Sunday, 19 December 2010

The Arab Rich List 2010: Saudis dominate as total list fortunes rise 18% to $245bn

The business magazine Arabian Business has collated this year’s list of the wealthiest Arabs. At the top end, it’s perhaps no surprise that HRH Prince Alwaleed of Saudi Arabia’s Kingdom Holding (المملكة القابضة) is once again on top with a staggering $20.4bn. The mogul also owns the entertainment giants Rotana and LBC. Although a member of the Saudi royal family, Prince Alwaleed is said to have made his fortune completely without the help of oil money.

The biggest gainers in this year’s Rich List are the Saudi Olayan family, who have added $5bn in the last 12 months alone with smart investments in banking and finance despite the global economic downturn. The family gained 5 places to occupy 3rd position with almost $12bn.

The bin Laden family comes in at no.5 with $9.8bn of stakes in the construction industry. The company’s founder, Muhammad bin Laden, had 54 sons and daughters through 22 marriages. His most prominent son (the 17th) is America’s most wanted Osama bin Laden.

Palestinian Said Khoury comes in at no. 7 with estimated wealth of $7bn from construction. The Greek Orthodox Christian now lives in Athens.

Saad Hariri, the current prime minister of Lebanon whose late father held the same post before his asssination, has wealth of $3.7bn and is listed as a Saudi.

Here is the whole list, from Arabianbusiness.com



1
20.4 bn.
Saudi Arabia
2
12 bn.
Saudi Arabia
3
11.9 bn.
Saudi Arabia
4
10 bn.
Saudi Arabia
5
9.8 bn.
Saudi Arabia
6
8.2 bn.
Kuwait
7
7 bn.
Palestine
8
7 bn.
Saudi Arabia
9
6.52 bn.
United Arab Emirates
10
6.5 bn.
Kuwait
11
6.2 bn.
Saudi Arabia
12
6.1 bn.
Bahrain
13
6 bn.
Saudi Arabia
14
5.2 bn.
Saudi Arabia
15
5.1 bn.
Saudi Arabia
16
5.06 bn.
United Arab Emirates
17
5 bn.
Saudi Arabia
18
4.9 bn.
United Arab Emirates
19
4.57 bn.
Saudi Arabia
20
4.55 bn.
Saudi Arabia
21
4.5 bn.
Qatar
22
4.3 bn.
Saudi Arabia
23
4.1 bn.
Saudi Arabia
24
4.02 bn.
Saudi Arabia
25
4 bn.
Kuwait
26
3.71 bn.
United Arab Emirates
27
3.7 bn.
Saudi Arabia
28
3.55 bn.
Egypt
29
3.5 bn.
Saudi Arabia
30
3.4 bn.
Kuwait
31
3.3 bn.
Saudi Arabia
32
3.28 bn.
Saudi Arabia
33
3.26 bn.
Saudi Arabia
34
3.22 bn.
Saudi Arabia
35
3.2 bn.
Saudi Arabia
36
3.18 bn.
Iraq
37
3.17 bn.
Saudi Arabia
38
3.1 bn.
Saudi Arabia
39
3 bn.
Saudi Arabia
40
2.9 bn.
Saudi Arabia
41
2.8 bn.
Saudi Arabia
42
2.7 bn.
Saudi Arabia
43
2.5 bn.
Lebanon
44
2.41 bn.
Saudi Arabia
45
2.4 bn.
Lebanon
46
2.3 bn.
Saudi Arabia
47
2.1 bn.
Egypt
48
2 bn.
Saudi Arabia
49
1.78 bn.
Egypt
50
1.7 bn.
Saudi Arabia




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