These 2023 Wealthiest Arab Businessmen tycoons have built empires in various sectors, such as construction, banking, telecom, retail, and more.
Nurturing so many successful and influential individuals, it’s no wonder the Arab nation is home to some of the wealthiest businessmen in the world. From Egypt to Algeria, Lebanon to Qatar, these business tycoons have built empires in various sectors, such as construction, banking, telecom, retail, and more. They have also contributed to the economic and social development of their countries and regions, as well as to philanthropic causes.
According to Forbes, there are 21 Arab businessmen billionaires in the world as of 2023, with a combined net worth of $53.9 billion. This is an increase from 2022 when there were 20 Arab billionaires with a total net worth of $52.9 billion. However, the number of Arab billionaires has decreased from 2021, when there were 23 Arab billionaires with a collective net worth of $58.7 billion.
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2023 Wealthiest Arab Businessmen:
The wealthiest Arab businessman in the world is the Egyptian billionaire, Nassef Sawiris, the CEO of OCI, one of the world’s largest nitrogen fertilizer producers. He also owns a stake in sportswear maker Adidas, cement giant LafargeHolcim, and Aston Villa Football Club. His net worth is estimated at $7.4 billion, down from $7.7 billion in 2022 and $8.3 billion in 2021.
The second wealthiest Arab in the world is Issad Rebrab, an Algerian businessman who is the founder and CEO of Cevital, Algeria’s largest privately-held company. Cevital owns one of the largest sugar refineries in the world, as well as businesses in agribusiness, steel, automotive, and electronics. His net worth is estimated at $4.6 billion, down from $5.1 billion in 2022 and $4.8 billion in 2021.
The third wealthiest Arab businessman in the world is the Emirati Hussain Sajwani, who is the founder and chairman of DAMAC Properties, one of the leading real estate developers in the Middle East. He also has investments in luxury hospitality, education, and financial services. His net worth is estimated at $3.9 billion, up from $2.3 billion in 2022 and $1.4 billion in 2021.
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The fourth wealthiest Arab businessman in the world is the Egyptian billionaire, Mohamed Mansour, who is the chairman of Mansour Group, a conglomerate that operates in more than 100 countries. Mansour Group is the exclusive distributor of General Motors vehicles in Egypt, Iraq, Libya, and Sudan, and also has interests in Caterpillar, McDonald’s, Metro, and Philip Morris. His net worth is estimated at $3.3 billion, up from $2.3 billion in 2022 and $1.9 billion in 2021.
The fifth wealthiest Arab businessman in the world is the Egyptian billionaire, Naguib Sawiris, the chairman of Orascom Investment Holding, a holding company that invests in telecom, media, technology, and mining. He also owns a stake in Euronews and is the founder of the Free Egyptians Party, a liberal political party in Egypt. His net worth is estimated at $3.2 billion, down from $3.4 billion in 2022 and $3 billion in 2021.
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The rest of the top 10 wealthiest Arab Businessmen in the world are:
– Abdulla bin Ahmad Al Ghurair & family, Emirati, $2.8 billion
– Najib Mikati, Lebanese, $2.7 billion
– Taha Mikati, Lebanese, $2.7 billion
– Suhail Bahwan, Omani, $2.5 billion
– Abdulla Al Futtaim & family, Emirati, $2.1 billion
These are the top wealthiest Arab businessmen in the world, according to Forbes. They have shown remarkable resilience and innovation in the face of challenges and opportunities, and have made their mark on the global stage. They are also role models for aspiring entrepreneurs and leaders in the Arab world and beyond to follow in the footsteps of these wealthy Arab Businessmen.
