Arab Today, arab today uae billionaires’ wealth swells
Last Updated : GMT 19:14:58
Arab Today, arab today
Arab Today, arab today

UAE billionaires’ wealth swells

Arab Today, arab today

Arab Today, arab today UAE billionaires’ wealth swells

Duabi - Arabstoday

Wealth of UAE billionaires increased by more than 10 per cent to $7.6 billion, according to Forbes Middle East Arab billionaires ranking. Last year combined wealth of four UAE billionaires was declared at $6.9 billion. The UAE has been ranked fourth with four billionaires this year. In the UAE, according to Forbes Middle East, Abdul Aziz Al Ghurair’s wealth improved to $2.9 billion from $2.7 billion, Saif Al Ghurair’s assets jumped to $2 billion from $1.7 billion, Abdulla Al Futtaim’s holdings increased to $1.6 billion over $1.3 billion. Majid Al Futtaim’s wealth recorded a modest decline and reached $1.1 billion compared to $1.2 billion, according to the Forbes list. Kingdom of Saudi Arabia topped in the ranking, but combined wealth of KSA billionaires suffered seven per cent decline. Assets of Egyptian billionaires also suffered 8.5 per cent decrease in new ranking issued. Forbes Middle East has just revealed the Arab billionaires ranking, composed of 36 distinctive billionaires from across the Arab world with a combined total net worth of $121.3 billion, improving on last year’s figure of $117.6 billion. “The motivation behind publishing this list is to deliver the powerful message, that behind these billions lay wealthy individuals who have fought long and hard, and given generously. These success stories present lessons to be learned that money cannot buy, and serve as an inspiration to us all,” Forbes Middle East’s editor-in-chief, Khuloud Al Omian commented on the ranking. Topping the ranking for the second year running is the Saudi Prince Alwaleed bin Talal Al Saud with a fortune of $18 billion, followed in second place by Lebanese-Brazilian billionaire Joseph Safra with $13.8 billion to his name. Through this prestigious ranking, Forbes Middle East aims to highlight the inspirational stories of the region’s Arab billionaires, as well as the challenges and obstacles overcome on the road to success. Both the Kingdom of Saudi Arabia and Lebanon led the way on this ranking with eight billionaires each. Despite recent political turmoil, Egypt was runner up with seven billionaires, followed by the stable UAE with a total of four. However, this year’s major headline was newcomer to the billionaires club, Morocco, which entered the ranking with three billionaires: Miloud Chaabi, Othman Benjelloun and Anas Sefrioui. Kuwait ranked sixth with two billionaires, Bassam and Kutayba Alghanim, and it should be noted that Kuwait’s wealthy Al Kharafi family were removed from the ranking following a formal request from the Kharafi Group. Jordan, Syria, Iraq and Sudan also featured in the ranking with one billionaire each.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae billionaires’ wealth swells Arab Today, arab today uae billionaires’ wealth swells

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae billionaires’ wealth swells Arab Today, arab today uae billionaires’ wealth swells

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday