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Sunday, June 24, 2012

Billionaires Of The Middle East - Arab Billionaire List

In this post I will cover the richest people in the Middle East, the Billionaires. These are the movers and shakers of the region and many of them are either directly or indirectly involved in the Mega Project real estate developments of the UAE and the entire MENA Region. Two very reliable sources were used for gathering the information in this post, ArabianBusiness.com and Forbes.com. You should note that the net worth of the Billionaires is always changing due to the ever changing economic climate of the world so the net worth given for each Billionaire is an estimate only. Also remember that there are still Billionaires in the Middle East that have not as yet been discovered. 


SAUDI ARABIA:

Prince Alwaleed bin Talal Al Saud, $21.3 Bil

King Abdullah bin Abdulaziz Al Saud, $18 Bil

Mohamed Al Jaber, $12.75 Bil

Olayan Family, $12.4 Bil

Issam Alzahid, $10.7 Bil

Mohammed Al Amoudi, $10.4 Bil

Bin Ladin Family, $7.25 Bil

Bugshan Family, $7 Bil

Al Juffali Family, $6.2 Bil

Tareq Abdullah Al Qahtani, $6.1 Bil

Sulaiman Al Rajhi, $5.95 Bil

Mohamed Abdul Latif Jameel, $5.3 Bil

Mubarak Al Suwaiket, $5 Bil

Naghi Family, $5 Bil

Abdullah Al Rushaid, $4.6 Bil

Mohammed Sharbatly, $4 Bil

Mohammad Jamjoom, $3.8 Bil

Abdullatif Al Fozan, $3.45 Bil

Abdullah Al Othaim, $3.35 Bil

Ahmed Baeshen, $3.3 Bil

Adel Aujan, $3.25 Bil

Saedan Family, $3.10 Bil

Abdulaziz Al Sulaiman, $3 Bil

Hussein Gazzaz, $2.8 Bil

Osama Abudawood, $2.75 Bil

Mohammed Elkhereiji, $2.6 Bil

Mansour Ojjey, $2.6 Bil

Al Zamil Family, $2.4 Bil



KUWAIT:

Bukhamseen Family, $7.25 Bil

Faisal Al Ayyar, $3.25 Bil

Bassam Alghanim, $1.6 Bil

Kutayba Alghanim, $1.6 Bil

Fawzi Al-Kharafi, $1.2 Bil

Jassim Al-Kharafi, $1.2 Bil

Mohannad Al-Kharafi, $1.2 Bil



EGYPT:

Nassef Sawiris, $5.1 Bil

Naguib Sawiris, $3.1 Bil

Onsi Sawiris, $2.9 Bil

Mohammed Shafik Gabr, $2 Bil

Mohamed Mansour, $1.7 Bil

Yasseen Mansour, $1.6 Bil

Youssef Mansour, $1.5 Bil

Mohamed Al Fayed, $1.3 Bil



UAE:

Sheikh Khailfa bin Zayed Al Nahayan, $15 Bil

Abdulaziz Al Ghurair, $6.1 Bil

Majid Al Futtaim, $5.8 Bil

Abdullah Al Futtaim, $5.2 Bil

Sheikh Mohammed bin Rashid Al Maktoum, $4.5 Bil

Gargash Family, $3.9 Bil

Saif Al Ghurair, $2 Bil



LEBANON:

Saad Hariri, $3.8 Bil

Bahaa Hariri, $3.35 Bil

Ayman Hariri, $3.15 Bil

Najib Mikati, $3Bil

Taha Mikati, $3Bil

Fahd Hariri, $1.4 Bil



QATAR:

Omar Hamad Almana, $4.5 Bil

Alfardan Family, $3.42 Bil

Al Darwish Family, $2.55 Bil

Sheikh Hamad bin Khalifa Al Thani, $2.4 Bil



PALESTINE:

Said Khoury, $6.5 Bil

Mohammad Abu Ghazaleh, $2.4 Bil



BAHRAIN:

Kanoo Family, $6 Bil



JORDAN:

Shoman Family, $4.2 Bil



SYRIA:

Wafic Said, $2.7 Bil



++ OTHERS WHO PROBABLY BELONG ON THE LIST:

Al Sabah Family / Kuwait / estimate range: $350 Mil - $100 Bil

Al Habtoor Family / UAE / estimate range: $1.3 Bil - $2 Bil

Khashoggi Family / Saudi Arabia / estimate range: $500 Mil - $1.3 Bil

Sultan Qaboos bin Said / Oman / estimate range: $700 Mil - $1 Bil

~ Note that the estimates for the above 4 come from a variety of sources and I don't know how accurate they are. For example, the Al Sabah Family of Kuwait has a huge range of between $350 Mil and some sources say their wealth is as high as $90-$100 Bil.


++ IRAN AND IRAQ:

I could find no evidence of there being any Billionaires in Iran or Iraq, but of course there could be some whose wealth is hidden. There are however a number of expat Iranian and Iraqi Billionaires including Nasser Khalili(Iran) and Nadhmi Auchi(Iraq).


++ CARLOS SLIM HELU:

Currently he is the richest man in the world with an estimated net worth of $73 Bil. Both of Mr. Helu's parents are Lebanese however Mr. Helu was born in Mexico, not Lebanon. Therefore he is not considered a Billionaire of the Middle East.

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