Press Esc to close
Friday 29 August 2014
News updated at 2:21 AM IST
Weather
Max: 25.6°C
Min : 19.7°C
In Bangalore
Generally cloudy

Saudi prince named richest Arab businessman

Dubai, Dec 20 (PTI)

Saudi Prince Alwaleed bin Talal was ranked the richest Arab businessman with wealth worth of USD 20.4 billion.

Kingdom Holding chairman Prince Alwaleed was ranked the richest Arab businessman by Arabian Business magazine for the seventh year after adding more than USD 2 billion to his wealth this year.

Saudi Arabia's Mohamed Bin Issa Al Jaber retained second place on the list after increasing his wealth from USD 9.7 billion to USD 12 billion over the course of the last year.The Olayan family has jumped five places to claim the third spot, with USD 11.9 billion.
Last year's third-richest person, Nasser Al Kharafi, drops to sixth placeThe world's 50 richest Arabs are worth a total of just over USD 245 billion, registering an 18 per cent increase on the same figure over a year ago, the magazine said.

Altogether, the wealth of the top 10 people on our list amounts to just shy of USD 100 billion.This is a 16 per cent rise on last year.


This year's highest new entry was the Bugshan family, which claimed eighth place, while the biggest riser was the Bukhamseen family which jumped from 47th to 25th.

Saudi Arabia has the biggest number of entries on the list, with the kingdom’s entities taking up the top five places alone.

Altogether, there are 32 Saudi entries on the 2010 list, and of the 24 new entries, 20 of them came from the Gulf’s biggest economy.The next highest countries to feature are the UAE and Kuwait with four entries, while Egypt has three.Lebanon has two entries, while Iraq, Palestine, Qatar, Syria and Kuwait all have one each.

Go to Top

Photo Gallery
Union Railway Minister Sadananda Gowda during a visit to Ernakulam railway station in Kochi ...

Union Railway Minister Sadananda Gowda during a visit to Ernakulam railway station in Kochi ...

Bomb Squad members checking a suspected bag found at Bandra Station in Mumbai ...

Bomb Squad members checking a suspected bag found at Bandra Station in Mumbai ...

Red Cross workers walk through an Ebola hit area  in Monrovia, Liberia ...

Red Cross workers walk through an Ebola hit area in Monrovia, Liberia ...

Models take part in awareness campaign 'Save Ganga and Green India' in Bhopal ...

Models take part in awareness campaign 'Save Ganga and Green India' in Bhopal ...

Siddaramiah presenting kit to a beneficiary  during launch of 'Pradhan Mantri Jan-Dhan Yojana' ...

Siddaramiah presenting kit to a beneficiary during launch of 'Pradhan Mantri Jan-Dhan Yojana' ...

Ganesh idol made of dry fruits ahead of Ganesh Chaturthi festival in Mumbai ...

Ganesh idol made of dry fruits ahead of Ganesh Chaturthi festival in Mumbai ...

A young girl viewing Ganesh statues for sale on the eve of the Ganesh Chaturthi in Jaipur ...

A young girl viewing Ganesh statues for sale on the eve of the Ganesh Chaturthi in Jaipur ...

Team owners Sachin Tendulkar and Ranbir Kapoor during the launch of Indian Super League ...

Team owners Sachin Tendulkar and Ranbir Kapoor during the launch of Indian Super League ...

John Abraham, signs a football during the launch of the Indian Super League, in Mumbai ...

John Abraham, signs a football during the launch of the Indian Super League, in Mumbai ...

Founding chairperson Nita Ambani at the launch of the Indian Super League in Mumbai ...

Founding chairperson Nita Ambani at the launch of the Indian Super League in Mumbai ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523