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Wednesday, April 8, 2015

Richest Arabs Of The World

Forbes Middle East has once again opened up a world of wealth, revealing a top 100 lineup of the richest Arabs in the world. Despite plunging oil prices, the world's top 100 tycoons have continued to build their fortunes, amassing combined wealth of $ 174.37 billion, an $8.3 billion on the year 2014. The number of billionaires has risen too, 49 feature this time around, four more than last year, with shared wealth of $ 155.1 billion, up $7.4 billion on the previous year. In fact, 56 of 100 billionaires and millionaires in this this year's list recorded an increase in their overall wealth and the 15 newcomers to the 2015 list indicate that there is more to come. Saudi Arabia's Prince Alwaleed Bin Talal Al Saud once again tops the ranking, with an estimated fortune of $ 22.6 billion.
Entries from the UAE and Egypt rank alogside business moguls from a total of 12 Arab countries, Saudi Arabia tops the list. Forbes Middle East's top 100 richest Arabs build on Forbes US recent Billionaires list, which features a total of 1,826 names with an aggregate net worth of $ 7.05 trillion. Bill Gates leads the charge once again, the position he has been holding for 16 years out of 21, with wealth to the tune of $79.2 billion, up $3.2 billion from last year.

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