The 30 richest billionaires in the GCC

Saudi Arabia’s Prince Alwaleed is the richest billionaire in the GCC, but take a look at the others. 

March 26, 2017

Forbes released their annual billionaire’s list last week. According to the Forbes, 2016 was a record year for the richest people on Earth. The number of billionaires rose from 1,810 the year before last to 2,043. The 233 headcount rise is the biggest change in the 31 years that Forbes has been tracking billionaires globally.

With a fortune of $86 billion – up from last year’s $75 billion – Bill Gates sits at the top of the list when it comes to richest people in the world – as he has done for 18 out of the past 23 years.

However, it’s Amazon’s Jeff Bezos who had the best financial year. Despite coming in third (after Gates and Warren Buffet) in the richest people in the world category, the 53-year-old entrepreneur rose his stock by $27.6 billion – more than any other person on the planet.

Coming to the GCC, Saudi’s Prince Alwaleed Bin Talal Alsaud is yet again the richest billionaire in the region after increasing his earning by $1.4 billion from last year. Prince Alwaleed is one of 11 people from Saudi Arabia who made it on the ten-figure list.

Here’s a complete list of the 30 billionaires in the GCC:

1. Prince Alwaleed Bin Talal Alsaud
Age: 61
Country: Saudi Arabia
Net Worth: 18.7 billion
Occupation: Chairman & CEO of Kingdom Holding Company


 2. Majid Al Futtaim
Age: -
Country: United Arab Emirates
Net Worth: $10.6 billion
Occupation: Investor


3. Mohammed Al Amoudi
Age: 69
Country: Saudi Arabia
Net Worth: $8.1 billion
Occupation: Owner Corral Petroleum Holdings and MIDROC


4. Abdulla bin Ahmad Al Ghurair
Age: -
Country: United Arab Emirates
Net Worth: $6.8 billion
Occupation: Diversified


5. Micky Jagtiani
Age: 65
Country of residence: United Arab Emirates
Net Worth: $4.5 billion
Occupation: Owner of Landmarkretail stores group


6. M.A. Yusuf Ali
Age: 61
Country of residence: United Arab Emirates
Net Worth: $4.5 billion
Occupation: Managing Director EMKE LuLu Group


7. Suhail Bahwan
Age: 78
Country: Oman
Net Worth: $4.1 billion
Occupation: Diversified


8. Abdulla Al Futtaim
Age: -
Country: United Arab Emirates
Net Worth: $4.1 billion
Occupation: Owner of Al-Futtaim Group


9. Prince Sultan bin Mohammed bin Saud Al Kabeer
Age: 63
Country: Saudi Arabia
Net Worth: $3.8 billion
Occupation: Dairy farms


10. Hussain Sajwani
Age: 63
Country: United Arab Emirates
Net Worth: $3.7 billion
Occupation: Diversified


11. Ravi Pillai
Age: 63
Country of residence: United Arab Emirates
Net Worth: $3.5 billion
Occupation: Head of RP Group of companies


12. B.R. Shetty
Age: 75
Country of residence: United Arab Emirates
Net Worth: $3 billion
Occupation: Chief Executive Officer & Managing Director of New Medical Centre Group of Companies and UAE Exchange


13. Mohammed Al Issa
Age: 92
Country: Saudi Arabia
Net Worth: $2.6 billion
Occupation: Investor


14. Faisal Bin Qassim Al Thani
Age: 69
Country: Qatar
Net Worth: $2.4 billion
Occupation: Diversified


15. Saleh Kamel
Age: 75
Country: Saudi Arabia
Net Worth: $2.3 billion
Occupation: Chairman and founder of the Dallahal Baraka Group


16. Saif Al Ghurair
Age: 93
Country: Saudi Arabia
Net Worth: $2.1 billion
Occupation: Diversified


17. Sunny Varkey
Age: 59
Country of residence: United Arab Emirates
Net Worth: $1.9 billion
Occupation: Education entrepreneur


18. Abdullah Al Rajhi
Age: -
Country: Saudi Arabia
Net Worth: $1.9 billion
Occupation: Founder and owner of the second largest individual stake in the Al-Rajhi Bank


19. PNC Menon
Age: 68
Country: Oman
Net Worth: $1.6 billion
Occupation: Founder of Sobha Ltd


20. Bassam Alghanim
Age: 65
Country: Kuwait
Net Worth: $1.4 billion
Occupation: Diversified


21. Kutayba Alghanim
Age: 71
Country: Kuwait
Net Worth: $1.4 billion
Occupation: Diversified


22. Hamad bin Jassim bin Jaber Al Thani
Age: 57
Country: Qatar
Net Worth: $1.3 billion
Occupation: Diversified


23. Fawzi Al-Kharafi
Age: -
Country: Kuwait
Net Worth: $1.3 billion
Occupation: Diversified


24. Mohannad Al-Kharafi
Age: -
Country: Kuwait
Net Worth: $1.3 billion
Occupation: Diversified


25. Abdul Majeed Alhokair
Age: 47
Country: Saudi Arabia
Net Worth: $1.2 billion
Occupation: Diversified


26. Fawaz Alhokair
Age: 51
Country: Saudi Arabia
Net Worth: $1.2 billion
Occupation: Diversified


27. Salman Alhokair
Age: 50
Country: Saudi Arabia
Net Worth: $1.2 billion
Occupation: Diversified


28. Mohammed Serafi
Age: -
Country: Saudi Arabia
Net Worth: $1.1 billion
Occupation: Diversified


29. Azad Moopen
Age: 63
Country of residence: United Arab Emirates
Net Worth: $1 billion
Occupation: Chairman and Managing Director of Aster DM Healthcare


30. Mohammed Bahwan
Age: -
Country: Oman
Net Worth: $1 billion
Occupation: Auto dealerships