14081
100 Richest Arabs Have $174b
World Economy

100 Richest Arabs Have $174b

Forbes Middle East has once again opened up a world of wealth, revealing a top 100 lineup of the richest Arabs on the planet.
Despite plunging oil prices, the world’s top 100 Arab tycoons have continued to build their fortunes, amassing combined wealth of $174.37 billion, an $8.3 billion increase on 2014, BI-ME reported.
The number of billionaires has risen too; 49 feature this time around — four more than last year — with shared wealth of $155.1 billion, up $7.4 billion on the previous year.
In fact, 56 of the 100 billionaires and millionaires in this year’s list recorded an increase in their overall wealth and the 15 newcomers to the 2015 list indicate that there is more to come.
But while prosperity is rising, in many respects, this year’s list of affluent Arabs also represents certain continuity, serving as a reminder of the dominance of an elite group now synonymous with success.
Saudi Arabia’s Prince Alwaleed bin Talal Al Saud once again presides over the ranking, with an estimated fortune of $22.6 billion, while Joseph Safra occupies second spot with $17.3 billion.
The top 10 this year also hint at the continued strength of family ties, with members of the UAE’s Al Ghurair family and Egypt’s Mansour and Sawiris clans all retaining top spots.

 

Short URL : http://goo.gl/xImbW3

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...

Trending

Googleplus