By Anil Bhoyrul
Kingdom Holding chairman Prince Alwaleed tops this year's list of the world's 50 richest Arabs
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.
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.
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.
THE GREATS SAUDIS ARE ALWAYS A HEAD FOR EVER ALL INSHALLA GOD WILLING OK
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
This yearâ€™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 ...
saoudi arabians , are not ahead of everything lol .
1-the richest man in the world is CARLOS SLIM who is lebanese
2-during 2012 only ,lebanese achievments in all fields of science and inventions .. cross 60 comparing to NONE to 360 million ARABS camel drivers looool
3-lebanese are presidents , deans and profes in top 200 best universities of the world ...
stupid STATS, MANY LEBANESE are not mentioned intentionally like :
-Carlos slim ( richest man in the world )
-Maalouf family ( Las Vegas )
you ARABS , keep bragging about oil money
NO SUSH REPLY TO SPITEFULS PEOPLE LIKE YOU SO THE BILLIONERS IN OUR GREAT KINGDOM OF SAUDI ARABIA MORE MORE MORE THAN IN YOUR lebanon AND WHO BACK YOUR lebanon UP ????? OUR GREATS K.S.A AND U.A.E AND G.C.C STATES BAUKED YOU lebanon UP DO UNDER STAND SO 360 MILLION ARABS ALL ARE YOUR CROWN HEAD DO UNDER STAND OK
roger lebanon you are spiteful from your comment that you ok
@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.
I thought this was supposed to be a civilized discussion?
What really gets me, is when they cut or censor one of my comments, but they allow this rubbish and name calling onto their comments page...
It's called zakat Ø²ÙƒØ§Ø© and it's 2.5% which would eliminate poverty altogether....
Or that Steve Jobs was syrian!