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Friday, March 7, 2008

The Arab Billionaires! Richest Arabs On Earth!!

Each year Forbes Magazine comes out with their 'World's Billionaires List.' This is the most eagerly awaited and respected "Rich List" in the world. This year Forbes found 1125 Billionaires! I have been following this list since it first came out in 1987 and there is nothing else like it. Forbes really does an amazing job finding these Super Rich people. I have gone through the entire list and here, according to Forbes, are the Arabian Billionaires- followed by how much they are worth:

1.) Prince Alwaleed Bin Talal - Saudi Arabia - $21BIL
2.) Nasser Al-Kharafi & Family - Kuwait - $14BIL
3.) Naguib Sawiris - Egypt - $10BIL
4.) Mohammed Al Amoudi - Saudi Arabia - $9BIL
5.) Abdul Aziz Al Ghurair & Family - UAE - $8.9BIL
6.) Maan Al-Sanea - Saudi Arabia - $8.1BIL
7.) Sulaiman Al Rajhi - Saudi Arabia - $7.4BIL
8.) Mohammed Al Bin Issa Al Jaber - Saudi Arabia - $5.3BIL
9.) Onsi Sawiris - Egypt - $5BIL
10.) Saleh Al Rajhi - Saudi Arabia - $4.7BIL
11.) Nassef Sawiris - Egypt - $3.9BIL
12.) Saleh Kamel - Saudi Arabia - $3.5BIL
13.) Abdullah Al Raji - Saudi Arabia - $3.2BIL
14.) Khalid Bin Mahfouz & Family - Saudi Arabia - $3.1BIL
15.) Abdulla Al Futtaim - UAE - $3BIL
16.) Majid Al Fattaim - UAE - $3BIL
17.) Saif Al Ghurair & Family - UAE - $2.8
18.) Khalaf Al Habtoor - UAE - $2.5BIL
19.) Saad Hariri - Saudi Arabia - $2.3BIL
20.) Najib Mikati - Lebanon - $2.3BIL
21.) Taha Mikati - Lebanon - $2.3BIL
22.) Mohammed Al-Bahar - Kuwait - $2.1BIL
23.) Bassam Alghanim - Kuwait - $1.6BIL
24.) Kutayba Alghanim - Kuwait - $1.6BIL
25.) Ayman Hariri - Saudi Arabia - $1.6BIL
26.) Mohammed Al Rajhi - Saudi Arabia - $1.6BIL
27.) Samih Sawiris - Egypt - $1.5BIL
28.) Sulaiman Algosaibi - Saudi Arabia - $1.4BIL
29.) Said Khoury - Palestine - $1.2BIL
30.) Hasib Sabbagh - Palestine - $1BIL

Forbes never claims to find all the world's Billionaires, and they usually exclude Royalty from their list - Prince Alwaleed is the exception - and stick mainly to business people. In order to give you the most complete list of Arabian Billionaires available, I will now list those Arab Billionaires in the ArabianBusiness.com '50 Richest Arabs List' that, for one reason or another, did NOT appear on the Forbes list. Here they are:

- Bin Laden Family - Saudi Arabia - $8.5BIL
- Olyan Family - Saudi Arabia - $7.2BIL
- Kanoo Family - Bahrain - $6.1BIL
- Gargash Family - UAE - $5BIL
- Al Shaya Family - Kuwait - $5BIL
- Mahdi Al-Tajir - UAE - $4.1BIL
- Mohamed Abdul Latif Jameel - Saudi Arabia - $3.1BIL
- Shwan Al-Mulla - Iraq - $3BIL
- Nadhmi Auchi - Iraq - $2.8BIL
- Al Zamil Family - Saudi Arabia - $2.8BIL
- Issam Fares - Lebanon - $2.4BIL
- Hussain Sajwani - UAE - $2.4BIL
- Sheikh Walid Al Ibrahim - Saudi Arabia - $2.3BIL
- Mohammed Shafik Gabr - Egypt - $2.2BIL
- The Al Rostamani Family - UAE- $2.1BIL
- Omar Ayesh - UAE - $2.1BIL
- Boodai Family - Kuwait - $1.85BIL
- Shoman Family - Palestine - $1.8BIL
- Tareq Sultan - Kuwait - $1.7BIL
- Al Tayer Family - UAE- $1.65BIL
- Munib Masri - Palestine - $1.62BIL
- Ziad Manasir - Jordan - $1.5BIL
- Fayez Sarofim - Egypt - $1.5BIL
- Nemir Kirdar - Iraq - $1.4BIL
- Galadari Family - UAE - $1.32BIL
- Sheikh Suleiman Bin Abdul Aziz Al Majed - Saudi Arabia - $1BIL
- Saaeb Nahas - Syria - $1BIL
- Ahmed Ezz - Egypt - $1BIL

WOW!! Now you have what I believe to be the MOST COMPLETE LIST OF ARAB BILLIONAIRES AVAILABLE ANYWHERE - though no doubt there are more that nobody has discovered yet! I have listed ALL the Arab Billionaires from BOTH the Forbes list AND the ArabianBusiness.com list-- and believe me, most of these Super Rich Arabs are either directly or indirectly involved in the Mega Projects!

Please Note: The net worths given after each Billionaire are the best estimates that Forbes and ArabianBusiness.com could come up with and thus should not be considered 100% accurate 100% of the time. The net worth of these individuals can change rapidly. For example, ArabianBusiness.com has Prince Alwaleed's net worth listed as $29.5BIL on their '50 Richest Arabs List,' which came out December 2, 2007. However now, just a little more than 3 months later, Forbes estimates his wealth at "only" $21BIL. This is beacause The Prince has huge investments in Citigroup and other stocks that have been getting destroyed in the USA stock market. Therefore in 3 months The Prince has lost an astounding $8.5BIL!!! This illustrates how fast the wealth of the Billionaires can change.

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