Tuesday, March 15, 2011

World's Rich Arab Businessmen


Net Worth: $18 billion
Country: Saudi Arabia
Previous Rank: 1

Prince Alwaleed remains on top of the Richest Arab Business People list for sixth consecutive year. Al-Waleed owns the 85.9-meter (282-foot) yacht Kingdom 5KR

Nasser Al Rashid

Net Worth: $8 billion
Country: Saudi Arabia

Nasser Al Rashid is a key advisor to the Saudi royal family, and the founder and chairman of Rashid Engineering. A sailing fan, Nasser owns one of the most lavish yachts in the world – 344-ft Lady Moura, which cost about $200 million in 1990. Her name is etched on the stern in 24 carat gold.

The Al Shaya Family

Net Worth: $5 billion
Country: Kuwait
Previous Rank: 13

Mohammed Al Shaya has the Middle East franchisee of Starbucks, H&M, Foot Locker, Mothercare, Debenhams, River Island, Topshop, Office Depot and P.F. Chang's, among other international retail companies. His companies also run Kuwait Sheraton and Medina Oberoi, and exclusive dealerships for Mazda and Peugeot in Kuwait.

Sulaiman Al Rajhi

Net Worth: $5.2 billion
Country: Saudi Arabia
% Of The Top 50 Worth: 2.49%
Previous Rank: 11

Sulaiman runs the largest Islamic bank in Saudi Arabia – Al Rajhi Bank.

Sheikh Mohammed bin Rashid Al Maktoum

In June 2010, his wealth was estimated at USD$ 12.3 billion by Forbes magazine, meaning he was the biggest faller two years in a row on their list of the worlds richest royals

Nasser Al Kharafi

Net Worth: $9.4 billion
Country: Kuwait

Nasser Al Kharafi's conglomerate has the exclusive franchise rights in the Middle East for fast food brands KFC, Wimpy, TGI Friday's, Cadbury's, Pizza Hut and Saint Cinnamon. Nasser is he largest individual stakeholder of Krispy Kreme.

The Kanoo Family

Net Worth: $6.1 billion
Country: Bahrain

The Kanoo Group is one of the most diversified business houses in the Gulf Region with joint ventures with Norwich Union Insurance, Maersk, BASF, Johnson Arabia, Freightworks, British Standards Institution, Infineum (Exxon/Shell), Halliburton, Akzo Nobel, Thales, and Amec Plc.

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