Omani among World’s Top Richest Arabs 2022: Forbes Middle East

Muscat: Forbes has released its 36th World’s Billionaires ranking for 2022, featuring the world’s 2,668 richest people- 87 down from 2021. This year saw 236 first-time additions to the list and 329 people who lost their billionaire status.

The cohort of the world’s richest Arab largely remains the same as 2021. This year there are 21 Arab billionaires worldwide compared to 22 in 2021. Combined, the cohort has seen their aggregate fortune decline fractionally to $52.9 billion in 2022, compared to $53.4 billon a year earlier. Emirate Tycoon Majid Al Futtaim, who passed away in December 2021, was the only drop off in the 2022 list. Saudi billionaires were excluded from Forbes ‘Worlds Billionaires 2022 ranking for the fifth consecutive year.

Globally, no one got richer than Elon Musk, who tops the World’s Billionaires list for the first time ever. The world’s richest person has a net worth of $219 billion on the back of a 33% jump in the share price of his electric vehicle maker Tesla. Musk surpassed Jeff Bezos, who fell to No.2 for the first time in four years due to a 3% drop in Amazon stock and increased charitable giving.

World’s Top 10 Richest Arabs 2022

1, Nassef Sawiris – Net worth 2022: $7.7 billion – Nationality – Egyptian

2, Issad Rebrab and Family – Net worth 2022: $5.1 billion – Nationality – Algerian

3, Naguib Sawiris – Net worth 2022: $3.4 billion – Nationality – Egyptian

4, Najib Mikati – Net worth 2022: $3.2 billion – Nationality – Lebanese

5, Taha Mikati – Net worth 2022: $3.2 billion – Nationality – Lebanese

6, Hussain Sajwani – Net worth 2022: $2.7 billion – Nationality – Emirati

7, Abdulla bin Ahmad Al Ghurair and Family – Net worth 2022: $2.6 billion – Nationality – Emirati

8, Abdulla Al Futtaim and Family – Net worth 2022: $2.5 billion – Nationality – Emirati

9, Mohamed Mansour – Net worth 2022: $2.5 billion – Nationality – Egyptian

10, Suhail Bahwan – Net worth 2022: $2.5 billion – Nationality – Omani