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8 Arabs named among world’s richest people

8 Arabs named among world’s richest people

Mubasher: The world's top 500 billionaires included eight Arabs, of which four are from Saudi Arabia, two from Egypt, and two from the UAE, according to the Bloomberg Billionaires Index.

Saudis topped the billionaires' list as Prince Alwaleed bin Talal came in the first and 56th globally with a total net worth of $14.5 billion, down by $57 million compared to his wealth held in 2017.

Saudi energy mogul Mohammed Al-Amoudi ranked second among the richest Arabs and 157th internationally with a total net worth of $8.26 billion, down by $23.4 million from 2017.



Mohamed Al Jaber, founder of MBI International & Partners, ranked 190th globally after his total net worth surged by $34.5 million to $7.19 billion, while Saudi businessman and Almarai founder and chairman Sultan Al Kabeer ranked 312th internationally with an increase in total net worth by $12.19 million to $4.95 billion.

Meanwhile, the UAE’s billionaires included Majid Al Futtaim at the 273rd place with a total net worth of about $5.47 billion, up $24.8 million from 2017, while Abdullah Al Ghurair ranked in the 359th position with a total net worth of $4.46 billion, down $1.3 million from 2017.

Egyptian businessmen and brothers Nassef Sawiris and Naguib Sawiris ranked the 243rd and 321st globally with a total net worth of $5.93 billion and $4.73 billion, respectively, according to the index.

Globally, Amazon founder Jeff Bezos and Microsoft founder Bill Gates topped the world’s richest with net worths of  $128 billion and $90.4 billion, respectively, while Berkshire Hathaway chairman and CEO Warren Buffett, Louis Vuitton chairman and CEO Bernard Arnault, and Inditex founder Amancio Ortega ranked third to fifth with net worths of $83.3 billion, $67.5 billion, and $58.1 billion, respectively.