In seventh place is the Emirati al-Ghurair family, whose business is run by Abdulaziz al-Ghurair. The owners of the Saudi Zamil Holding Group close the ranking. According to Forbes, Sheikh Rashid has an estimated net worth of $4 Billion and still counting over the year throughout the passage of time. 2. Daily News Egypt April 13, 2017 To honor his service, Saudi Arabia started a construction project to erect a city that would be named after him, prior to his passing. Joseph Safra from Lebanon, whose fortune reached $17.3 billion (Dh63.49 billion) this year, is the second richest Arab in the world. Majid Al Futtaim is the Emirati billionaire and the owner of the Al Futtaim holding that owned and operated in the retail, leisure, shopping malls in the North Africa and in the Middle East. – Sheikh Zayid bin Sultan al-Nahyan The ruling family of the United Arab Emirates as well as Abu Dhabi, the Al Nahyan family is the wealthiest family among the Emirate states. Egyptian Nassef Sawiris is the Arab world's richest man. Prince Alwaleed of Saudi Arabia saw his net worth fall by more than 20%, but he remains the wealthiest Arab. In 1967, the Al Ghurair family founded Mashreq - which is now the leading bank in the United Arab Emirates. Prince Alwaleed also launched Al Arab which is the news channels in Arab-language in Bahrain, but unfortunately it was shut down just after one day of its inauguration because of the licensing problem. Who are the richest Arabs in the UK? View the full list of the Arab world’s richest families rankings here. A 2012 Harvard Business Review study showed that during an economic downturn, they outperform non-family businesses. Historically, the Al Nahyan Family and Al Maktoum Family are linked by ancestral roots to the Bani Yas tribe. The Richest Royal Family in the World, by definition, is the richest and most powerful family in the world. Being the Prime Minister of the United Arab Emirates and also being the Emir Sheikh of Dubai, King Mohammed bin Rashid al Maktoum stands at the 5 th ranking of Top 8 royals in the world.. They provide jobs and stability. The net worth of Majid Al-Futtaim and his family was reduced by $1.8 billion, or 35 per cent. PHOTO/ATALAYAR In the case of closely-held Olayan Group, we valued only publicly-traded holdings. Their total wealth declined by 19.4% from 2019 to 2020. This unimaginable wealth extends among the approximately 15,000 members of the vast family. To value private assets, we applied comparable price-to-sales ratios to revenues. Hassanal Bolkiah – Net worth: $20 billion. The following are the owners of Al-Futtaim Group, which owns 100% of Arab Orient Insurance Company and 50% of Emirates Investment Bank, in addition to several investments in automobile, real estate and construction material companies. 15 Richest People Living In Dubai Right Now. The United Arab Emirates (UAE) is one of the wealthiest countries in the Middle East, sometimes called the "Gulf Tiger. Egyptian Nassef Sawiris is again the world’s richest Arab, with $5 billion. He is followed by Majid al-Futtaim and his family, which controls the Al-Futtaim Group, and a Toyota subsidiary in the United Arab Emirates. View this Person. Sheikh Khalifa has an estimated net worth of between $15-$23 billion. Sulaiman Al Rajhi. Saudi Arabia again tops the rich list, with 12 of the 15 richest families. Welcome, join me let’s take a look at the richest royal families of the world in 2021. The cup of Starbucks coffee you sip in Istanbul or Amman is courtesy of the Alshaya family. Dubai is one of the most progressive cities in the world. Nassef Sawiris; Net Worth: $6.4 Billion. Saudi Arabia again tops the rich list, with 12 of the 15 richest families. By Sounak Mukhopadhyay Apr 30, 2017. Saudi Arabia, ranked 30th, is the only other country from the Arab world listed among the top 30 countries with 10 billionaires in 2019. © 2021 Forbes Middle East. Egyptian Nassef Sawiris has become the richest man in the Arab world for the second year in a row, with a wealth of $5 billion. richest arab families Money . 5 in the list of top 10 richest people of Saudi Arabia. He has made great wealth through business involvement typically by setting up a number of ventures spanning across agribusiness, mining, development, and oil. Rank # 6. Mohammed Mansour was the year’s biggest gainer in absolute terms, gaining $1 billion. Top 10 Richest Families in Pakistan: As you know that in Pakistan, There is A lots of Rich Families, But today i am going to share with you guys Top 10 Richest Families in Pakistan, Here is the List of Top 10 richest Families of Pakistan by their Estimated net Worth. Members of the Al-Kharafi and Alhokair families, who were no longer individual billionaires, made it on the family list. The Kuwait al-Ghanim industries holders are in eighth place. Surprisingly, the British monarchy is not even in the top 10. Prince Alwaleed of Saudi Arabia saw his net worth fall by more than 20%, but he remains the wealthiest Arab. Because she is always covered up, her beauty is seldom revealed, but some photos of … There are, of course, plenty of reasons for the drop, and there have been precious few safe havens over the course of the last year. The world has 45 Arab billionaires with more personal wealth than the combined yearly budgets of the 11 poorest Arab countries, according to a yearly list of the wealthiest people. With the estimated net worth of $6.4 billion, Nassef Sawiris is currently the richest Egyptian. This is a list of richest royals, as estimated by the CEOWORLD magazine in 2019 and Business Insider in 2018, by their personal net worth, excluding properties held by … In 2019 he owned a fortune of $6.4 billion. Prince Alwaleed estimated net worth is US $ 22.6 billion and he is ranked first in the list of top 10 richest people of Kingdom of Saudi Arabia. The families in the Gulf who dominate the region’s boardrooms have been revealed and ranked for the first time, UAE-based banking group The National Investor (TNI) said on Monday. Plummeting oil prices, shaky stock markets and a stronger dollar wreaked havoc on fortunes. In the Arab world, aggregate net worth was down $29.9 billion from one year ago to a recent $95.5 billion. Top 10 Richest Arab Families in the World. He has always been on the front line whenever it comes to the top richest Arabs in the World. In fact, nine out of the 15 families have made a fortune owning licensing rights to foreign brands, mostly American. Prince Alwaleed Bin Talal ($18.7 Billion) Prince Alwaleed Bin Talal is an investor, philanthropist and a businessman based in Saudi Arabia. The list goes on to rank other Arabs including Issad Rebrab & family at number 11, with a $3.1 billion wealth, Mohamed Mansour at number 12 with a $2.7 billion wealth, and Najib Mikati and his brother Taha Mikati at number 13, whose wealth is estimated at $2.6 billion respectively. Here is the list of the richest people in UAE and their source of income. He ruled from 2005. Category: Information . The total wealth of the world’s richest Arabs stands at $76.7 billion. These Family are very Acclaimed in Pakistan and Also all around the World due to Their Growing Business. 2. Revealed: The 50 World's Richest Arabs 2016. Hamas, fifteen years after an election victory that it will try to repeat this year, IMF upgrades economic growth forecast for Latin America. He is also known for his Charity donations which he gifts to … Arab billionaires, like those in the rest of the world, have been affected by the economic crisis triggered by the pandemic and have lost some of their wealth. His net worth grew by 43.4% to 3.3 billion. Saudi billionaires. Apart from running Orascom Construction Industries (OCI), one of the world's largest nitrogen fertilizer producers, Sawiris has stakes in Adidas and LafargeHolcim. Richest Arabs: Youngest billionaire, wealthiest family… Five new billionaires were added to the list of richest Arabs last year, including Hussain Sajwani and Abdul Wahid Al Rostamani from the UAE, Sheikh Faisal Bin Qassim Al Thani of Qatar, and Suhail Bahwan and Mohammed Saud Bahwan of Oman. Hamdan is popularly known as Fazza, which means, 'the one who helps.' All Rights Reserved. Five new billionaires were added to the list of richest Arabs last year, including Hussain Sajwani and Abdul Wahid Al Rostamani from the UAE, Sheikh … The Ambani family dominates the list of the wealthiest families in Asia, with a total of $ 76 billion through Reliance Industries, the empire that Dhirubhai Ambani founded in 1957 and left it to his two sons, Mukesh and Anil. 1. Out of a total of 32 billionaires, 12 tumbled off the list. The 10 richest Arab families in the world in 2020 are worth 31 billion dollars, according to the list drawn up each year by Forbes magazine. Families are pillars of the economy in the Arab world. View the full list of 2016 Arab billionaires rankings here. It is estimated to be by far the richest royal family in the world, with a staggering net worth of $ 1.7 trillion. Other comprehensive lists are published by Arabian Business. A 21.9% drop from $6.4 billion last year. Egyptian Nassef Sawiris has become the richest man in the Arab world for the second year in a row, with a wealth of $5 billion. First off, we will portray a list of the royals and then give a brief description of the families and their businesses like (richest celebrities). This year's list of richest Arabs is still led by Saudi Arabia's Prince Al Waleed Bin Talal Al Saud with an estimated fortune of $22.6 billion (Dh82.94 billion). 10 Abdullah bin Ahmad Al Ghurair & Family, UAE: $3.1 Billion Banking started out as the main source of wealth for this family. The World's Richest Arabs 2018 Falling fortunes or political headwinds, meanwhile, pushed 121 people out of the illustrious list, including all 10 Saudi Arabians, the magazine said. The 20 Richest Families In Asia Own $ 463 Billion . and Lebanon with 7 entries each, have the highest number of billionaires, followed by Egypt with 6 billionaires. The second richest royal is the Sultan of Brunei, Hassanal Bolkiah. Source: Forbes. These billionaires have provided jobs and played key roles in the development of their country. He has positioned himself as the fourth richest Arab. The cut-off is $1 billion. The first president of UAE saw the potential of the oil reserves and used the revenue to develop healthcare and education. The sixth are the owners of the Abdul Latif Jameel Saudi Group. The timing couldn’t be better. Arab billionaires’ total wealth declined 19.4% from a total of $58.7 billion to $47.3 billion, dropping by $11.4 billion—more than the wealth of the two richest people in the Arab world combined. Out of a total of 32 billionaires, 12 tumbled off the list. The authors, Nicolas Kachaner, George Stalk, Jr., and Alain Bloch said “they forgo the excess returns available during good times in order to increase their odds of survival during bad times.” View the full list of 2016 Arab billionaires rankings here. Ten years after the Arab Spring: How did they catch and how far have they gone? He also trains about 100 horses in his stud farm near Riyadh. We will be focusing on the details of the richest king in the world and the richest royal family in the world. Despite this spectacular figure, Sawiris has suffered a loss of wealth of 21.9% this year as a result of the coronavirus. Take a peek down below: 8. Things have not gone so badly for Mohammed Mansour, who has gained the most in absolute terms. Although he’s a native of India, FORBES ranks P.N.C. He is also the chairman of Al Baraka bank, which operates in Islamic terms in Indonesia, Pakistan and the throughout the Middle East. Saudi Arabia's $776 billion GDP puts it in the top 10 percentile of world nation's gross domestic products. Third on the list are the owners of the Olayan Group, the largest group of Saudi companies with stakes in Credit Suisse Bank and Saudi British Bank. The seven Emirates within this fascinating country are: Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ras-al-Khaimah, and Umm Al Quwain. The U.A.E. Menon as an Omani national, since he’s a citizen of that country. In 2019 he owned a fortune of $6.4 billion. There are many rich individuals in the Arab Communities but those that made our list are those listed on the Forbes List. Top 10 Richest Arab Families in the World. Forbes Middle East - The ARAB BILLIONAIRES / RICHEST ARAB FAMILIES Published on March 7, 2017 March 7, 2017 • 18 Likes • 4 Comments Also known as Rama IX, the 87-year-old is the ninth monarch of the Chakri Dynasty. Of all the rich Dubai families, HH Sheikh Hamdan bin Mohammed belongs to the most powerful. In most of the Arab nations, members of the Gulf Royal Houses use the terms sheikh and sheikha, so many royals make the list of richest sheikhs. In the beginning, some families were more wealthy than others, but with time it has become a much more complex situation. 1. View of Dubai at night. For Mediterranean and Atlantic leaders, it wants to be the bridge of communication, information and understanding between cultures. Prince Sultan bin Mohammed bin Saud Al Kabeer $3.8 billion His publicly traded Almarai dairy company is among the largest in the Middle East. Other Emirati billionaires: Source: Forbes. Arab billionaires, like those in the rest of the world, have been affected by the economic crisis triggered by the pandemic and have lost some of their wealth. Welcome to the 12th edition of the Arabian Business Rich List, our annual countdown of the 50 wealthiest Arabs. The richest person in Idaho may be health products entrepreneur Frank VanderSloot, who has a net worth of $3.5 billion, but the wealthiest family is the Simplot clan. Forbes revealed the Arab billionaires as part of the 2018 Forbes Global Billionaires ranking. The families on our list may not be household names (and many prefer to keep it that way), but if you drive a Toyota in Saudi Arabia, it came from the Jameel family, one of the biggest Toyota dealers in the world. Dubai has constantly produced millionaires and billionaires over the years, thanks to its perfect location for the shipping sector. (10 Richest Arab Families) Prince Sultan Bin Mohammed Bin Saud Al Kabeer belongs to a royal family of Saudi Arabia and is one of the richest monarchs belonging to the richest Saudi families. Albert II, Prince of Monaco Net Worth DURBAN - As Prince Harry and Meghan Markle get set to walk down the aisle, we look at the richest royal families in the world. 2. Nine out of the 15 families in the list made a fortune owning licensing rights to foreign brands, mostly American, says Forbes ME. The ninth place is for the Al-Ghurais Emirati Group, managed by Abdul Rhaman Sauf al-Ghurair and his family. His net worth … Richest Families. Tourism has acted as a major source of income for UAE. Princess Fathima Kulsum Zohar Godabari was once a royal princess, but now officially a queen of Saudi Arabia. Of all Arab countries, the UAE has the highest number of billionaires from one country (7), followed by Egypt (6) and Lebanon (6). He is one of the richest Saudis heading an Almarai, a dairy company having Holstein cows. Richest Arab countries: Arabian countries are at least in the top 50 list of the world’s largest producers of oil and natural gas. Most have been around for decades, playing key roles in the development of their country. Al-Araby al-Jadeed takes a look at some of the wealthiest Arab people or families in the United Kingdom: Mohamed Bin Issa Al Jaber and family Wealth: £5,935m The group owns the GM company and has investments in technology companies such as Spotify and Uber. Their total wealth declined by 19.4% from 2019 to 2020. In addition to the official royal expenses that are paid by taxes like Queen Elizabeth, there are some of the richest royal families who manage their personal assets and maintain their property, and the Arab royal family has a vast estate in addition to oil money and has raised land income. The list is headed by the owners of the Egyptian group Mansour, which has three family members on the Forbes list for 2020. London At Dusk With The London Eye, Jubilee Bridge And Houses Of Parliament [Getty] Date of publication: 29 April, 2015 Share this page: 0 twitter; Follow @The_NewArab Al-Araby al-Jadeed takes a look at some of the wealthiest Arab individuals and families living in the Britain.  -   Forbes Middle East unveiled in its April issue its 2017 rankings of the richest Arabs and the Arab world’s richest families. This past year wasn’t kind to billionaires all over the world. Almost all the countries other than the famous two like Kuwait and Qatar are also quite popular for being the countries with the highest value for their currency. Top 10 Richest Men in Egypt 2020. The company they control closed 2019 with significant losses. In fifth place are the owners of the Rashid Group, Abdul Rahman al-Rashid and Sons Saudi. Richest hasn’t been something easy to acquire and accrue, not to talk of making the global record of the world richest family 2020. King Salman alone has 13 children and many of his family members have their own numerous families. In the Arab world, aggregate net worth was down $29.9 billion from one year ago to a recent $95.5 billion. The richest king in the world, Bhumibol Adulyadej (pictured) is adored in his home country. Net worths are estimates as of February 12, 2016 for individual billionaires (unless otherwise stated) and March 8, 2016 for the families, where several relatives own shares in the same holding, but division of ownership is not known. Richest Families Families remain pillars of Arab economies, providing jobs and stability. Richest Arab countries: Arabian countries are at least in the top 50 list of the world’s largest producers of oil and natural gas. Geographic breakdown of richest Arabs in 2019 . Richest People in Switzerland; UAE has the seventh largest oil reserve in the whole world. The 31 mega-wealthy Arab business tycoons have a combined estimated net worth of $76.7 billion. Egyptian billionaire Nassef Sawiris with a net worth of $6.6 billion is the world’s richest Arab, as Prince Al Waleed Bin Talal was excluded from the list. View the full list of the Arab world’s richest families rankings here. 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