By Staff writer
Track the performance of the richest five Arabs over the past five years, as revealed by the Arabian Business Rich List
Welcome to the Arabian Business Wealth Tracker. We have taken five of the Arab world’s richest personalities and tracked their wealth since 2006.
Move your mouse along the trend-lines below, to see their changing fortunes:
Only one, Mohammed Al Jaber, has seen consistent growth over that five-year period, as his earnings have rocketed by $2.2bn in 2006 to a whopping $12bn in 2010.
Prince Alwaleed – who has topped the Arabian Business Rich List for seven years – has seen a u-shaped dip in his fortunes.
The Kingdom Holding chairman’s assets amounted to $22b in 2006, but dropped to a low of $17.08bn in 2008. Since that time, Prince Alwaleed’s careful investments have led him to recoup nearly all his 2006 worth.
In Kuwait, the Alshaya family – led by charismatic entrepreneur Mohammed Alshaya – has seen its fortunes rise by $2bn over the five-year period.
The family’s wealth has especially been boosted in the last year or so, particularly as a result of significant attempts to build out its retail portfolio.
The UAE’s richest operator, the Al Ghurair family, has seen its wealth fluctuate considerably over the last five years. Mashreq Bank is one of the country’s biggest, but every bank in the region has been affected to some extent by the travails in the international financial system.
Saudi Arabia’s Olayan family has also seen a remarkable 2010. While its fortunes remained relatively stable between 2006-9, the Olayans are setting to see the benefits of the kingdom’s massive infrastructure spending.