Forbes announces world's billionaires 2021, includes 22 Arabs

World

Published: 2021-04-09 19:17

Last Updated: 2021-06-19 22:14


Forbes announces world's billionaires 2021, includes 22 Arabs
Forbes announces world's billionaires 2021, includes 22 Arabs

Earlier this week, Forbes released its annual world’s billionaires ranking for 2021. This list includes 22 billionaires of Arab origins.

The top 10 Arab billionaires are:

  1. Nassef Sawiris (Egypt - Net worth $8.3 billion - overall ranking 297): Sawiris is an investor and a scion of Egypt's wealthiest family. His most valuable asset is a 6 percent stake (roughly) in Adidas.
  2. Issad Rebrab and family (Algeria - Net worth $4.8 billion - overall ranking 589): Rebrab is the founder of Cevital, Algeria's biggest privately-held agri-food company.
  3. Majid Al-Futtaim and family (UAE - net worth $3.6 billion - overall ranking 831): Al-Futtaim founded retailing and entertainment giant Majid Al Futtaim Holding (MAF) in 1992.
  4. Naguib Sawiris (Egypt - net worth $3.2 billion - overall ranking 956): Sawiris is a scion of Egypt's wealthiest family, and his brother Nassef is the wealthiest Arab billionaire.
  5. Abdulla bin Ahmad al-Ghurair and family (UAE - net worth $2.8 billion - overall ranking 1,111): Al-Ghurair founded Mashreqbank in 1967. He remains a board member after stepping down from his chairman in Oct. 2019.
  6. Mohamed Mansour (Egypt - net worth $2.5 billion - overall ranking 1,249): Mansour oversees the family conglomerate Mansour Group, which was founded by his father in 1976.
  7. Najib Mikati (Lebanon - net worth $2.5 billion - overall ranking 1,249): Mikati is the cofounder, alongside his billionaire brother Taha, of Beirut-based investment firm M1 Group.
  8. Taha Mikati (Lebanon - net worth $2.5 billion - overall ranking 1,249): Mikati is the cofounder, alongside his billionaire brother Najib, of Beirut-based investment firm M1 Group.
  9. Hussain Sajwani (UAE - net worth $2.4 billion - overall ranking 1,299): Sajwani is the chairman of Dubai-based luxury real estate developer Damac Properties, which he founded in 2002.
  10. Suhail Bahwan (Oman - net worth $2.3 billion - overall ranking 1,362): Bahwan is the founder and chairman of Suhail Bahwan Group, one of the largest conglomerates in Oman.

Other Arab billionaires on the Forbes list include Lebanese jeweler Robert Mouawad, who inherited the family's high-end jewelry business that his grandfather founded in Beirut in 1890, and the former Lebanese Prime Minister Rafik Hariri's sons, Bahaa, Ayman, and Fahed.

Additionally, the former owner of Harrods Mohamed al-Fayed, and former prime minister of Qatar Hamad bin Jassim Al Thani made the list too.

The world's richest invidiual is Jeff Bezos, who held first place for the fourth consecutive year. Bezos' net worth is $177 billion.