Naguib Sawiris is from a family that is still at the top of the list (AFP)
The American “Forbes” magazine released, on Tuesday, a list of the 5 richest Arab families for the year 2022, and it became clear that the family Sawiris Egyptian followed timer The Lebanese, the Egyptian Mansour, the Algerian Rabrab, and the Lebanese Hariri.
The magazine concluded that the Egyptian Sawiris family ranked first as the richest family in the Arab region, with a total net worth of $11.2 billion.
data showedForbesSawiris’ wealth decreased by $800 million from March 11, 2022 to December 29, 2022, according to existing accounts. billionaires Annually, mainly attributable to the decrease in the wealth of Nassef, CEO of OCI NV OCI NV, due to decline The share price of the German companyAdidasWhich represents his highest assets with a stake of 6%.
Nassif’s wealth amounted to $6.9 billion at the beginning of 2023, after it was $7.7 billion on March 11, 2022, while his brother Najib maintained his wealth of $3.4 billion, while Forbes estimated Samih’s wealth at $850 million.
The Mikati Brothers – Lebanon
The Lebanese Mikati family, consisting mainly of Prime Minister Najib and his brother Taha, ranked second on the list as the richest family in the region with a total wealth of $5.6 billion, with a decrease in its wealth by $800 million in nearly nine months.
The brothers had founded the company “Investcom” in 1982 to sell mobile phones at the height of the Lebanese civil war, and according to “Forbes” the company was offered for public subscription on the London Stock Exchange in 2005, and in 2009, the South African “MTN” bought the share of the Mikati brothers in exchange for 3.6 billion dollars.
Mansour siblings – Egypt
Then the Egyptian Mansour family came in third place and preserved its fortune amounting to 5.1 billion dollars, and it is composed of brothers Muhammad, Youssef and Yassin, and of this wealth 2.5 billion belongs to Muhammad, who oversees the “Mansour Group”, followed by Youssef with a fortune of 1.5 billion, and Yassin 1.1 billion.
The group was founded by their father, and in 1975 it acquired the “General Motors” agency in Egypt, and the company later became one of its largest distributors in the world. Mohamed held the position of Minister of Transport between 2006 and 2009, during the rule of the late President Hosni Mubarak.
Rebrab and his family – Algeria
Algerian billionaire Issad Rebrab and his family get the same position in the ranking due to having the same net worth of $5.1 billion. Issad is the founder and CEO of Cevital, the largest private Algerian company, and owns one of the largest sugar refineries in the world, with a production capacity of two million tons annually.
Cevital has European companies specializing in the manufacture of household appliances, a steel plant in Italy, and another for water purification in Germany.
Issad was imprisoned in April 2019 on corruption charges and spent 8 months in prison before being released in January 2020. He insisted on denying any wrongdoing.
Hariri family – Lebanon
As for the Lebanese Hariri family, it ranked fifth with a fortune of $4.7 billion, according to Forbes, which reported that the three brothers Bahaa, Ayman and Fahd inherited their wealth from their father, the late former Prime Minister Rafik Hariri, who was assassinated in a terrorist attack on February 14, 2005.
Bahaa is the founder and chairman of Horizon Group, a real estate holding company with investments in Jordan and Lebanon, and is the majority owner of Globe Express Services, a logistics company with presence in more than 100 countries.
As for their fourth brother, former Lebanese Prime Minister Saad Hariri, he has been outside the billionaire classification circle since the 2019 list, after he spent what he inherited on his political ambitions.