Rank 1
HRH Prince Alwaleed
Age : 57
Wealth : $21.30 bn
Nature of Business: Banking & Finance
From : Saudi Arabia
World Richest Rank: 26
Brief Introduction:
- Prince Al-Waleed bin Talal is a member of the Saudi royal family. He is the nephew of King Abdullah of
- Al-Waleed completes his Master's of Social Science with honors from
- He began his business career in 1979 as an investor.
- He is founder, CEO and 95%-owner of Kingdom Holding Company
- Will make new investments in
Rank 2
Mohamed Al Jaber
Age : 53
Wealth : $12.75bn
Nature of Business: Real Estate
From : Saudi Arabia
World Richest Rank: 33
Brief Introduction:
- Mohamed Bin Issa Al Jaber is the founder, Chairman & CEO of MBI International.
- Over twenty five years, MBI Al Jaber's businesses have expanded into:
* JJW Hotels & Resorts
* AJWA Group for Food Industries
* Jadawel International
* Continentoil
- He constantly and tirelessly expends his commitment to education reform and the promotion of peace and tolerance.
Rank 3
Lubna Suliman Olayan
Age : 57
Wealth : $11.90bn
Nature of Business: Banking & Finance
From : Saudi Arabia
Brief Introduction:
- Lubna Suliman Olayan considered to be one of the most influential businesswomen in the world
- Ms. Lubna S. Olayan is the chief executive officer of the Olayan Financing Company (OFC), the holding entity for the Olayan Group's operations in the
- She is married to an international attorney, John Xefos and they have three daughters all living in
- Expansive Olayan Group includes more than 40 companies, and is a leading investor in the region's Coca-Cola bottling company and Burger King franchises. Passions: Just one, business.
- Olayan recently acquired 30 million shares in Dutch bank ABN AMRO
Issam Alzahid
Wealth : $10.70bn
Nature of Business: Construction & Industry
From : Saudi Arabia
World Richest Rank:
Brief Introduction:
- Issam Alzahid is the chairman of the Alzahid Group of Companies which was started in 1951 under the banner Alzahid Construction.
- By 1958 the company was in full swing, building everything from bridges to tunnels and flyovers.
- Has a significant interest in mining, logistics, oil and gas, manufacturing, information technology, foodstuffs, retail and many other sectors.
Mohammed Al Amoudi
Age : 66
Wealth : $10.40bn
Nature of Business: Real Estate
From : Saudi Arabia
World Richest Rank: 63
Brief Introduction:
- Al Amoudi starts his business in construction and real estate before branching out to buy oil refineries in
- Al Amoudi owns a broad portfolio of businesses not only in oil but also in mining, agriculture, hotels, hospitals, finance, operations and maintenance.
- He has recently pledged US$275 million alongside other Saudi and South Korean investors through MIDROC to finance a factory to build
- According to Forbes, as of March 2012 Al Amoudi is the richest black person in the world, having surpassed Aliko Dangote.
Rank 6
Wealth : $8.74 bn
Nature of Business: Retail
From : Kuwait
Brief Introduction:
- Nasser Kharafi passed away last year leaving the reins of the Kharafi Group in the hands of his sons.
- Runs $4.3 billion (sales) M.A. Kharafi & Sons in
- MA Kharafi and Sons has the exclusive franchise rights in the
- MA Kharafi Group now operates in more than 25 countries around the world.
- It also the largest individual stakeholder of popular doughnut company Krispy Kreme.
Bukhamseen Family
Wealth : $7.25 bn
Nature of Business: Banking & Finance
From : Kuwait
Last year's rank: 25
Brief Introduction:
- Bukhamseen Group was launched half a century ago as the vision of one man, Jawad Ahmed Bukhamseen.
- He founded the Jawad Bukhamseen Commercial Corporation in 1957
- The company has a primary interest in financial investment and banking.
- It also concerns in hospitality, travel and tourism, industrial production, media and communication work, consultancy services in urban planning, civil engineering, and major development projects in
Rank 8
Bin Ladin family
Wealth : $7.20 bn
Nature of Business: Construction & Industry
From : Saudi Arabia
Last year's rank: 5
Brief Introduction:
- Bin Ladin’s family which is now
- Mohammed Bin Ladin, the family also built several palaces in
- Mohammed left 54 sons and daughters from several marriages.
- Thirteen of his sons sit on the board of the family’s firm.
Rank 9
Bugshan family
Wealth : $7.00 bn
Nature of Business: Construction & Industry
From : Saudi Arabia
Last year's rank: 8
Brief Introduction:
- Based in Jeddah, they are associated with a plethora of business sectors, including automobiles, luxury cosmetics and watches, real estate and electronics.
- Ahmed Salem Bugshan Group (referred to as ASB) started as a steel manufacturer.
- In Saudi Arabia, ASB companies hold sole distribution rights for Bridgestone tyres, Nivea, and Christian Dior perfumes, to name a few.
Rank 10
Said Khoury
Wealth : $6.50 bn
Nature of Business: Construction & Industry
Nature of Business: Construction & Industry
From : Saudi Arabia
Last year's rank: 7
Brief Introduction:
- Said Khoury is renowned as much for his business acumen as his passionate support of the Palestinain cause.
- Born in Safad,
- With cousin Hasib Sabbagh, in 1952 he founded Consolidated Contractors International Company (CCC), one of the first Arab construction companies.
- CCC has built landmark projects in everything from
- CCC securing a contract related to oil pipe storage facilities for the Iraq Petroleum Company entailed working with the Bechtel Group, the world’s largest construction company.
