Country: Saudi Arabia
Wealth: 5.3 Billion
The Abdul Latif Jameel (ALJ) Group sells Toyota vehicles in the Middle East, North Africa, UK, Turkey and China. ALJ is also active in the fields of real estate, financing, advertising, media, renewable energy, logistics and retail. The Chairman and President, Mohammed Abdul Latif Jameel, received an honorary knighthood from Britain’s Queen Elizabeth in October for both his philanthropic activities and the development of arts and culture in the UK. But it’s not just in the UK where people are benefiting from the Jameel family wealth. One of their main philanthropic initiatives, Bab Rizq Jameel, has now created 330,000 jobs for Saudi citizens, with plenty more in other Arab countries. It is widely regarded as a role model for private companies wishing to create similar initiatives to solve the worrying levels of youth unemployment in the region.