Ammon News - The world’s 50 richest Arabs are worth a total of just over $245bn, an 18 percent increase on the same figure just over a year ago, the Arabian Business Rich List 2010 reveals.

Top of the list is Kingdom Holding chairman Prince Alwaleed, who has $20.4bn – a figure that has been verified by his private office.

Saudi Arabia’s Mohamed Bin Issa Al Jaber retains second place on the list after increasing his wealth from $9.7bn to $12bn over the course of the last year.

The Olayan family has jumped five places to claim the third spot, with $11.9bn, pipping Mohammad Al Amoudi in fourth.

Last year’s third-richest person, Nasser Al Kharafi, drops to sixth place.

Altogether, the wealth of the top 10 people on our list amounts to just shy of $100bn. This is a 16 percent rise on last year, proving – if anything – that the super-wealthy have no interest in easing back their earnings growth.

This year’s highest new entry was the Bugshan family, which claimed eighth place, while the biggest riser was the Bukhamseen family which jumped from 47th to 25th.

Once again, Saudi Arabia has by far the biggest number of entries on the list, with the kingdom’s entities taking up the top five places alone.

Altogether, there are 32 Saudi entries on the 2010 list, and of the 24 new entries, 20 of them came from the Gulf’s biggest economy.

The next highest countries to feature are the UAE and Kuwait with four entries, while Egypt has three. Lebanon has two entries, while Iraq, Palestine, Qatar, Syria and Kuwait all have one each.

Sadly, Hasib Sabbagh, who featured nineteenth in the 2009 list, passed away in January this year.


Rank Name Wealth (US$) Country
1 HRH Prince Alwaleed Bin Talal Al Saud 20.4 bn. Saudi Arabia
2 Mohamed Bin Issa Al Jaber 12 bn. Saudi Arabia
3 The Olayan family 11.9 bn. Saudi Arabia
4 Mohammad Al Amoudi 10 bn. Saudi Arabia
5 The Bin Ladin family 9.8 bn. Saudi Arabia
6 Nasser Al Kharafi 8.2 bn. Kuwait
7 Said Khoury 7 bn. Palestine
8 The Bugshan family 7 bn. Saudi Arabia
9 The Al Ghurair family 6.52 bn. United Arab Emirates
10 The Alshaya family 6.5 bn. Kuwait
11 The Al Juffali family 6.2 bn. Saudi Arabia
12 The Kanoo family 6.1 bn. Bahrain
13 Tarek Abdulla Al Qahtani 6 bn. Saudi Arabia
14 Mubarak Al Suwaiket 5.2 bn. Saudi Arabia
15 Mohamed Abdul Latif Jameel 5.1 bn. Saudi Arabia
16 Abdullah Al Futtaim 5.06 bn. United Arab Emirates
17 The Naghi family 5 bn. Saudi Arabia
18 Majid Al Futtaim 4.9 bn. United Arab Emirates
19 Sulaiman Abdulaziz Al Rajhi 4.57 bn. Saudi Arabia
20 Abdullah Al Rushaid 4.55 bn. Saudi Arabia
21 Omar Hamad Almana 4.5 bn. Qatar
22 Issam Alzahid 4.3 bn. Saudi Arabia
23 Mohammed Sharbatly 4.1 bn. Saudi Arabia
24 Mohammad Kamal Jamjoom 4.02 bn. Saudi Arabia
25 The Bukhamseen family 4 bn. Kuwait
26 The Gargash family 3.71 bn. United Arab Emirates
27 Saad Hariri 3.7 bn. Saudi Arabia
28 The Sawiris family 3.55 bn. Egypt
29 Ahmed Saleh Baeshen 3.5 bn. Saudi Arabia
30 Faisal Al Ayyar 3.4 bn. Kuwait
31 The Banaja family 3.3 bn. Saudi Arabia
32 Abdullah Bin Saleh Al Othaim 3.28 bn. Saudi Arabia
33 Abdullatif Al Fozan 3.26 bn. Saudi Arabia
34 The Saedan family 3.22 bn. Saudi Arabia
35 Abdulaziz Al Sulaiman 3.2 bn. Saudi Arabia
36 Nadhmi Auchi 3.18 bn. Iraq
37 Hussein Bakry Gazzaz 3.17 bn. Saudi Arabia
38 Osama Ismail Ali Abudawood 3.1 bn. Saudi Arabia
39 Mohammed Elkhereiji 3 bn. Saudi Arabia
40 Bahaa Hariri 3 bn. Saudi Arabia
41 Adel Aujan 2.9 bn. Saudi Arabia
42 The Al Zamil family 2.8 bn. Saudi Arabia
43 Mansour Ojjey 2.7 bn. Saudi Arabia
44 Robert Mouawad 2.5 bn. Lebanon
45 Ayman Hariri 2.41 bn. Saudi Arabia
46 Issam Fares 2.4 bn. Lebanon
47 Mohammad Shafik Gabr 2.1 bn. Egypt
48 Abdul Mohsen Bin Abdul Aziz Al Hokair 2 bn. Saudi Arabia
49 Ahmed and Hassan Heikal 1.78 bn. Egypt
50 Mohammed Alesayi 1.7 bn. Saudi Arabia



* Arabian Business