Forbes spotlight on Arabian billionaires

02/04/2009 - Dubai Investment News
Forbes spotlight on Arabian billionaires

Forbes magazine has once again put the spotlight on the wealth in the Middle East with the publication of the 2009 Arab Billionaires List.

The UAE has again provided a sizable contingent of ultra-wealthy individuals, with six Emiratis worth a total of $21.4 billion receiving a mention in the list.

This puts the emirates second only to Saudi Arabia in terms of the number of billionaires in the list by nationality.

And particularly prominent among his fellow Emiratis was Sheikh Mansour bin Zayed Al Nahyan, the minister for UAE presidential affairs, who made the list for the first time with a total fortune of $4.9 billion.

The sheikh has become particularly well known in Britain since he bought a majority stake in Manchester City Football Club last year.

Meanwhile, Forbes also praised Abdul Aziz Al Ghurair, chief executive of Mashreq Bank, who was ranked first in the UAE and fourth in the Arab world.

In 2008, Salma Hareb, the chief executive officer of Economic Zones World and Jebel Ali Free Zone Authority, was singled out by Forbes as the most powerful Arabian businesswoman.ADNFCR-2019-ID-19105515-ADNFCR