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Alwaleed tops list of wealthiest Arabs
The Saudi Gazette Published in The Saudi Gazette on 05 - 04 - 2011

JEDDAH: Forbes Middle East revealed in its sixth edition, the list of the 34 wealthiest Arabs of 2011. The total sum of their wealth accumulates to $127 billion, in comparison to $115.3 billion last year. Alwaleed Bin Talal remains on the top of the list.
The list is considered the main indicator of wealth and where it is distributed throughout the economic sectors of the world. Saudi Arabia, Egypt, Lebanon, UAE and Kuwait had the highest number of billionaires throughout the MENA region, with Saudi Arabia and Egypt leading the way with the highest number of billionaires, with 8 billionaires each.
New entries to the list were Yassin Yusuf and Mohamed Mansour from Egypt of which Mohamed Mansour ranked highest with a $2 billion fortune and positioned him 595th worldwide and 17th among the richest Arabs. Mohamed Al Fayed also entered the list for the first time with a fortune of $1.2 billion and were ranked 32nd among Arabs and 993rd worldwide. Nassif Sawiris's $5.6 billion fortune has granted him the first place on the Egyptian list of billionaires and 7th place in the Arab world and 182nd place globally.
With 6 billionaires Lebanon ranked in second place with the wealth concentrated to two main families: the Al-Mikati family and the Al Hariri family. Prime Minister Nagib Mikati's net fortune amounted to $2.8 billion ranking him first on the Lebanese list, 10th among Arabs and 409th globally.

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