10 Richest People From The Middle East

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8 years ago

10. Aymin Hariri $1.4 Billion

Ayman Rafic Hariri is a Lebanese billionaire heir and businessman, the second youngest son of Rafic Hariri. He was born in 1978(37 years). He is the son of slain Lebanese Prime Minister Rafik Hariri. He’s involved in running Saudi Oger, one of Saudi Arabia’s biggest construction companies and the source of the Hariri family fortune.

Oger was part of a venture that won a $653 million contract in January 2013 to build a local branch of the Jean Nouvel-designed Louvre museum in Abu Dhabi. Oger’s other interests include telecommunications; it has a major stake in Turk Telekom. He also owns shares in Middle Eastern banks, including Jordan’s Arab Bank. He’s ranked number 6 in Lebanon having a Net worth of $1.1 billion. He’s currently residing in Riyadh, Saudi Arabia and he’s married with a child.

9. Mohammed Al Rajhi $1.5 Billion

Mohammed Al Rajhi was born in Saudi Arabia and also reside there. Hes rank number 365 richest man by forbes having a Net Worth of $1.5 dollars. Along with his brothers, he owns a company named Mohammed Abdulaziz Al-Rajhi & Sons Holding Company (MARS) which is one of the largest leading industrial groups in the Kingdom of Saudi Arabia which has five subsidiary companies in the fields of steel, water, home appliances, plastic, and heavy industries.

The group’s subsidiaries include Rajhi Steel Company Ltd, Fayha Company Ltd, Al Jazirah Company for Home Appliances, Falcon Company for Plastic Industries, and Al Rajhi Heavy Industries Company. Each of these companies has a presence both inside and outside of the kingdom. A number of its subsidiary companies received industrial and quality awards including ISO 9001 certification and some other highly reputed product conformity certificates.

8. Abdullah Al Rajhi $2.6 Billion

Saleh Abdul Aziz Al Rajhi born in Saudi Arabia in 1921 was the founder of, and owner of the second largest individual stake in, the Al-Rajhi Bank, which has consistently reported the most profitable operations amongst all of Saudi Arabia’s banking groups.

Abdullah Al Rajhi, together with brothers Sulaiman (also a billionaire), Mohammed, and the late Saleh, formed more than 50 years ago Al Rajhi Bank, one of the largest Islamic banks in the world. The Al Rajhi family still dominates the board of the publicly-traded bank.

Abdullah Al Rajhi also owns a stake in Islamic bank powerhouse Al Baraka Banking Group, founded by fellow billionaire Saleh Kamel. Other holdings include stakes in cement and agriculture companies. He’s ranked 7th in Saudi Arabia with net worth of $1.36 billion. He died in 2011.

7. Saleh Kamel $2.9 Billion

Saleh Kamel was born 74 years ago and he is the founder and chairman of Dallah Albaraka, a conglomerate with interests in Islamic banking, real estate development and food production. He took subsidiary Dallah Health public in 2012, keeping a 52% stake. The company runs a hospital in Riyadh and distributes pharmaceuticals and dietary supplements.

Kamel is also chairman of Al Baraka, which operates Islamic banks throughout the Middle East, as well as in Pakistan and Indonesia. Hes ranked 5th richest man in Saudi Arabia with a net worth of $1.9 biilion dollars. He owned the ART TV network, the only sports channels that broadcast the FIFA world cup in the Middle East. He is married, with two children, and lives in Jeddah, Saudi Arabia.

6. Mohammed Al Issa (Mohamed Bin Issa Al Jaber) $3.7 Billion

5. Prince Sultan bin Mohammed bin Saud Al Kabeer $4.2 Billion

Sultan bin Mohammed bin Saud Al Kabeer was born in 1954 in Riyadh Saudi Arabia, he is a member of House of Saud and a businessman.[3] He is one of the founders of Almarai, the largest integrated dairy foods company in the world.Prince Sultan Al Kabeer is a member of the Saudi royal family. He founded dairy company Almarai in 1977 and took it public in 2005, keeping a nearly 29% stake. One of the largest dairy operations in the Middle East, Almarai trucks milk from its Holstein cows throughout the Gulf countries. According to the Breeders’ Cup horse racing organization, Al Kabeer keeps a stud farm outside of Riyadh where he trains some 100 horses. He’s ranked 3rd richest billionaires in Saudi Arabia with a net worth of $4.2 billion dollars.

4. Saleh Al Rajhi $5.8 Billion

Saleh Abdul Aziz Al Rajhi was born in saudi arabia in 1921 and was the founder of, and owner of the second largest individual stake in, the Al-Rajhi Bank, which has consistently reported the most profitable operations amongst all of Saudi Arabia’s banking groups. Abdullah Al Rajhi, together with brothers Sulaiman (also a billionaire), Mohammed, and the late Saleh, formed more than 50 years ago Al Rajhi Bank, one of the largest Islamic banks in the world.

The Al Rajhi family still dominates the board of the publicly-traded bank. He also owns a stake in Islamic bank powerhouse Al Baraka Banking Group, founded by fellow billionaire Saleh Kamel. Other holdings include stakes in cement and agriculture companies. He’s ranked 7th in Saudi Arabia with net worth of $1.36 billion. He died in 2011.

3. Sulaiman Al Rajhi $6.5 Billion

Sheikh Sulaiman bin Abdulaziz Al Rajhi was born in 1920. he’s is a Saudi Arabian corporate figure and billionaire. He grew up in the Nejd desert where he and his brother Saleh began their business by changing money for pilgrims taking camel caravans across the desert to the cities of Mecca and Medina.

Sulaiman Abdulaziz Al Rajhi holds the largest individual stake in his family’s Al Rajhi Bank, which has consistently reported the most profitable operations amongst all of Saudi Arabia’s banking groups. A co-founder of the bank, with older brother, Saleh, he is currently the chairman of what is nationally recognized as the Tadawul’s most venerable institution. The Al Rajhi family is considered, by most in Saudi Arabia, as the country’s wealthiest non-royals, and among the world’s leading philanthropists. He’s ranked 6th richest billionaire in Saudi Arabia with a net worth of $6.5 billion dollars.

2. Mohammed Al Amoudi $14.1 Billion

Mohammed Hussein Ali Al Amoudi is a Saudi Arabian and Ethiopian billionaire businessman born in Ethiopia. He is the Son of a Saudi father and Ethiopian mother, Mohammed Al Amoudi has accumulated a portfolio of construction, agricultural, and energy companies across Saudi Arabia and Ethiopia since the 1970s. He made his initial fortune in construction in Saudi Arabia, and continues to build complexes from hospital centers to university buildings.

In Ethiopia he has invested in sectors including agriculture, cement production and gold mining. His Saudi Star has cultivated thousands of acres of land for fruits, vegetables, cereals, coffee, tea, flowers and most recently rice fields for customers in Ethiopia and abroad – he exports coffee beans to Starbucks and tea leaves to Lipton.

He has a net worth estimated at $14.1 billion. Forbes named him as Ethiopia’s richest man, the second richest Saudi Arabian citizen in the world and the second richest black person in the world.[2] Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden. He’s ranked 2nd richest billionaire in Saudi Arabia.

1. Prince Alwaleed Bin Talal Alsaud $21.8 Billion

Al-Waleed Bin Talal bin Abdulaziz al Saud is a Saudi business magnate, investor and a member of the Saudi royal family born on 7 March 1955 in Saudi Arabia. Al-Waleed is the founder, the chief executive officer and 95 percent-owner[6] of the Kingdom Holding Company, a Forbes Global 2000 company with investments in companies within various sectors such as banking and financial services, hotels and hotel management companies, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology, and real estate. Waleed is also Citigroup’s largest individual shareholder, the second-largest voting shareholder in 21st Century Fox, he owns Paris’s Four Seasons Hotel George V and part of Plaza Hotel.

His business acumen and shrewd entrepreneurial prowess have earned him comparisons to American investor and business magnate Warren Buffett. Due to his prominence as a businessman, he was acknowledged by Time, who labeled the Prince as the “Arabian Warren Buffett”. He’s ranked most richest billionaire in Saudi Arabia with total net worth of $21.8 billion dollars.

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