H. Kong retail sales inch up in June '25    Egypt's SCZONE breaks ground on $55m Chinese textile projects in Sokhna    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Japan's c. bank holds key interest rate    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sawiris family dominates Forbes' ‘World's Richest Arabs 2018' list
Nassef Sawiris tops the list, while Naguib Sawiris came in the sixth spot
Published in Daily News Egypt on 08 - 03 - 2018

Forbes announced their "Billionaires 2018" and "The World's Richest Arabs 2018" lists, which for the first time did not include any Saudis. In this year's Arab list, 31 individuals were chosen, with a total wealth of $76.7bn. Egyptian construction and chemicals industry tycoon Nassef Sawiris topped the Egyptian and Emirati-dominated list with a net worth of $6.6bn, coming in the 251st place globally.
Nassef's brother Naguib Sawiris came in the sixth place with a net worth of $4bn, and came in second among the top six Egyptian billionaires included in the list.
To put things in perspective, both Sawiris brothers' net worth exceeded billionaire US president's net worth, which recorded $3.1bn.
The Sawiris brothers were not the only Egyptian family included; Egyptian billionaire Mohamed Mansour came in the 10th place among the wealthiest Arabs, and the third Egyptian, with a net worth of $2.7bn, while Yasseen Mansour came in the 15th spot with a net worth of $1.9bn, and Youssef Mansour ranked 24th on the richest Arab list and sixth on the Egyptian wealthiest list with $1.4bn, following Mohamed Al-Fayed, who came in the 17 place on the Arab list and the fifth among wealthiest Egyptians.
On the other hand, the UAE had seven entries and the highest number of billionaires from one country, with Abdulla Bin Ahmad Al Ghurair leading the Emirati billionaire list and ranking second in the Arab countries, with a net worth of $5.9bn.
He was followed by real estate tycoon Majid Al Futtaim, who came in the third place with $4.6bn, and Hussain Sajwani with $4.1bn.
Other remarkable list entrees included the owner of Algeria's biggest privately held company, Issad Rebrab, who came in fifth place on the Arab list, with $4bn worth of investment. Lebanon's Prime Minister Saad Hariri was also listed with a net worth of $1.5bn.
Furthermore, on the "The World's Billionaires" list, Amazon founder and CEO Jeff Bezos came in the first place as the world wealthiest person, with a net worth of $127.3bn, increasing by $1.1bn from the 2017 list.


Clic here to read the story from its source.