The Richest Arab In The World

The Richest Arab In The World 2021
The Richest Arab In The World 2021

This year there are 22 Arab billionaires worldwide than there were in 2020, while 2019’s list omitted Kuwait’s Kutayba Alghanim, but welcomed back Qatar’s Hamad bin Jassim Al Thani with an estimated wealth of $1.3 billion, and Morocco’s Othman Benjelloun & family, also with $1.3 billion.

Egypt’s Nassef Sawiris remains the richest Arab in the world 2021, with a net worth of $8.3 billion—$3.3 billion more than last year. His most lucrative asset is a 6% stake in sportswear manufacturer Adidas. He also runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa.

Algeria’s only billionaires, Issad Rebrab & family, are the world’s second-richest Arabs, worth $4.8 billion. Rebrab is the founder and CEO of Cevital, Algeria’s largest privately-held company. Cevital owns one of the largest sugar refineries globally, with the capacity to produce two million tons of refined sugar a year.

Qatar’s second billionaire, Faisal Bin Qassim Al Thani, owns Al Faisal Holdings and is valued at $1.6 billion. Oman’s only billionaire, Suhail Bahwan, is valued at $2.3 billion.

Lebanese Jeweler Robert Mouawad is the only billionaire living in Bahrain and is valued at $1.4 billion. Najib and Taha Mikati are the only Lebanese billionaires residing in Lebanon and are worth $2.5 billion each. Bahaa, Ayman, and Fahd Hariri—sons of the former Prime Minister of Lebanon, Rafiq Hariri now live in Europe and are worth $2 billion, $1.3 billion, and $1.1 billion, respectively.

 

The Richest Arab In The World 2021

 

10. Suhail Bahwan ( Net worth: $2.3 Billion )

Suhail Bahwan
Suhail Bahwan

Suhail Bahwan is the founder and chairman of Suhail Bahwan Group, one of the largest conglomerates in Oman. The company produces 1.3 million tons of urea each year. The firm also owns Nissan dealerships.

He first went into the business with his brother Saud in 1965, selling fishing nets. And building materials before scoring the Toyota dealership in 1975. In 2002, he split with his brother, who kept the Toyota dealership and passed it along to Mohammed after his death. According to Forbes Suhail Bahwan, Net worth is $2.3 Billion.

 

9. Hussain Sajwani ( Net worth: $2.4 Billion )

Hussain Sajwani
Hussain Sajwani

Hussain Sajwani is the founder and CEO of Dubai-based luxury real estate developer Damac Properties, founded in 2002. He first worked in the fast-food industry, serving the military and construction conglomerate Bechtel. In 2001. After Dubai allowed foreigners to own property, he shifted to real estate and sold units in a residential building in less than six months.

Damac teamed up with Donald Trump in 2013 to develop two Trump-branded golf courses in Dubai developments. Sajwani is known for extravagant marketing, sometimes offering free Lamborghinis to apartment buyers. He has co-branding deals with Versace and Bugatti. According to Forbes Hussain Sajwani, Net Worth is $2.4 Billion.

 

8. Taha Mikati ( Net worth: $2.5 Billion )

Taha Mikati
Taha Mikati

With his brother Najib, Taha Mikati is the co-founder of Beirut-based holding company Investcom, specializing in investment stakes in South African telecom company MTN, fashion retailer Pepe Jeans, and prime real estate in New York, London, and Monaco.

Selling satellite phones amid the crisis in Lebanon expanded into Africa, where they built cellphone towers in Ghana, Liberia, and Benin, among other places. In 2005, Investcom was listed on the London Stock Exchange, and in 2009, South Africa’s MTN bought Mikatis’ stake in the business for $3.6 billion. Taha Mikati net worth is $2.5 Billion.

 

7. Najib Mikati ( Net worth: $2.5 Billion )

Najib Mikati
Najib Mikati

Najib Mikati is the co-founder with his brother Taha of Beirut-based investment firm M1 Group. Its investments include stakes in South African telecom company MTN, fashion retailer Pepe Jeans, and real estate in New York, London and Monaco. Mikati and his brother Taha established Investcom in 1982.

In the 1980s, Investcom sold satellite telephones at the center of Lebanon’s civil war. Next, they expanded into Africa, where they constructed cellphone constructions in Ghana, Liberia, and Benin, among other nations. In 2005, Investcom went public on the London Stock Exchange, and in 2009, South Africa’s MTN acquired the Mikatis’ stake for $3.6 billion. Najib Mikati’s net worth is $2.5 Billion.

 

6. Mohamed Mansour ( Net worth: $2.5 Billion)

Mohamed Mansour
Mohamed Mansour

Mohamed Mansour runs the family group Mansour Group, established by his father Loutfy (D.1976) in 1952. Mansour established General Motors dealerships in Egypt in 1975, which became one of his group’s largest sellers in the world. Mansour Group also has exclusive distribution rights for Caterpillar equipment in Egypt and seven African countries.

He served as Egypt’s Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. His sons Yasseen and Youssef, who share ownership in the family group, are also billionaires; Loutfy heads the private equity arm Man Capital. Mohamed Mansour’s net worth is $2.5 Billion.

 

5. Abdulla bin Ahmad Al Ghurair ( Net worth: $2.8 Billion)

Abdulla bin Ahmad Al Ghurair
Abdulla bin Ahmad Al Ghurair

Al Ghurair founded Mashreqbank, a leading United Arab Emirates bank, in 1967. He stepped down as chairman in October 2019 but remains a board member. His eponymous holding company has interests in food, construction and real estate; non-family members are part of the leadership team.

His construction company did the exterior cladding of Burj Khalifa, the world’s tallest building, and helped build the Dubai Metro. His brother Saif Al Ghurair, who passed away in August 2019, was also a billionaire. Abdulla bin Ahmad Al Ghurair’s net worth is $2.8 Billion.

 

4. Naguib Sawiris ( Net worth: $3.2 Billion)

Naguib Sawiris
Naguib Sawiris

Naguib Sawiris is the son of Egypt’s wealthiest family. His brother Nassef is also a tycoon. He built a telecom fortune by developing Orascom Telecom in 2011, which was purchased by Russian telecom company VimpelCom (currently VEON) at a multibillion-dollar price tag.

Sarwat Sawiris is chairman of the telecom company Orascom TMT Investments. which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay-TV and video news network Euronews. He also developed a luxury resort called Silversands on the Caribbean island of Grenada. Naguib Sawiris’s net worth is $3.2 Billion.

 

3. Majid Al Futtaim ( Net worth: $3.6 Billion)

Majid Al Futtaim
Majid Al Futtaim

Majid Al Futtaim founded Majid Al Futtaim Holding, known formerly as MAF, in 1992. MAF owns 13 hotels and 26 malls, including the Mall of the Emirates in Dubai and the Mall of Egypt in Cairo. It also has the exclusive license to operate hypermarkets for French company Carrefour across the Middle East,

North Africa and Central Asia. His son Tariq sits on the board while non-family members manage the conglomerate, which publishes its revenues and profits annually. The group had $9.4 billion in revenue in 2018 but registered a small loss because of a market downturn. Majid Al Futtaim’s net worth is $3.6 Billion.

 

2. Issad Rebrab ( Net worth: $4.8 Billion)

Issad Rebrab
Issad Rebrab

Issad Rebrab is the founder and CEO of Cevital, Algeria’s largest privately-held company. Cevital owns one of the largest sugar refineries in the world, with the ability to produce over 2 million tons a year. Cevital owns European businesses, including French home appliances manufacturer Groupe Brandt,

an Italian steel mill and a German water purification company. After serving 8 months in jail on charges of corruption, Rebrab was released on January 1, 2020. He denies any wrongdoing. Issad Rebrab’s net worth is $4.8 Billion.

 

1. Nassef Sawiris ( Net worth: $8.3 Billion)

Nassef Sawiris
Nassef Sawiris

Nassef Sawiris is an investor and a scion of Egypt’s wealthiest family. His most valuable asset is a nearly 6% stake in sportswear maker Adidas. In December 2020, he acquired a 5% stake in New York-listed firm Madison Square Garden Sports, owner of the NBA Knicks and the NHL Rangers teams.

He runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa; it trades on the Euronext Amsterdam exchange. Orascom Construction, an engineering and building firm, trades on the Cairo exchange and Nasdaq Dubai. Nassef Sawiris’s net worth is $8.3 Billion.

 

 

 

The Richest Arab In The World 2021

RankNameNet Worth
1Nassef Sawiris
$8.3 Billion
2Issad Rebrab$4.8 Billion
3Majid Al Futtaim $3.6 Billion
4Naguib Sawiris $3.2 Billion
5Abdulla bin Ahmad Al Ghurair$2.8 Billion
6Mohamed Mansour$2.5 Billion
7Najib Mikati
$2.5 Billion
8Taha Mikati$2.5 Billion
9Hussain Sajwani$2.4 Billion
10Suhail Bahwan$2.3 Billion
11Abdulla Al Futtaim$2.2 Billion
12Bahaa Hariri
$2.0 Billion
13Aziz Akhannouch$1.9 Billion
14Mohamed Al Fayed$1.8 Billion
15Faisal Bin Qassim Al Thani
$1.6 Billion
16Youssef Mansour$1.5 Billion
17Robert Mouawad$1.4 Billion
18Ayman Hariri$1.3 Billion
19Hamad bin Jassim Al Thani$1.3 Billion
20Othman Benjelloun$1.3 Billion
21Fahed Hariri$1.1 Billion
22Yasseen Mansour
$1.1 Billion

Read more about The Richest Arab In The World 2021 On Forbes Middle East.