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

SourceTimes of Oman
SectorEconomy
CountryMiddle east

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...read more...