Forbes unveils list of 31 richest Arabs in the world

Egyptian, Nassef Sawiris, tops the list with an estimated net worth of $6.6 billion.

Forbes Middle East is uncovering the Arab billionaires that have been revealed in the 2018 Forbes US Global Billionaires ranking. The 31 mega-wealthy Arab business tycoons have a combined estimated net worth of $76.7 billion.

Construction and chemical tycoon, Nassef Sawiris, tops the list with an estimated net worth of $6.6 billion. He is followed by three Emirati business moguls-Abdullah Al Ghurair, Majid Al Futtaim and Hussain Sajwani, with an estimated net worth of $5.9 billion, $4.6 billion and $4.1 billion respectively.

None of the previous year’s Saudi billionaires made it to this year’s rankings.

As a result, the total wealth of Arab billionaires has fallen from $123.4 billion to $76.7 billion, and 11 have dropped off the charts: last year there were 42; today there are 31.

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The World’s Richest Arabs 2018

NameNet WorthSourceCountry of Citizenship
Nassef Sawiris$6.6 billionconstruction, chemicalsEgypt
Abdulla Bin Ahmad Al Ghurair$5.9 billiondiversifiedUAE
Majid Al Futtaim$4.6 billionreal estate, retailUAE
Hussain Sajwani$4.1 billionreal estateUAE
Issad Rebrab$4 billionfoodAlgeria
Naguib Sawiris$4 billiontelecomEgypt
Suhail Bahwan$3.9 billiondiversifiedOman
Abdulla Al Futtaim$3.3 billionauto dealers, investmentsUAE
Taha Mikati$2.8 billiontelecomLebanon
Mohamed Mansour$2.7 billiondiversifiedEgypt
Najib Mikati$2.7 billiontelecomLebanon
Saeed Bin Butti Al Qebaisi$2.7 billionhospitals, investmentsUAE
Aziz Akhannouch$2.2 billionpetroleum, diversifiedMorocco
Bahaa Hariri$2.1 billionreal estate, investments, logisticsLebanon
Yasseen Mansour$1.9 billiondiversifiedEgypt
Saif Al Ghurair$1.9 billiondiversifiedUAE
Mohamed Al Fayed$1.6 billionretail, investmentsEgypt
Robert Mouawad$1.6 billionfine jewelryLebanon
Othman Benjelloun$1.6 billionbanking, insuranceMorocco
Saad Hariri$1.5 billionconstruction, investmentsLebanon
Faisal Bin Qassim Al Thani$1.6 billionhotels, diversifiedQatar
P.N.C. Menon$1.5 billionreal estateOman
Khalifa Bin Butti Al Muhairi$1.5 billionhospitals, investmentsUAE
Youssef Mansour$1.4 billiondiversifiedEgypt
Bassam Alghanim$1.4 billiondiversifiedKuwait
Kutayba Alghanim$1.4 billiondiversifiedKuwait
Ayman Hariri$1.3 billionconstruction, investmentsLebanon
Fahd Hariri$1.3 billionconstruction, investmentsLebanon
Fawzi Al-Kharafi$1.2 billiondiversifiedKuwait
Mohannad Al-Kharafi$1.2 billiondiversifiedKuwait
Hamad bin Jassim bin Jaber Al Thani$1.2 billioninvestmentsQatar
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Source Credit: Khaleej Times