2020 and the first quarter of 2021 was a challenging period for countries, companies and individuals financially. Many struggled to remain in the market while others managed to make a fortune.
Here is a list of the 10 richest Arab men in 2021:
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1.Nassef Sawiris (Net worth 2021: $8.3 billion): He is an investor and a scion of Egypt’s wealthiest family. His most valuable asset is a nearly 6% stake in sportswear maker Adidas.
2. Issad Rebrab (Net worth 2021: $4.8 billion): He is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Cevital owns one of the largest sugar refineries in the world.
3.Majid Al Futtaim & family (Net worth 2021: $3.6 billion): Majid Al Futtaim founded retailing and entertainment giant Majid Al Futtaim Holding, known as MAF, in 1992.
4. Naguib Sawiris (Net worth 2021: $3.2 billion): He is the brother of the richest Arab man, Nassef.. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
5. Abdulla Al Ghurair (Net worth 2021: $2.8 billion): He founded Mashreqbank, a leading U.A.E. bank, in 1967. He stepped down as chairman in October 2019, but remains a board member.
6. Mohamed Mansour (Net worth 2021: $2.5 billion): He oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees.
7. Najib Mikati (Net worth 2021: $2.5 billion): He is the cofounder, with his billionaire brother Taha, of Beirut-based investment firm M1 Group.
8.Taha Mikati (Net worth 2021: $2.5 billion): He is the co-founder, with his billionaire brother Najib, of Beirut-based holding company M1 Group.
9. 9. Hussain Sajwani (Net worth 2021: $2.4 billion): He is the chairman of Dubai-based luxury real estate developer Damac Properties, which he founded in 2002.
10. Suhail Bahwan (Net worth 2021: $2.3 billion): He is the founder and chairman of Suhail Bahwan Group, one of the largest conglomerates in Oman.
1.Nassef Sawiris (Net worth 2021: $8.3 billion): He is an investor and a scion of Egypt’s wealthiest family. His most valuable asset is a nearly 6% stake in sportswear maker Adidas.
2. Issad Rebrab (Net worth 2021: $4.8 billion): He is the founder and CEO of Cevital, Algeria’s biggest privately-held company. Cevital owns one of the largest sugar refineries in the world.
3.Majid Al Futtaim & family (Net worth 2021: $3.6 billion): Majid Al Futtaim founded retailing and entertainment giant Majid Al Futtaim Holding, known as MAF, in 1992.
4. Naguib Sawiris (Net worth 2021: $3.2 billion): He is the brother of the richest Arab man, Nassef.. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
5. Abdulla Al Ghurair (Net worth 2021: $2.8 billion): He founded Mashreqbank, a leading U.A.E. bank, in 1967. He stepped down as chairman in October 2019, but remains a board member.
6. Mohamed Mansour (Net worth 2021: $2.5 billion): He oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees.
7. Najib Mikati (Net worth 2021: $2.5 billion): He is the cofounder, with his billionaire brother Taha, of Beirut-based investment firm M1 Group.
8.Taha Mikati (Net worth 2021: $2.5 billion): He is the co-founder, with his billionaire brother Najib, of Beirut-based holding company M1 Group.
9. 9. Hussain Sajwani (Net worth 2021: $2.4 billion): He is the chairman of Dubai-based luxury real estate developer Damac Properties, which he founded in 2002.
10. Suhail Bahwan (Net worth 2021: $2.3 billion): He is the founder and chairman of Suhail Bahwan Group, one of the largest conglomerates in Oman.
