Published on 14 Sep 2014 | over 3 years ago

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Lifestyle Top Richest Person In TheMiddle East 2014 – Prince Arabs

Even with the fracking in Texas and talk of a possible pipeline from Canada, The United States – with a population of over 300 million people – will still be somewhat dependent on Middle Eastern oil, and the Arabs in the oil business certainly won’t complain about that.
While we can’t talk about the Middle East’s wealth without looking at their oil, it must be acknowledged that the Arabs are using their advantage to advance in almost every other market; construction, luxury hotels, retail and merchandising, real estate, banking, aviation, and telecommunications. The list of potential business opportunities seems endless. And with the wealth of entire nations soaring on the back of all this investment, we’ve selected the 10 wealthiest Arabs who are clearly benefiting from precious natural resources and wise investment decisions in the Middle East.
10. Abdullah bin Ahmad Al Ghurair & Family, UAE: $3.1 Billion
9. Taha Mikati, Lebanon: $3.5 Billion
8. Najib Mikati, Lebanon: $3.5 Billion
7. Majid Al Futtaim, UAE: $3.6 Billion
6. Sulaiman Al Rajhi & Family, Saudi Arabia: $6 Billion
5. Nassef Sawiris & Family, Egypt: $6.5 Billion USD
4. Mohamed Al Jaber, Saudi Arabia: $7 Billion
3. Mohammed Al Amoudi, Saudi Arabia: $13.5 Billion
2. Joseph Safra, Lebanon: $15.9 Billion
The Safra bank has extended to Europe and the U.S. Joseph has invested in some coveted real-estate in America, too: He owns the 660 Madison Avenue building, which is home to Calvin Klein and other high-end stores.
1. Prince Alwaleed bin Talal Al Saud, Saudi Arabia: $20 – $30 Billion
His company, Kingdom Holding Company, has valuable stakes across several industries; recently, the company spent $300 million on a stake in Twitter and when the social media platform went public a few months back, his $300 million stake turned into $900 million. A tidy 200% increase, but a drop in the ocean for one of the richest men in the world.
His self-reported net worth comes in at $30 billion, although Forbes recently valued him at closer to $20 billion. Either way, though, he’s firmly at the top spot.

Lifestyle Top Richest Person In TheMiddle East 2014 – Prince Arabs

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