And the magazine indicated in its new list of wealthy Arabs, which Al-Wakeel Al-Akhbar reviewed, that the property values of all of these rich people have increased from $52.9 billion in 2022 to $53.9 billion in 2023.
She explained that for the sixth year in a row, billionaires in Saudi Arabia are being excluded from the Forbes global list.
The Egyptian Nassef Sawiris maintained the top position of the wealthy Arabs, with a net worth of $7.4 billion, despite its decline of $300 million from 2022.
His 6% stake in sportswear manufacturer Adidas is one of his most important investments. Sawiris runs OCI, one of the largest producers of nitrogen fertilizers in the world, with plants in Texas and Iowa, USA.
And in second place was the Algerian billionaire, Saad Rebrab and his family, with his fortune of $4.6 billion, $500 million less than in 2022. He is the founder and CEO of Cevital Group, the largest private Algerian company.
The group also owns one of the largest sugar refineries in the world, with a production capacity of two million tons of refined sugar annually.
The wealth of the Emirati billionaire, Hussain Sajwani, increased by 66.7% from 2022, making him the biggest gainer among the wealthy Arabs.
The wealth of the Egyptian Mohamed Mansour also witnessed an increase of 44% this year.
-Egypt and Lebanon have the largest number of wealthy Arabs, with 6 wealthy people each.
-While the net worth of the Egyptian billionaires amounts to $ 19.1 billion, they are the brothers: Muhammad, Youssef and Yassin Mansour, and the two brothers Nassef and Naguib Sawiris, in addition to Muhammad Al-Fayed, the former owner of the 94-year-old Harrods store.
The net worth of the Lebanese rich is $ 11.8 billion, and they are the two brothers Mikati, the fine jewelry tycoon Robert Moawad, and the brothers of the former billionaire and former Prime Minister of Lebanon Saad Hariri: Bahaa, Ayman and Fahd Hariri.
While the UAE includes 3 rich people in the 2023 list, they are Hussain Sajwani, Abdullah bin Ahmed Al Ghurair and his family, and Abdullah Al Futtaim and his family, with net worths of $9.9 billion.
The list included from Morocco, Prime Minister Aziz Akhannouch, businessman and banker Othman Benjelloun and his family.
While Qatar was represented by Faisal bin Qasim Al Thani and Hamad bin Jassim Al Thani, two members of the Qatari royal family.
MENAFN13052023000208011052ID1106237268
