World’s richest Arabs see wealth rise just 0.2%

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The world’s 50 richest Arabs saw their combined wealth rise just 0.2 percent over the past 12 months, according the latest Arabian Business Rich List.

Click here to see the full list of the world's 50 richest Arabs

The marginal increase takes their total wealth to US$257.2bn, compared to US$256.67bn, reflecting the tough global economic climate.

Arabian Business editor Ed Attwood said: “Looking at this year’s figures, were it not for the huge rise in Prince Alwaleed’s fortune, the world’s richest Arabs would have seen their combined wealth sharply decline.”

HRH Prince Alwaleed bin Talal topped the 2012 Rich List for the ninth successive year, with his wealth placed at US$25.9bn - a huge jump from last year’s figure of $21.3bn. Kingdom Holding, which he has a 95 percent stake in, saw its shares climb by 147 percent in the 12 months to December 1 this year.

Second place on the list went to the Olayan family, with US$12.9bn, while Mohammed Al Amoudi took third slot with US$11.5bn.

The list features 15 new entries, while the entry level was $2bn - the list being propped up by Iraq’s Namir Al Akabi.

Click here to see the full list of the world's 50 richest Arabs

Click here to see a gallery of the world's 50 richest Arabs

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Most Discussed
  • 17
    Nakheel PR: The toughest job in Dubai?

    You forgot to mention the sewage pit between JLT and Jumeirah Park and the terrible landscaping in Jumeirah Park The chain link fencing they want to install... more

    Monday, 30 March 2015 9:05 AM - An Emaar Fan
  • 13
    Dubai Int'l T1 is too congested, says Indian airline boss

    Yes, T1 is overflowing, but Air India need to maintain its timing which is a big question mark most of the time. Plus quality of service, please have some... more

    Monday, 30 March 2015 4:13 PM - Shareen
  • 9
    Post traumatic stress?

    I once had a Emirates Post employee hang up on me when I asked her to repeat something. That said, the worst is my management company, Kingfield Management... more

    Sunday, 29 March 2015 6:07 PM - Sarah