Three Arab women top the ‘Forbes Middle East’ list as richest businesswomen

MENA

Published: 2020-08-03 13:07

Last Updated: 2020-08-03 13:13


Three Arab women top the ‘Forbes Middle East’ list as richest businesswomen
Three Arab women top the ‘Forbes Middle East’ list as richest businesswomen

Egyptian, Iraqi and Lebanese women topped the Forbes Middle East list as richest businesswomen.

Iraqi-American makeup artist, Huda Kattan, topped the Forbes Middle East list this year with her Huda Beauty makeup brand which boasts more than 46 million Instagram followers. Her estimated worth stood at $610 million last year.

The fashion sector represented 42% of the list with 17 businesswomen, led by famous Lebanese fashion designer, Reem Acra. The jewellery sector took the second place in the list, with nine brands, led by Egyptian, Azza Fahmy, and her two daughters, Amina and Fatma Ghaly.

This year, the magazine launched the list of businesswomen, which featured top 10 women behind the most successful tech-based companies in the Middle East, that have succeeded in collecting investments and financing millions of dollars from investors. Mona Ataya and her partner Leena Abi Khalil topped the list with their brand Mumzworld, which has raised more than $50 million from investors.

Lebanese women topped the list with 14 entries, followed by 10 Saudi entries, 10 Egyptian entries, and five Jordanian women.