The Top Ten Richest Arabs in the World 0f 2016

When you think of the world’s richest country, which one comes to mind? Maybe China, or The United States? You might be surprised that neither of these countries can claim that title. In fact, they’re not even in the top three. The country that takes the top honor of world’s richest country is Qatar. The Middle East is made up of some of the world’s wealthiest countries, and is also – famously – home to some of the richest families in the world. When it comes to international business, the Middle East is a real money magnet.

So who are the men – and families – behind the vast wealth in the Middle East? They’re not all Princes who inherited their riches; some are incredibly savvy business people. Of course, some of the families on this list did in fact make their riches from oil. The Middle East is known for its liquid gold and with countries across the world depending on that precious oil, Middle Eastern businessmen who have a piece of that cash cow are guaranteed to become inestimably wealthy.

While we can’t talk about the Middle East’s wealth without looking at their oil, it must be acknowledged that the Arabs are using their advantage to advance in almost every other market; construction, luxury hotels, retail and merchandising, real estate, banking, aviation, and telecommunications. The list of potential business opportunities seems endless. And with the wealth of entire nations soaring on the back of all this investment, we’ve selected the 10 wealthiest Arabs who are clearly benefiting from precious natural resources and wise investment decisions in the Middle East.

The Top Ten Richest Arabs in the World 0f 2016

The Top Ten Richest Arabs in the World 0f 2014

Al Waleed bin Talal bin Abdulaziz al Saud:-

Al Waleed bin Talal bin Abdulaziz al Saud

Al Waleed bin Talal bin Abdulaziz al Saud is a Saudi Arabian businessman and investor. He is a member of the Saudi royal family. He is the founder, CEO, and 95%-owner of the Kingdom Holding Company.

  • Net Worth:  $20 Billion
  • Born: March 7, 1955 (age 58), Jeddah, Saudi Arabia
  • Spouse: Asmaa bint Eidan bin Nayef Al Taweel Al Osaimi Al Otaibi, More
  • Parents: Princess Mona El-Solh, Talal bin Abdulaziz Al Saud
  • Children: Princess Reem bin Talal, Prince Khaled bin Talal
  • Education: Maxwell School of Citizenship and Public Affairs (1985), More
  • Siblings: Khaled bin Talal bin Abdul Aziz Al Saud
  • Source of Wealth:  Investments (Self-made)
  • Age:  58 years old
  • Birth Place:  Jeddah, Saudi Arabia
  • Height: N/A
  • Marital Status:  Married (Princess Ameera)

Joseph Safra:-

Joseph Safra

Joseph Safra is a Brazilian banker who currently runs the Brazilian banking and investment empire, Safra Group.

  • Net Worth : $13.8 billion
  • Born: 1939, Aleppo, Syria
  • Spouse: Vicky Safra
  • Parents: Jacqui Safra
  • Siblings: Moise Safra, Edmond Safra, Arlette Safra
  • Children: Alberto Safra

Mohammed Hussein Al Amoudi:-

Mohammed Hussein Al Amoudi

Sheikh Mohammed Hussein Ali Al Amoudi is a Saudi Arabian/Ethiopian businessman and billionaire who lives in Ethiopia and Riyadh, Saudi Arabia.

  • Net Worth : $13.5 Billion
  • Born: July 21, 1946 (age 67), Dessie, Ethiopia
  • Spouse: Sofia Saleh Al Amoudi

Mohamed Bin Issa Al Jaber:-

Mohamed Bin Issa Al Jaber

Mohamed Bin Issa Al Jaber is an Arab businessman and philanthropist, who also holds Austrian nationality.

  • Net Worth : $7 billion
  • Born: 1959, Jeddah, Saudi Arabia
  • Education: University of London

Nassef Sawiris & Family:-

Nassef Sawiris & Family

The Sawiris family is an Egyptian Coptic family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. In 2008, Forbes estimated the family’s net worth at $36 billion.

Onsi Sawiris (born in 1930), now retired, is the patriarch of the family. Various companies in the group are run by Onsi Sawiris’ three sons: Naguib Sawiris (born in 1954), Samih Sawiris (born in 1957), Nassef Sawiris (born in 1961).

  • Net Worth : $5.9 Billion
  • Source of Wealth: construction, inherited and growing
  • Residence: Cairo, Egypt
  • Country of Citizenship: Egypt
  • Education: Bachelor of Arts / Science, University of Chicago
  • Marital Status: Married
  • Children: 4

Sulaiman Al Rajhi & Family:-

Sulaiman Al Rajhi & Family

Sheikh Sulaiman bin Abdul-Aziz Al-Rajhi (born 1920) is a Saudi Arabian corporate figure and billionaire. He is the chairman of Al Rajhi Bank, one of the largest companies in Saudi Arabia and the largest Islamic bank in the world. As of 2011, his wealth was estimated by Forbes to be $7.7 billion, making him the 120th richest person in the world.

  • Net Worth : $6 Billion
  • Age: 94
  • Source of Wealth: banking, self-made
  • Country of Citizenship: Saudi Arabia
  • Marital Status: Married
  • Children: 23

Majid Al Futtaim:-

Majid Al Futtaim

Majid Al Futtaim is the estranged brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls and supermarkets across the Middle East, including 48 Carrefour hypermarkets. The group has rebounded from a depressed real estate market and losses, raising his net worth by $2.5 billion.

  • Net Worth : $3.6 Billion
  • Source of Wealth: real estate, retail, inherited and growing
  • Country of Citizenship: United Arab Emirates
  • Marital Status: Married

Najib Mikati:-

Najib Mikati

Najib Azmi Mikati is a Lebanese politician who served as the Prime Minister of Lebanon two times. From April 2005 to July 2005 he was Prime Minister of Lebanon in a caretaker government.

  • Net Worth : $3.5 Billion
  • Born: November 24, 1955 (age 58), Tripoli, Lebanon
  • Spouse: May Mikati
  • Previous office: Prime Minister of Lebanon (2011–2013)
  • Education: INSEAD, American University of Beirut, Harvard University

Taha Mikati:-

Taha Mikati

Taha Mikati founded Investcom with his brother, Lebanese Prime Minister Najib Mikati, during Lebanon’s civil war in the 1980s, and later expanded into Africa. In 2006, they sold their stake to South African telecom powerhouse MTN Group, and remain the company’s largest single shareholder through their holding company M1 Group. Taha Mikati is responsible for strategic decisions, while his son Azmi, a Columbia University engineering grad, runs the day-to-day business.

  • Net Worth : $3.5 Billion
  • Age: 69
  • Source of Wealth: telecom, self-made
  • Country of Citizenship: Lebanon
  • Education: Bachelor of Arts / Science, American University Beirut Lebanon
  • Marital Status: Married
  • Children: 3

Abdulla bin Ahmad Al Ghurair & family:-

Abdulla bin Ahmad Al Ghurair & family

Abdulla Al Ghurair and his billionaire brother, Saif, are scions of a prominent UAE business family. Al Ghurair founded Mashreq in 1967, now a leading bank in the country. He remains chairman. His son Abdul Aziz is CEO. Another son, Sultan, is a board member. The bank was hurt by its exposure to bad real estate loans during the recession. Now it is cleaning up its balance sheet by cutting lending.

In the first nine months of 2012 it reported a 28% increase in net profits. The family owns a conglomerate that has interests in food, construction and retail and in November 2012 hired a non-family member to run it. The new CEO has an MBA from Stanford University and ran Hewlett-Packard’s business in the Middle East.

  • Net Worth: $3.1 Billion
  • Source of Wealth: Diversified, Inherited
  • Birth Place: Dubai, United Arab Emirates
  • Nationality: United Arab Emirates
  • Ethnicity: Arab
  • Occupation: Founder, President and Chairman of the Mashreq Bank PSC
  • Education: Stanford University (MBA)

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