AB Rich List: whose wealth declined the most in 2011?
Nineteen of the world's richest Arabs have seen their wealth slide in this year's list
\nRetail tycoon Ahmed Saleh Baeshen (No.33) saw his wealth decline 5.71% to $3.3bn from $3.5bn last year. Established some 80 years ago, AMS Baeshen has grown from a small family concern to being the exclusive distributor of numerous multinational FMCG companies in Saudi Arabia Abdulaziz Al Ghurair, No.12 on our list, is estimated to be worth $6.1bn. His net worth declined 6.44% from $6.52bn last year Abdulaziz Al Sulaiman ((No.39) founded the Rolaco Trading and Contracting Company in 1968 in Jeddah (pictured) His networth decline approximately 6.25% from $3.2bn to $3bn this year With estimated wealth of $6.5bn (7.14% drop over last year), Said Khoury (right) ranks at No.10 on our list. He is the founder of Consolidated Contractors International Company (CCC), one of the first Arab construction companies Mohammed Abu Ghazaleh (No.46) saw his net worth decline 11.11% to $2.4bn from $2.7bn last year Osama Abudawood's (No.41) net worth dropped 11.29 percent to $2.75bn from $3.1bn Hussein Gazzaz's (No.40) networth for the year was $2.8bn, a decline of 11.67% over last year\t Mohamed Elkhereiji (No.43) saw his networth hit by 13.33% - it stood at $2.6bn this year, compared with\t$3bn this year Zamil Family's (No.47) estimated net worth this year is $2.4bn, a decline of 14.28% over last year This year’s biggest decline was recorded by the Saudi billionaire, Bakr Bin Ladin (No.8), founder of the kingdom’s Binladin Group, who saw his estimated wealth drop from $9.8bn in 2010 to $7.25bn this year