SUNDAY, JUNE 24, 2012 Billionaires Of The Middle East - Arab Billionaire List

In this post I will cover the richest people in the Middle East, the Billionaires. These are the movers and shakers of the region and many of them are either directly or indirectly involved in the Mega Project real estate developments of the UAE and the entire MENA Region. Two very reliable sources were used for gathering the information in this post, ArabianBusiness.com and Forbes.com. You should note that the net worth of the Billionaires is always changing due to the ever changing economic climate of the world so the net worth given for each Billionaire is an estimate only. Also remember that there are still Billionaires in the Middle East that have not as yet been discovered. SAUDI ARABIA: Prince Alwaleed bin Talal Al Saud, $21.3 Bil King Abdullah bin Abdulaziz Al Saud, $18 Bil Mohamed Al Jaber, $12.75 Bil Olayan Family, $12.4 Bil Issam Alzahid, $10.7 Bil Mohammed Al Amoudi, $10.4 Bil Bin Ladin Family, $7.25 Bil Bugshan Family, $7 Bil Al Juffali Family, $6.2 Bil Tareq Abdullah Al Qahtani, $6.1 Bil Sulaiman Al Rajhi, $5.95 Bil Mohamed Abdul Latif Jameel, $5.3 Bil Mubarak Al Suwaiket, $5 Bil Naghi Family, $5 Bil Abdullah Al Rushaid, $4.6 Bil Mohammed Sharbatly, $4 Bil Mohammad Jamjoom, $3.8 Bil Abdullatif Al Fozan, $3.45 Bil Abdullah Al Othaim, $3.35 Bil Ahmed Baeshen, $3.3 Bil Adel Aujan, $3.25 Bil Saedan Family, $3.10 Bil Abdulaziz Al Sulaiman, $3 Bil Hussein Gazzaz, $2.8 Bil

Osama Abudawood, $2.75 Bil Mohammed Elkhereiji, $2.6 Bil Mansour Ojjey, $2.6 Bil Al Zamil Family, $2.4 Bil

KUWAIT: Bukhamseen Family, $7.25 Bil Faisal Al Ayyar, $3.25 Bil Bassam Alghanim, $1.6 Bil Kutayba Alghanim, $1.6 Bil Fawzi Al-Kharafi, $1.2 Bil Jassim Al-Kharafi, $1.2 Bil Mohannad Al-Kharafi, $1.2 Bil

EGYPT: Nassef Sawiris, $5.1 Bil Naguib Sawiris, $3.1 Bil Onsi Sawiris, $2.9 Bil Mohammed Shafik Gabr, $2 Bil Mohamed Mansour, $1.7 Bil Yasseen Mansour, $1.6 Bil Youssef Mansour, $1.5 Bil Mohamed Al Fayed, $1.3 Bil

UAE: Sheikh Khailfa bin Zayed Al Nahayan, $15 Bil Abdulaziz Al Ghurair, $6.1 Bil Majid Al Futtaim, $5.8 Bil Abdullah Al Futtaim, $5.2 Bil Sheikh Mohammed bin Rashid Al Maktoum, $4.5 Bil Gargash Family, $3.9 Bil

Saif Al Ghurair, $2 Bil

LEBANON: Saad Hariri, $3.8 Bil Bahaa Hariri, $3.35 Bil Ayman Hariri, $3.15 Bil Najib Mikati, $3Bil Taha Mikati, $3Bil Fahd Hariri, $1.4 Bil

QATAR: Omar Hamad Almana, $4.5 Bil Alfardan Family, $3.42 Bil Al Darwish Family, $2.55 Bil Sheikh Hamad bin Khalifa Al Thani, $2.4 Bil

PALESTINE: Said Khoury, $6.5 Bil Mohammad Abu Ghazaleh, $2.4 Bil

BAHRAIN: Kanoo Family, $6 Bil

JORDAN: Shoman Family, $4.2 Bil

SYRIA: Wafic Said, $2.7 Bil

++ OTHERS WHO PROBABLY BELONG ON THE LIST: Al Sabah Family / Kuwait / estimate range: $350 Mil - $100 Bil

Al Habtoor Family / UAE / estimate range: $1.3 Bil - $2 Bil Khashoggi Family / Saudi Arabia / estimate range: $500 Mil - $1.3 Bil Sultan Qaboos bin Said / Oman / estimate range: $700 Mil - $1 Bil ~ Note that the estimates for the above 4 come from a variety of sources and I don't know how accurate they are. For example, the Al Sabah Family of Kuwait has a huge range of between $350 Mil and some sources say their wealth is as high as $90-$100 Bil. ++ IRAN AND IRAQ: I could find no evidence of there being any Billionaires in Iran or Iraq, but of course there could be some whose wealth is hidden. There are however a number of expat Iranian and Iraqi Billionaires including Nasser Khalili(Iran) and Nadhmi Auchi(Iraq). ++ CARLOS SLIM HELU: Currently he is the richest man in the world with an estimated net worth of $73 Bil. Both of Mr. Helu's parents are Lebanese however Mr. Helu was born in Mexico, not Lebanon. Therefore he is not considered a Billionaire of the Middle East.