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Forbes Richest Arabs 2018

The World’s Richest Arabs List Is Out but This Year, There’s a Twist

Thirty one made the Forbes World's Richest Arabs list this year, their total wealth combined equating to $76.7 billion.

For 2018 though, something is very different. If you look closely, you'll see that there are no Saudis on the list, and it's not because there aren't any Saudi billionaires in the world. In fact, in previous years, Saudis have dominated the list but Forbes has said that, after the detainment and seizure of assets of some Saudi billionaires (a 3-month spell that began in November 2017, with the last detainees released end of January 2018 and a rumored $100 million seized in assets), they chose to leave them off.

With seven entries from UAE and Lebanon respectively, the two countries are in the lead. Egypt trails right behind with 6 billionaires.

Egyptian Nassef Sawiris, of OCI and Orascom Construction, worth $6.7 billion, is at the top of the list, taking the place of Saudi Prince Al Waleed Bin Talal.

The 31 Billionaires' businesses encompass a diverse range of industries, including; auto dealerships, real estate, retail, hospitals and investments.

Below is the complete list:

  1. Nassef Sawiris, $6.6 B, Construction, Chemicals
  2. Abdulla Bin Ahmad Al Ghurair, $5.9 B, Diversified
  3. Majid Al Futtaim, $4.6 B, Real Estate, Retail
  4. Hussain Sajwani, $4.1 B, Real Estate
  5. Issad Rebrab, $4 B, Food
  6. Naguib Sawiris, $4 B, Telecom
  7. Suhail Bahwan, $3.9 B, Diversified
  8. Abdulla Al Futtaim, $3.3 B, Auto Dealers, Investments
  9. Taha Mikati, $2.8 B, Telecom
  10. Mohamed Mansour, $2.7 B, Diversified
  11. Najib Mikati, $2.7 B, Telecom
  12. Saeed Bin Butti Al Qebaisi, $2.7 B, Hospitals, Investments
  13. Aziz Akhannouch, $2.2 B, Petroleum, Diversified
  14. Bahaa Hariri, $2.1 B, Real Estate, Investments, Logistics
  15. Yaseen Mansour, $1.9 B, Diversified
  16. Saif Al Ghurair, $1.9 B, Diversified
  17. Mohamed Al Fayed, $1.6 B, Retail, Investments
  18. Robert Mouawad, $1.6 B, Fine Jewelry
  19. Othman Benjelloum, $ 1.6 B, Banking, Insurance
  20. Saad Hariri, $1.5 B, Construction, Investments
  21. Faisal Bin Qassim Al Thani, $ 1.6 B, Hotels, Diversified
  22. P.N.C. Menon, $1.5 B, Real Estate
  23. Khalifa Bin Butti Al Muhairi, $1.5 B, Hospitals, Investments
  24. Youssef Mansour, $1.4 B, Diversified
  25. Bassam Alghanim, $1.4 B, Diversified
  26. Kutayba Alghanim, $1.4 B, Diversified
  27. Ayman Hariri, $1.3 B, Construction, Investments
  28. Fahd Hariri, $1.3 B, Construction, Investments
  29. Fawzi Al-Kharafi, $1.2 B, Diversified
  30. Mohannad Al-Kharafi, $1.2 B, Diversified
  31. Hamad bin Jassim bin Jaber Al Thani, $1.2 B, Investments
Image Source: Forbes Middle East
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