Egypt has landed in second place the World’s Richest Arabs list made by Forbes Middle East, contributing 15 names. The first spot went to the Kingdom of Saudi Arabia, which had 39 names on the list, while third went to the United Arab Emirates, which had 14.
Forbes' Middle East list is out and Egypt, yes Egypt, is leading
Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list with a total worth of $6.7bn.
Business mogul Mohamed Mansour was the second Egyptian and the ninth on the list with $3.1bn. Naguib Sawiris was the third Egyptian and the 13th on the list with $2.8bn while his father Onsi Sawiris followed, coming in the 18th place with $2.4bn.
Business tycoons Youssef Mansour, Mohamed Al-Fayed and Yassen Mansour followed on the list, ranking 21st, 26th and 30th with a total worth of $2.3bn, $1.9bn and $1.8bn respectively. Samih Sawiris, Nassef and Naguib Sawiris’s brother, ranked 35th on the list.
According to Forbes Middle East’s list, the total worth of the Egyptian Sawiris family is $13.2bn.
Automotive businessmen also made the list and included Ahmed, Sadek and Mohamed Al Sewedy along with Raouf Ghabbour.
Saudi Prince Al-Waleed bin Talal Al-Saud topped the 100 World’s Richest 100 Arabs list with a net worth of $20bn, followed by Lebanese-Brazilian banking tycoon Joseph Safra, who is worth $16bn, and Saudi businessman Mohameed Al Amoudi, who has around $15.3bn.
The combined fortunes of the Arab’s world richest 100 registered $166.07bn, Forbes Middle East noted.
In its count, Forbes Middle East considered only publicly held shares, audited documents and official information in the public domain.
- Need some space? UAE's banking sector is getting too crowded
- Bank funding in the Middle East doesn't boil down to liquidity alone
- Why is the Israeli shekel so weak?
- What doesn't kill you, makes your stronger: why the Arab Bank is likely to emerge from the Israeli lawsuit 'unscathed with flying colors'
- Too foreign? An inside look into the struggles of foreign banks in Saudi Arabia
- Not all bad, though: Egyptian companies absent from Forbes' 20 top companies list
- How did Egypt's 16 richest businessmen get so rich?
- New list of Arab Billionaires revealed
- You probably know the first, but here are Forbes' revelations on the Arab world's top ten billionaires!
- Stakes still high for Egyptian billionaire's Telecom Italia deal