The Arab world is home to some of the wealthiest individuals on the planet. With vast oil reserves and lucrative business ventures, these individuals have amassed significant fortunes that put them among the richest people in the world. In this article, we’ll take a look at the 5 wealthiest Arabs in the world and their net worths.
- Alwaleed bin Talal Al Saud – $18.4 billion
Alwaleed bin Talal Al Saud is a member of the Saudi royal family and founder of the investment firm Kingdom Holding Company. With investments in companies such as Twitter, Citigroup, and Apple, Alwaleed has amassed a net worth of $18.4 billion, making him the wealthiest Arab in the world. He is also known for his philanthropic efforts, donating billions of dollars to causes such as disaster relief, education, and health care.
- Mohammed bin Salman Al Saud – $10 billion
Mohammed bin Salman Al Saud, also known as MBS, is the Crown Prince of Saudi Arabia and the son of King Salman. He is also the chairman of the Saudi Arabian Oil Company, or Aramco, which is one of the most valuable companies in the world. With a net worth of $10 billion, MBS is the second wealthiest Arab in the world. He has been instrumental in Saudi Arabia’s economic reforms and has initiated several ambitious projects, including the development of a new city, Neom, which aims to be a hub for technology and innovation.
- Aziz Al Ghurair – $6.4 billion
Aziz Al Ghurair is the founder of the Dubai-based conglomerate Al Ghurair Group, which has interests in industries such as real estate, banking, and manufacturing. With a net worth of $6.4 billion, Al Ghurair is the third wealthiest Arab in the world. He is also known for his philanthropy, donating millions of dollars to causes such as education and health care.
- Abdulla bin Ahmad Al Ghurair – $4.8 billion
Abdulla bin Ahmad Al Ghurair is the founder of the Dubai-based conglomerate Mashreqbank and a member of the Al Ghurair family. With a net worth of $4.8 billion, he is the fourth wealthiest Arab in the world. In addition to his business ventures, Al Ghurair is also known for his philanthropy, particularly in the area of education. He has established the Abdulla Al Ghurair Foundation for Education, which provides scholarships and educational opportunities to young people in the Arab world.
- Nassef Sawiris – $4.7 billion
Nassef Sawiris is the CEO of the Egyptian construction and chemical company, Orascom Construction Industries, and also owns a significant stake in the multinational building materials company, LafargeHolcim. With a net worth of $4.7 billion, he is the fifth wealthiest Arab in the world. Sawiris is also known for his philanthropy, particularly in the area of education. He has established the Sawiris Foundation for Social Development, which supports a range of social and educational initiatives in Egypt and beyond.
In conclusion, the Arab world is home to some of the wealthiest individuals in the world. These individuals have amassed significant fortunes through their business ventures and investments, and many of them are also known for their philanthropic efforts. The individuals on this list represent just a small fraction of the wealth that exists in the Arab world, but they serve as a reminder of the economic power and influence that this region possesses.