Meet top 10 billionaires of Middle-East, no match for Mukesh Ambani, Gautam Adani, richest has net worth of Rs…
GH News January 02, 2025 10:06 PM
The Middle-East owing to its oil-based economy powered by vast reserves of oil and natural is perhaps the most prosperous and wealthiest region on the planet. However most of the richest billionaires in the Middle-East are not Arabs but from various ethnicities across the world who have become citizens of Middle-Eastern countries.
Let us take a look at the top 10 billionaires in the Middle-East in 2024.
1. Pavel Durov
A Russian-born businessman 39-year-old Pavel Durov is the creator of the Telegram messaging app and the richest person in the UAE boasting a net worth of $15.5 billion according to Forbes Real Time Billionaires List.
2. Nassef Sawiris
The richest man in Egypt and the worlds wealthiest Arab (besides the royals in these countries Nassef Sawiris is an Egyptian businessman with a net worth of $7.7 billion as per Forbes. Nassef 62 who is engaged in the construction and chemical business increased his wealth by $1.4 billion last year.
3. M.A. Yusuff Ali
The founder of Lulu Group which is famous for its supermarkets and expansive luxury malls 68-year-old M.A. Yusuff Ali is the wealthiest Indian-origin person in the Middle-East boasting a net worth of $6.5 billion.
4. Abdulla Al Ghurair
The founder and chairman of UAEs Mashreqbank Abdulla bin Ahmad Al Ghurair is an Emirati billionaire businessman. The Al Ghurair family is one of wealthiest in the Middle-East with businesses spread across banking and real estate. Abdulla Al Ghurair 96 has a net worth of $4.2 billion.
5. Shamsheer Vayalil
A doctor by profession Indian-origin Shamsheer Vayayil is the founder of Burjeel Holdings and one of the biggest healthcare tycoons in the Middle East. The 46-year-old radiologist has a net worth of $2.6 billion with his fortunes swelling after Burjeel Holdings became a listed company in 2022.
6. Issad Rebrab
The richest man in Algeria Issad Rebrab is founder and CEO of the Cevital Industrial Group Algerias largest private company which runs one of the biggest sugar refineries in the world. Issad Rebrab 79 has a net worth of $2.5 billion according to Forbes.
7. Kabir Mulchandani
Dubai-based Kabir Mulchandani is an Indian-born is real-estate tycoon who is the Founder and Chairman of FIVE Holdings which includes FIVE Hotels and Resorts; FIVE Palm Jumeirah FIVE Jumeirah Village FIVE Zurich FIVE LUXE and FIVE Music along with The Pacha Group.
The 54-year-old has a net worth of $2 billion.
8. Renuka Jagtiani
The chairwoman and CEO of Landmark Group a Dubai-based multinational consumer conglomerate founded by her husband Micky Jagtiani Indian-born Renuka Jagtiani 61 is the only female billionaire in the Middle-East boasting a net worth of $5.6 billion as per Forbes.
9. Robert Mouawad
A Lebanese businessman who comes from a long-line of jewelers with his family starting their business in 1890 Robert Mouawad is known for his collection of exquisite diamonds. Apart from the jewelry business Mouawad also owns extensive real estate and has developed luxury residences on a man-made island in Bahrain.
Robert Mouawad 73 has a net worth of $1.5 billion according to Forbes.
10. Othman Benjelloun
Middle Easts only active banking billionaire Othman Benjelloun is a Moroccan financier known for developing BMCE Bank and Bank of Africa and serving as the groups chairman and CEO. According to Forbes 91-year-old Othman Benjelloun has a net worth of $1.4 billion.
No match for Mukesh Ambani Gautam Adani
However despite their impressive wealth the billionaires of Middle-East are no match Indian business tycoons like Reliance Chairman Mukesh Ambani and Gautam Adani-- the founder of Adani Group with each of them individually possessing more wealth than the combined fortunes of Middle-Easts top 10 billionaires.
According to Forbes Mukesh Ambani has a real-time net worth of $96.1 billion making him the richest man in Asia and the 18th wealthiest globally while Gautam Adani has a net worth of $62.8 billion and is ranked as the 25th richest person in the world.