Thursday 26 November 2020
Forbes network data showed that the fortunes of 21 Arab billionaires increased by about 10.8 billion dollars at the end of trading yesterday, Wednesday, compared to what they were in the Forbes list of the rich 2020, despite the repercussions of the new Corona pandemic on the local, regional and global economies.
The total wealth of the Arab rich currently stands at $ 58.1 billion, compared to about $ 47.3 billion on the Forbes Billionaires List 2020, which monitored the wealth of the rich on March 18.
The fortunes of 11 Arab billionaires out of the 21 people increased during the aforementioned period, while the fortunes of the remaining ten stabilized, and the wealth of any of the Arab billionaires mentioned on the list did not experience any decline during this period.
The list included 6 Egyptians with a total wealth of $ 19.7 billion, an increase of $ 2.9 billion compared to what it was in the list of 2020.
Nassif Sawiriss fortune increased by about $ 2.6 billion to reach $ 7.6 billion, and Mohamed Al-Fayed’s wealth increased by $ 200 million to $ 1.6 billion, and Yassin Mansour’s fortune rose about $ 100 million to $ 2.3 billion.
Mohamed Mansour’s fortune stabilized at $ 3.3 billion, Naguib Sawiris at $ 3 billion, and Youssef Mansour at $ 1.9 billion.
The list also included 6 Lebanese with a total wealth of $ 10.7 billion, an increase of about $ 500 million compared to what it was in the list of 2020.
Najib Mikati’s fortune increased by about $ 300 million to reach $ 2.4 billion, and Taha Mikati’s wealth increased by $ 200 million to $ 2.4 billion.
While Bahaa Hariri’s wealth stabilized at $ 2 billion, Robert Moawad’s fortune at $ 1.5 billion, Ayman Hariri’s wealth at $ 1.3 billion, and Fahd Hariri’s wealth at $ 1.1 billion.
The list also included 4 Emiratis with a total wealth of $ 11.7 billion, an increase of about $ 1.2 billion compared to what it was in the list of 2020.
Hussain Sajwani’s fortune increased by $ 900 million to reach $ 2.3 billion, and Majid Al-Futtaim’s fortune increased by $ 300 million to reach $ 3.6 billion.
While Abdullah bin Ahmed Al Ghurair’s wealth settled at $ 3.7 billion, and Abdullah Al Futtaim’s fortune stood at $ 2.1 billion.
5 others from 5 Arab countries
While the list included 5 billionaires from Algeria, Kuwait, Oman, Morocco, and Qatar (one person from each country) with a total wealth of $ 16 billion, an increase of about $ 6.2 billion compared to what it was in the list of 2020.
The fortune of Algerian Asaad Rebrab increased by about $ 3.3 billion to reach $ 7.5 billion, and the fortune of Moroccan Aziz Akhannouch increased by about $ 2.5 billion to $ 3.5 billion.
The wealth of Omani Suhail Bahwan also increased by about $ 200 million to reach $ 2.3 billion, and the wealth of Qatari Faisal bin Qasim Al Thani increased by $ 200 million to reach $ 1.4 billion.
Kuwaiti Qutayba Al-Ghanim’s wealth has stabilized at $ 1.3 billion currently, the same level as in the Forbes 2020 billionaires list.
The Forbes list did not mention any details about the wealth of the Saudis, a procedure followed by the network since the investigations conducted by the Saudi authorities with a number of Saudi businessmen and princes on charges of corruption in what is known as the “Ritz-Carlton Riyadh” investigations in 2017.
The Saudi authorities made reconciliations with some of these princes and businessmen in exchange for relinquishing parts of their wealth with unspoken values, which made it difficult to measure their wealth after that and know its true value.
Ranking of the 5 richest Arab billionaires currently:
1- The Egyptian Nassef Sawiris, worth $ 7.6 billion.
2- Algerian Asaad Rebrab, with a fortune of $ 7.5 billion.
3- Emirati Abdullah bin Ahmed Al Ghurair, worth $ 3.7 billion.
4- Emirati Majid Al Futtaim, valued at $ 3.6 billion.
5- Moroccan Aziz Akhannouch with a net worth of $ 3.5 billion.