Who said they only come from the Gulf? Meet the Jordanian billionaire who just jumped up the Forbes List
Jordanian businessman Ziad Manasir was recently listed among the world’s top billionaires by Forbes Magazine.
Manasir, owner of Manasir Group in Jordan and Stroygazconsulting construction firm in Russia, came in 589th on the list, which included the 1,342 richest people on the planet.
The 48-year-old advanced by 12 spots on the list from 601st place the year before, Forbes said on its website.
Manasir’s fortune was estimated at $2.5 billion. He ranked 12th among Arab billionaires.
According to information published by Forbes on Manasir, his construction firm Stroygazconsulting has close ties with Russia’s state-owned gas producer Gazprom.
In 2012 it put into operation the Portovaya pumping station, which sends gas through the Nord Stream pipeline system. The company had sales of more than $11 billion during the year.
Manasir was born in Jordan, went to Russia as an exchange student and attended the Azerbaijan Oil and Chemistry Institute, Forbes said, adding that as a student, he began buying and selling computers and cars, and he later moved on to trade in yellow phosphorus, timber and oil products.
In the mid-1990s he bought a construction factory in Tyumen and started building residences for Gazprom workers there.
Other major clients of Stroygazconsulting, besides the gas monopoly, include Rosavtodor, a federal agency behind road construction in Russia.
Regionally, the Saudi prince was followed by his fellow countrymen Mohammed Al Amoudi, with a fortune of $13.5 billion, Mohamed Bin Issa Al Jaber ($7 billion) and Sulaiman Al Rajhi and family, with $6 billion.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue
- Not all bad, though: Egyptian companies absent from Forbes' 20 top companies list
- Blame Russia, not Jordan: ranking of Jordanian billionaire, Manasir, falls sharply on Forbes
- Mansour bin Zayed new entrant to 2009 Arab billionaire list as UAE ranks second with combined billionaire wealth of USD 21.4 billion
- Who are the world’s top self-made billionaires?
- A right royal showdown: Pince Alwaleed bin Talal hits out at Forbes rich list results