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100 Richest Arabs Have $174b

100 Richest Arabs Have $174b100 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.

 

Financialtribune.com