Fresh from Forbes: The Middle East's top ten billionaires

Published March 5th, 2014 - 16:20 GMT

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 Prince Al Waleed Bin Talal
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Image 1 of 10: Prince Al Waleed Bin Talal Al Saud, KSA. Ranking: 30 Net Worth: $20.4 billion. As the richest person GCC-wide, Saudi’s Alwaleed Bin Talal is starting to become an icon beyond the business world - his decision to sever ties with Forbes after it “severely underestimated” his $$$ has kept investors' tongues wagging!

Mohammed Al Amoudi
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Image 1 of 10: Mohammed Al Amoudi, KSA. Ranking: 61 Net Worth: $15.3 billion: Amoudi made his fortune from construction in KSA, and now has expanded his investments into agriculture and energy. Founder of two agriculture empires and a Lipton and Starbucks supplier, Amoudi is also the biggest individual investor in Ethiopia.

Abdulla Bin Ahamd Al Ghurair
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Image 1 of 10: Abdulla Bin Ahamd Al Ghurair & Family, UAE. Ranking: 305 Net Worth: $4.8 billion : Emirati Brothers Abdulla and Saif bring double the dividends and dirhams for their family’s “diversified” business portfolio (see billionaire no.7). With most of their wealth coming from their lucrative Mashreqbank, these Emiratis have bright futures ahead!

Majid Al Futtaim
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Image 1 of 10: Majid Al Futtaim, UAE. Ranking 328 Net Worth: $4.5 billion: The father of MENA Carrefour and the daddy of Dubai’s malls is the 4th richest Arab on Forbes 2014 list. Making his initial fortune from real estate and retail, Majid continues to rake in the profits through his holding company, the “most transparent conglomerate in the UAE.”

Prince Sultan bin Mohammed bin Saud Al Kabeer
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Image 1 of 10: Prince Sultan bin Mohammed Bin Saud Al Kabeer, KSA. Ranking: 446 Net Worth: $3.5 billion: Al Kabeer is not only royalty, he's the founder of the high-earning and regionally popular dairy co. Almarai. Al Kabeer ranked in at number 446 on the Forbes list, with a self-made net worth of a cool $3.5 billion. Must be all that dairy delight!

Mohammed Al Issa
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Image 1 of 10: Mohammed Al Issa, KSA. Ranking: 520 Net worth: $3.1 billion: Self-made billionaire Al Issa must be proud to rank in at number 520 on Forbes’ 2014 list. He’s one of the biggest investors in the Saudi stock market, using his wealth of $3+ billion to take major stakes in Riyad Bank, Saudi Hotels & Resorts Co., and Savola Group.

Saif Al Ghurair
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Image 1 of 10: Saif Al Ghurair & Family, UAE. Ranking: 609 Net Worth: $2.8 billion: A diversified family business with interests in steel, banking and plastics for food packaging have put Ghurair & Family in the money hotspot with an estimated wealth of nearly $3 billion. Six of Saif’s sons work for the group - they like to keep money in the family!

Abdulla Al-Futtaim
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Image 1 of 10: Abdulla Al-Futtaim, UAE. Ranking: 687 Net worth: $2.5 billion: Al Futtaim’s Group has got a thumb in some big pies across the Middle East: he's the exclusive distributor of Toyota and Honda vehicles in the UAE, and Toyotas in Egypt. The group also owns the franchises of Ikea, Toys “R” Us and Marks & Spencer...he also owns Dubai Festival City.

sulaiman Al Rajhi
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Image 1 of 10: Abdullah Al Rajhi, KSA. Ranking: 731 Net worth: $2.4 billion: Al Rajhi made his bucks from his co-ownership of Al Rajhi Bank. Formed with his brothers Sulaiman, Mohammed and Saleh over 50 years ago, it's now considered the world’s largest Islamic bank. He also has stakes in Islamic powerhouse Al Baraka Banking, and several agriculture companies.

Saleh Kamel
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Image 1 of 10: Saleh Kamel, KSA. Ranking: 731 Net worth: $2.4 billion: Another self-made billioner, Kamel's conglomerate Dallah Albaraka has gained him a major fortune. His business interests lie in Islamic banking, real estate, food production and health. At 72, Kamel still works! He's the acting chairman of Al Baraka group of Islamic banks.

Forbes Business Magazine released their famous billionaires list this week for 2014, featuring a total of 1,645 billionaires with a collective net worth of $6.4 trillion! Try to wrap your humble heads around that figure!

U.S. billionaire Bill Gates “bought out” the competition earning the top spot on the famous list with a net worth of $76 billion, up a whopping $9 billion from last year.

While the U.S. might have led the way with Gates’ fortune, MENA representation on the list was not so far behind. A total of 18 billionaires made the cash-cut, with 10 represented in the top 45 percent! 

If that does not surprise you, perhaps this figure will: These Arab billionaires from Saudi Arabia, Oman, Kuwait and the UAE have a combined net worth of...$72.3 billion! Enough to purchase What’s App a few times over, with change to spare for a peace-treaty or two for the war torn region?

Wondering how they have managed to make all their moola? Take a look at this Slideshow that features the top 10 Arab billionaires according to this year’s Forbes Billionaire’s list.

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