Their total wealth is $52.9 billion
Lebanon is at the fore, and the billionaires of Kuwait and Saudi Arabia are out of the list
Forbes magazine, in its 36th edition, released its ranking of Arab billionaires for the year 2022. The list of the wealthy Arabs in 2022 did not change significantly from last year’s list The 2022 list of the richest Arab billionaires decreased from 22 to 21 billionaires, after the death of the billionaire Emirati Majid Al Futtaim in December 2021. Wealthy Arabs saw their total wealth drop to $52.9 billion in 2022, compared to $53 .4 billion dollars in the previous year. While Saudi billionaires were not included in the Forbes list of the world’s richest for the fifth year in a row.
Al-Qabas newspaper reported that Kuwaiti billionaires were absent from the annual Forbes list in its thirty-sixth edition of the world’s richest people 2022, which includes 2,668 billionaires, a decrease of 87 billionaires compared to last year. The list saw the departure of about 329 people from the list, and the addition of 236 billionaires this year. According to the rating, Nassef Sawiris is still the richest Arab in the world, with a net worth of 7 $7 billion – $600 million less than last year, making it the biggest loser among billionaires Arabs this year. According to Forbes magazine, this is mainly due to the drop in the share price of the sportswear company, Adidas, In which Sawiris owns a stake of 6%.
Billionaire Issad Rebrab and his family, the only billionaire from Algeria, came in second place, with a fortune estimated at about $5.1 billion. While Lebanese Prime Minister Najib Mikati and his brother Taha were among the biggest winners this year, after The fortunes of both of them increased by 700 million dollars to reach 3.2 billion dollars.
Egypt and Lebanon have the largest number of wealthy Arabs, with 6 billionaires each, while the net worth is The Egyptian billionaires put together $18.3 billion, and they are the brothers Mohamed, Youssef and Yassin Mansour, the Nassef brothers. and Naguib Sawiris, as well as 93-year-old Mohamed Al-Fayed and former owner of the luxury goods storeHarrods.
The net worth of Lebanese billionaires is $12.6 billion. Among them are the two brothers, Najib and Taha Mikati, and the sons of the late billionaire Prime Minister of Lebanon, Rafic Hariri, who are Baha . Ayman and Fahd Hariri.
While the UAE has 3 billionaires in the 2022 list, they are Hussain Sajwani, Abdullah bin Ahmed Al Ghurair and the family , Abdullah Al Futtaim and family. Morocco has Prime Minister Aziz Akhannouch, businessman and banker Othman Benjelloun and his family. Qatar is represented by Faisal bin Qassim Al Thani and Hamad bin Jassim Al Thani, both of whom are from Qatar Members of the Qatari royal family.
Globally, no billionaire has seen a rise in wealth like Elon Musk, who topped the list The world’s richest people for the first time ever, with a net worth of $ 219 billion, after the price of Shares of his electric car company Tesla 33%. Musk overtook Jeff Bezos, who fell to number two on the world list for the first time since Four years, as a result of a drop in Amazon stock of 3%and increase its charitable donations.