
6.68 |
0.58 |
6.10 |
Kuwait |
5 |
|
6.08 |
0.78 |
5.30 |
Morocco |
6 |
|
4.40 |
0.00 |
4.40 |
Syria |
7 |
|
3.10 |
0.00 |
3.10 |
Algeria |
8 |
|
1.32 |
0.22 |
1.10 |
Jordan |
9 |
|
1.20 |
0.00 |
1.20 |
Oman |
10 |
|
1.10 |
0.00 |
1.10 |
Sudan |
11 |
|
1.01 |
1.01 |
0.00 |
Qatar |
12 |
|
174.37 |
19.27 |
155.10 |
Total |
|
Be the first to comment
Comments Analysis: