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8 richest Arab billionaires and their net worths

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1. Prince Alwaleed bin Talal Al Saud

He is a Saudi Arabian businessman, investor and a member of the Saudi royal family. A prolific investor with stakes in companies like Lyft and Snapchat, was the richest Arab on the list with a fortune of $14.7 billion. He is the founder of Kingdom Holding, a Riyadh-based conglomerate with investments in hotel chains, real estate and stocks.

2. Mohammed al-Amoudi

Second on the list is Saudi-Ethiopian billionaire valued at $8.66 billion, who runs a handful of businesses ranging from construction to energy through his two holdings, Corral Petroleum Holdings and Mohammed International Development Research and Organization (MIDROC).

3. Mohamed al-Jaber

He is an Arab businessman and philanthropist valued at $7.19 billion, owns a string of luxury and budget hotels in Europe and Egypt. He’s also the founder of Europe’s largest Middle East research institute, London Middle East Institute (LMEI) at SOAS.

4. Nassef Sawiri

He is an Egyptian billionaire businessman valued at $6.86 billion, runs a construction business based out of Egypt and is most well-known for buying out English Premier League team Aston Villa last year.

5. Majid Al Futtaim

He is an Emirati billionaire businessman, the founder, owner and president of the Majid Al Futtaim Group. He is the United Arab Emirates’ richest businessman with a fortune of $6.61 billion, runs a namesake company that has real estate and retail arms. It owns the country’s largest insurance firm and holds the franchise rights to operate IKEA stores in UAE, Egypt and Oman.

6. Sultan Al Kabeer

He is a member of House of Saud and a businessman, the billionaire founder of dairy giant Almarai, might be able to give you an answer. The businessman, valued at $5.43 billion, owns a significant stake in the firm and other companies in the Gulf.

READ  Jimoh Ibrahim's net worth

7. MA Yusuff Ali

 He is a UAE based Indian billionaire, businessman and Padma Shri award winner from Nattika, Thrissur district, Kerala. He is the chairman and managing director of the Lulu Hypermarket chain, which has a large number of stores in the Gulf region. With a personal fortune of $5.34 billion, he is the richest Indian in the United Arab Emirates.

8. Naguib Sawiris

 He is an Egyptian billionaire businessman. Sawiris is chairman of Weather Investments’s parent company, and chairman of Orascom Telecom Media and Technology Holding S.A.E. He has a net worth of $5.17 billion.

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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