REVEALED: Arabian Business Rich List 2012

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Saudi Arabia’s HRH Prince Alwaleed bin Talal has topped the Arabian Business Rich List for the ninth year in succession, with his current wealth now standing at US$25.9bn.

The figure – verified by his private office – is a staggering US$4.6bn more than it was 12 months ago. A large part of the increase is put down to the remarkable rise in the share price of Kingdom Holding, the company in which he owns a 95 percent stake. By early December, Kingdom shares were trading 147 percent higher compared to a year ago.

See the full Arabian Business Power List here.

In an interview with Arabian Business, Prince Alwaleed – referring to his wealth – said: “I know I am up but I didn’t know by this much - but it’s a very pleasant number and we welcome it as it shows that my shareholders at Kingdom have benefited too. “

He added: “For any chairman or CEO of a company, the main yardstick of the success comes from the strength of his balance sheet, the growth in income and the performance of his share price. These are the three indicators of success at the end of the year. In all these three, I say thanks to Kingdom Holding members – I never use the word employees. They number 24 people. That’s it. This is to the credit of all the members who contributed to this success. The share price movement reflects the performance of the company.”

Second place on this year’s list went to Saudi Arabia’s Olayan family, with a wealth of US$12.9bn, while another Saudi - Mohammed Al Amoudi - was ranked third, with US$11.5bn.

See pictures of the world's richest Arabs here.

This year’s entry level was $2bn, with Iraq’s Namir Al Akabi taking 50 place.

The 2012 Arabian Business Rich List also contains a record 15 new entries, with Saudi Arabia dominating the list. Of the top 50, 23 of this year’s entries are based in the country.  Five of the top ten are based in Saudi Arabia.

 

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Posted by: sophia

Yes; honestly you all sound like imbeciles 'discussing' whether it's Saudi's, Lebanese, or GCC country individual's who hold wealth/achieved wealth, fleeced their own country and country men for wealth- or often achieved it spectacularly on their own.
You speak of bloodline and you make divisions- intentionally. To many of the western world- you are grouped as 'Arabs', simply that. It's little amusing, to say the least, why would you feel such pride that people with some link to your country have had or are successful in this external monetary domain. It's wonderful in the general sense, success, don't misunderstand. But surely If you wanted to discuss what one does with ones fortune, what provisions are provided within their companies structure in an area of social responsibility, education, care or interest in one area of society itself- then you have valid grounds to fight out who individually are really worthy of respect. Why bring it all down to a common denominator of country?

Posted by: liliy

Thes comments made by Arabs against Arabs are a typical example of our failure!!no wonder the world laughs at us!
An Arab

Posted by: jean

stupid STATS, MANY LEBANESE are not mentioned intentionally like :
-Carlos slim ( richest man in the world )
-joseph Safra
-Maalouf family ( Las Vegas )
-Nicholas Hayek.........

you ARABS , keep bragging about oil money

Posted by: one of the joes

Nicholas Hayek (SMH / SWATCH) was born in Beirut, as of 1951 he lived in Switzerland. N. H. junior was born in Switzerland - and still lives there.

Posted by: Wael A. Al Mandil

LOOK WITH ALL RESPECT MR : CARLOS SLIM HE IS A MEXICAN HE SOLD LEBANON FOR LONG TIME BACK CAUES NO USE TO LIVE IN LEBANON AND HE NEVER " DID NOT " VISIT LEBANON FROM LONG TIME BACK " MANY MANY MANY YEARS BACK " HE NEVER " DID NOT " HELP LEBANON IN THE CURRENT LEBANESE ECONOMIC PROBLEMS SO HE IS A MEXICAN NOW DO UNDER STAND OK .

Posted by: Saudi Engineer

TCGuy,

Or that Steve Jobs was syrian!

Posted by: procan

@jean you must be hard up for a hero Carlos Slim is Born and breed in Mexico . He dose spread his money to many places including the always struggling Lebanon as his mother was born there but that is the extent of it jean.Carlos spends time on his own island off Cancun and in Spain rarely if ever in Lebanon if you need heroes find one born and breed in Lebanon. Just sayin eh.

Posted by: eric lammers

This year?s study did not mention the millionaires in Qatar Al khalifa and consortium.The millionaires surveyed ranked individual domestic stocks as their top investment , it would be nice to discuss the small fishes like Moaffaq All gaddag from Syria active in UAE and Mustapha Chihabi investor from Green telecom ...

Posted by: Laith Asaad

It is always great to get to know about the wealth and the Richness etc.. But i always wonder and share with all of you that if each rich person in the Globe share little percentage of the wealth with the poor and needy people, i think at the end of the day, we will hardly find them around if not disapeared. my message to all rich people, please have some of your wealth to needy and poor people BUT behind seen not publicly! Thanks

Posted by: Saudi Engineer

Dearest Laith,
It's called zakat ???? and it's 2.5% which would eliminate poverty altogether....

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