This year, there are 22 more Arab billionaires worldwide than in 2020, while 2019’s list omitted Kuwait’s Kutayba Alghanim but welcomed back Qatar’s Hamad bin Jassim Al Thani, who has an estimated wealth of $1.3 billion, and Morocco’s Othman Benjelloun & family, who also has an estimated wealth of $1.3 billion.
Egypt’s Nassef Sawiris remains the world’s richest Arab in 2021, with a net worth of $8.3 billion, up to $3.3 billion from last year. His most valuable asset is a 6% share in the sportswear company Adidas. He is also the CEO of OCI, one of the world’s major nitrogen fertilizer producers, having plants in Texas and Iowa.
Issad Rebrab and their family, Algeria’s only billionaires, are the world’s second-richest Arabs, with $4.8 billion. Rebrab is the founder and CEO of Cevital, the largest privately held firm in Algeria. Cevital owns one of the world’s largest sugar refineries, with a capacity of two million tons of refined sugar per year.
Faisal Bin Qassim Al Thani, Qatar’s second billionaire, owns Al Faisal Holdings, worth $1.6 billion. Suhail Bahwan, Oman’s only billionaire, is worth $2.3 billion.
The Richest Arab In The World 2021
5. Abdulla bin Ahmad Al Ghurair ( Net worth: $2.8 Billion)
Abdulla bin Ahmad Al Ghurair is a self-made billionaire who has made his fortune in the banking and investments industry. He is the wealthiest Arab globally, with a net worth of $2.8 billion. Al Ghurair started his own company, Mashreqbank, in 1967 and has since become one of the most successful businessmen in the region. He is also a prominent philanthropist, donating millions of dollars to various causes each year.
4. Naguib Sawiris ( Net worth: $3.2 Billion)
Naguib Sawiris is an Egyptian businessman, investor, and philanthropist. He is the founder and chairman of Orascom Telecom Media and Technology Holding S.A.E. (OTMT), one of the largest telecommunications companies in the Middle East. Sawiris is also the founder and former CEO of Wind Mobile Canada, a Canadian telecom company. In March 2020, Sawiris’s net worth was estimated at $3.2 billion, making him the wealthiest Arab in the world.
3. Majid Al Futtaim ( Net worth: $3.6 Billion)
Majid Al Futtaim is a UAE national and the richest Arab in the world, with an estimated net worth of $3.6 billion as of 2021. He made his fortune through diversified real estate, retail, hospitality, and leisure. Some of his most notable projects include the Mall of the Emirates in Dubai and City Centre malls across the region.
2. Issad Rebrab ( Net worth: $4.8 Billion)
Issad Rebrab is the wealthiest Arab in the world and one of the wealthiest people in Africa, with an estimated net worth of $4.8 billion as of 2021. He is the founder and CEO of Algeria’s biggest privately-owned company, Cevital, which operates in various industries, including agriculture, food processing, steelmaking, and construction. Rebrab is also a significant player in Algeria’s mining industry.
1. Nassef Sawiris ( Net worth: $8.3 Billion)
Nassef Sawiris is the richest Arab in the world, and he has a net worth of $8.3 billion as of 2021. Sawiris was born on November 3, 1961, in Egypt. He is the eldest son of Onsi Sawiris, a billionaire. Sawiris founded Orascom Construction Industries in 1950, and he currently serves as its chairman. The company operates in over 20 countries, and it specializes in construction, engineering, and telecommunications.