Prince Al Waleed tops richest Arabs list which is collectively now worth over US$ 250 billion
This year’s Arabian Business Top World’s 50 Richest Arabs records a rise of 4.76 percent on the previous year, being worth collectively over US$ 250 billion,The average wealth of the top 50 now stands at $5.13billion
But while the rise in wealth is considerable given the economic circumstances, it is far less than in previous years. Between 2009 and 2010, the top 50 saw their wealth rise 18.3 percent. The top three remains unchanged positions from last year, though each billionaire with increased wealth. Saudi Arabia’s HRH Prince Alwaleed remains top of the charts for the eight consecutive year with US$ 21.3billion, followed by Mohammed Al Jaber (US$12.75billion), the Olayan family (US$12.4 billion) and Issam Alzahid (US$ 10.7 billion). The figures for three of the top four in this list have been verified by their private offices and accountants.
There are eight new entries in this year’s list, the highest being Jordan’s legendary Shoman family, who enter the list at number 24 with US$ 4.2 billion. Qatar’s Hussein Alfardan makes his first appearance on the list at number 30, with US$3.42 billion
Only two females are featured in the list — Lubna Olayan in third place and Nayla Hayek, a new entry at number 38 with brother Nick, who have US$3.1billion – owners of Swatch, the largest Swiss watches group in the world..