Saudi Arabia’s Prince Alwaleed made a staggering $10,084 per minute in the last twelve months, according to the 2013 Arabian Business Rich List, which will be published on Sunday 15 December.
Figures to be published by the magazine will show the prince is total wealth now standing at $31.2bn – a huge leap from last year’s figure of $25.9bn. The calculations – verified by the prince's private office – will mean that Prince Alwaleed will top the list for the tenth year in succession.
The leap in wealth comes on the back of a hugely successful year for the prince, who saw his $300m investment in Twitter jump in value by 200 percent after the company’s flotation last month. Several of his other key investments have also risen in value during the past 12 months.
Arabian Business Editor Ed Attwood said: “Our list on Sunday will show that not only is Prince Alwaleed the world’s richest Arab for the tenth successive year, but the gap between himself and everyone else on the list has increased significantly.”
But the list will show that the total wealth of the world’s fifty richest Arabs only rose by 3.46% to $266.11bn – with only 11 entries in the top 50 actually seeing their wealth rise.
*The full list will be published online from 9am UAE time on Sunday December 15 at www.arabianbusiness.com
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