Looking for the top 10 richest Arabs in the World? Then, sit back and enjoy this article as it has listed for you the top 10 wealthiest Arabs with the bulkiest pockets. Arabs are majorly known for their vast Islamic knowledge due to the fact that they played much focus and attention on the Islamic Religion. They are people living in the Arab World, which primarily include the Arab States in Western Asia, North Africa, the Horn of Africa and Western Indian Ocean Island. Currently, they have a population of over 450 million.
There are many rich people in the World today owing to their enormous sacrifice and dedication. The Arabs didn’t relent in their endeavours as they didn’t occupy the last position of the richest men in the World. However, despite being amidst World richest individuals, there exists a ranking of the richest individuals in the Arab World.
This list is what this post aims at providing for you. In this list are Emiratis, Saudis, Egyptians, Omani, etc. Since the list is inexhaustible, the post will be providing the top 10 richest Arabs in the World together with their net worth. Enjoy the read;
Top 10 Richest Arabs In The World 2020
1. Prince Alwaleed Bin Talal ($18.7 Billion)
Prince Alwaleed Bin Talal is an investor, philanthropist and a businessman based in Saudi Arabia. He has always been on the front line whenever it comes to the top richest Arabs in the World. In fact, he has maintained a clear difference of about $8 Billion with his competitor, which of course, occupied the 2nd position in our list. As a businessman, Prince Alwaleed has invested massively in some of the companies in the United States of America, Europe, the Middle East, etc. He did that through his company, Kingdom Holding Co. On many occasions, he has bragged to have bailed out President Donald Trump, who is the Number One Citizen of the United State of America. This shows that he is indeed a billionaire. As a contribution to community development, he has been a strong advocate of Women Empowerment in Saudi Arabia. Some years back, he opined for allowing women to be able to drive in the Kingdom through an open letter. Prince Talal was born into the royal family on the 7th March 1955 in Riyadh, Saudi Arabia. Some of the companies he has invested in include Priceline.com, Coca-Cola, Ford Motor Company, Daewoo, PROTON Holdings, Hyundai Motor Company Bonds, Sonatel, Ecobank, United Bank of Africa, CAL Bank, etc.
2. Suleiman Abdul Aziz Al Rajhi ($11.5 Billion)
Born in Al-Bukairiyah in Al Qassim Province of Saudi Arabia in the year 1929, Suleiman Abdul Aziz Al Rajhi is a Saudi Arabian Billionaire and Corporate figure. Currently, he is the Chairman of National Agricultural Development Company, popularly known as NADEC. Today, he holds the largest stake in one of his family’s company called Al-Rajhi Bank. The Bank has been reported to be the most profitable operations amongst all of Saudi Arabia’s Banking Group. Because of their philanthropic activities, the Al Rajhi Family is usually considered as the country’s wealthiest non-royals. In addition, they are often considered as one of the World’s leading philanthropists. To improve and contribute to the educational sector, he established a University called Al Rajhi University in Al-Bukairiyah, with the aim of providing knowledge on health and Islamic Banking. However, the school has expanded with newer faculties recently. He declared in May 2011 that most of fortune and riches will be donated to the charity. Because of this declaration, he was awarded the 2012 King Faisal International Prize. The prize comprises of different prizes like certificate, carat of gold and a cash endowment of $200000. He has over twenty-three (23) children.
3. Nassef Sawiris ($7.3 Billion)
Nassef Sawiris is not only the 3rd richest Arab in the World but also one of the richest African in the year, according to Forbes. He was born in the year 1961 in Cairo, Egypt. Nassef is an Egyptian businessman and billionaire and also the youngest of the Onsi Sawiris’s Son. Currently, he is the Chairman and Chief Executive Officer of Orascom Construction Industries and also the Executive Chairman of the famous football club, Aston Villa FC. His educational career started out in German International School in Cairo, Egypt. Afterward, he went to the University of Chicago, where he was honoured with a Bachelor’s degree in Economics in the year 1982. Some of his past experiences include serving as a member of the Board of Directors of the Cairo and Alexandra Stock Exchanges from the year 2004 till 2007, board director at the Dubai International Financial Exchange (DIFX) from 2008 till 2010. In addition, he was elected as a board member of LafargeHolcim, which is a Swiss Multinational company that manufactures building materials in 2015. Other appointments include a member of the University of Chicago’s board of Trustees, member of Cleveland Clinic’s International Leadership Board, etc. He is happily married and lives in London.
4. Issad Rebrab ($3.7 Billion)
Being the Chief Executive Officer of Cevital Industrial Group, which is the largest private conglomerate in Algeria, Issad Redrab is an Algerian, Businessman, and billionaire who was born on the 27th of May, 1944 in Tagumount-Azzouz Village of Tizi Ouzou. In addition to being the 5th richest man in Arab, Forbes ranked him as the ninth richest person in Africa. Before starting his own accounting firm, Redrab taught accounting and commercial law in a professional school Currently, he is married with five children.
5. Naguib Onsi Sawiris ($2.9 Billion)
Here is another member of the Sawiris Family topping the list of the top 10 richest Arabs in the World according to the Forbes List. Naguib Sawiris is an Egyptian businessman and billionaire who was born on the 15th of June, 1954 in Cairo, Egypt. Currently, he is the Chairman of Weather Investment and Orascom Telecom Media and Technology Holding S.A.E. He is also a political party and he belonged to the Free Egyptians Party.
- 6. AbdulAziz Al Ghurair and Family ($2.7 Billion)
Abdulaziz Al-Ghurair is a businessman and a billionaire, who was born on the 12th of November, 1954. According to Forbes, he is currently the number 420th richest person in the World. Currently, he is the Chief Executive Officer (CEO) of Mashreq Bank and the Speaker of the Federal National Council. His children include Mansor, Abdullah, Saood, Ahmad Al Ghurair, and two daughters. He is an indigene of the United Arab Emirates.
7. Najib Mikati ($2.5 Billion)
Born on the 24th of November, 1955, Najib Mikati is a Lebanese politician who was the Prime Minister of Lebanon for two times. He was given birth to in Tripoli, Lebanon and belongs to the political party called the Majd Movement. He is known to co-found a telecommunications company with his brother, Taha in 1982. However, he sold the company to MTN Group in 2006 for the sum of $5.5 Billion
8. Bahaa Hariri ($2.1 Billion)
As one of the Lebanese-Saudi Billionaire, Bahaa Hariri is the eldest son of Rafic Hariri who was an assassinated prime minister. Forbes ranked him as the 459th richest person in the World. After earning a degree from Boston University, he returned back to Saudi Oger Ltd, which is a construction and development company owned by his family. In addition, he is currently the Chairman of the Al-Abdali Project in Jordan.
- 9. Othman Benjelloun ($1.9 Billion)
Born in the year 1931 in Fez, Morocco, Othman Benjelloun is a businessman who is based in Casablanca, Morocco. His father left for him an insurance company which he later turned into RMA Watanya. Later on, he expanded the company into a banking industry, BMCE Bank. The bank was highly felt in over twelve (12) countries in Africa after purchasing the Bank of Africa based in Mali. Currently, he is the chairman of Meditelecom or Orange Morocco which is one of the three licensed telecommunications operators in Morocco. He is married to the daughter of General Mohammed Meziane, Leila Mezian and they currently have two children.
10. Saad Hariri ($1.5 Billion)
Saad Hariri was given birth to in the year 1970 in Riyadh, Saudi Arabia. Till 2016, he has been Prime Mister of Lebanon. As a politician, he belonged to the Future Movement Party where he served as the Leader since 2005. He is also popularly known as the strong figurehead of March 14 Alliance which is a coalition of political parties and independents in Lebanon formed in 2005. Before venturing into politics, he was the Chairman of Executive Committee of Oger Telecom, Omnia Holdings, etc.
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Conclusion On The Top 10 Richest Arabs In The World 2020
There are many rich individuals in the Arab Communities but those that made our list are those listed on the Forbes List. It is a known fact now that most of the richest individuals in Arabs are businessmen as they thrive to provide the basic needs for their people. However, politicians also make the list as it is usually depicted in many other states or countries. The states/countries that make the list include Saudi Arabia, Kuwait, Egypt, Algeria, Morocco, United Arab Emirates, Afghanistan, Oman, etc.
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