Forbes list-Omani businessman Suhail Bahwan among world’s richest Arabs| Times of Oman

  • Date: 08-Apr-2021
  • Source: Times of Oman
  • Sector:Economy
  • Country:Middle East
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Forbes list-Omani businessman Suhail Bahwan among world’s richest Arabs| Times of Oman

This year there are 22 Arab billionaires worldwide compared to 21 in 2020. Combined, the cohort has seen their aggregate fortune climb to $53. 4 billion in 2021, compared to $47. 3 billion a year earlier. While this year's list dropped Kuwait's Kutayba Alghanim, it 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 is still the wealthiest Arab worldwide, with a net worth of $8. 3 billion“”$3. 3 billion more than last year. His most valuable asset is a nearly 6% stake in sportswear maker 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. 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