Advertisement
Canada markets close in 5 hours 58 minutes

  • S&P/TSX

    21,647.88
    -225.84 (-1.03%)
     

  • S&P 500

    4,992.54
    -79.09 (-1.56%)
     

  • DOW

    37,772.53
    -688.39 (-1.79%)
     

  • CAD/USD

    0.7285
    -0.0012 (-0.17%)
     

  • CRUDE OIL

    82.29
    -0.52 (-0.63%)
     

  • Bitcoin CAD

    86,893.72
    -3,831.73 (-4.22%)
     

  • CMC Crypto 200

    1,372.76
    -9.81 (-0.71%)
     

  • GOLD FUTURES

    2,331.70
    -6.70 (-0.29%)
     

  • RUSSELL 2000

    1,966.12
    -29.30 (-1.47%)
     

  • 10-Yr Bond

    4.7160
    +0.0640 (+1.37%)
     

  • NASDAQ

    15,391.28
    -321.47 (-2.05%)
     

  • VOLATILITY

    17.11
    +1.14 (+7.15%)
     

  • FTSE

    8,048.78
    +8.40 (+0.10%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6807
    -0.0012 (-0.18%)
     
MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Top 15 Gulf Arab billionaires on Forbes list

  • #1031 Saif Al Ghurair & family<br>Net Worth: $1.4 billion<br>Saif Al Ghurair is the former chairman of Al Ghurair Group. His brother Abdulla is also a billionaire. They come from an old Dubai merchant family with interests in banking, malls and manufacturing. (Photo:Forbes.com)
    1/10

    Forbes Billionaires

    #1031 Saif Al Ghurair & family
    Net Worth: $1.4 billion
    Saif Al Ghurair is the former chairman of Al Ghurair Group. His brother Abdulla is also a billionaire. They come from an old Dubai merchant family with interests in banking, malls and manufacturing. (Photo:Forbes.com)
  • #785 Saleh Kamel<br>Net Worth: $1.95 billion <br>Saleh Kamel is the founder and chairman of Dallah Albaraka, a conglomerate with interests in Islamic banking, real estate development and food production. Kamel took subsidiary Dallah Health public in December 2012, keeping a 52% stake.
    2/10

    Forbes Billionaires

    #785 Saleh Kamel
    Net Worth: $1.95 billion
    Saleh Kamel is the founder and chairman of Dallah Albaraka, a conglomerate with interests in Islamic banking, real estate development and food production. Kamel took subsidiary Dallah Health public in December 2012, keeping a 52% stake.
  • #670 Abdullah Al Rajhi<br>Net Worth: $2.2 billion<br>Saudi-based Abdullah Al Rajhi, together with brothers Sulaiman, Mohammed, and the late Saleh, formed Al Rajhi Bank more than 50 years ago. One of the largest Islamic banks in the world, it has $71 billion in assets.
    3/10

    Forbes Billionaires

    #670 Abdullah Al Rajhi
    Net Worth: $2.2 billion
    Saudi-based Abdullah Al Rajhi, together with brothers Sulaiman, Mohammed, and the late Saleh, formed Al Rajhi Bank more than 50 years ago. One of the largest Islamic banks in the world, it has $71 billion in assets.
  • #641 Mohammed Al Issa<br>Net Worth: $2.3 billion<br>Mohammed Al Issa is one of the largest individual investors in the Saudi stock market. His holdings include major stakes in Savola Group, one of the Kingdom's largest food processors, and Riyadh Bank.
    4/10

    Forbes Billionaires

    #641 Mohammed Al Issa
    Net Worth: $2.3 billion
    Mohammed Al Issa is one of the largest individual investors in the Saudi stock market. His holdings include major stakes in Savola Group, one of the Kingdom's largest food processors, and Riyadh Bank.
  • #437 Abdulla bin Ahmad Al Ghurair & family<br>Net Worth: $3.1 billion<br>UAE-based Abdulla Al Ghurair and his billionaire brother, Saif, are scions of a prominent UAE business family. Al Ghurair founded Mashreq Bank in 1967, now a leading bank in the country. He remains chairman. (Photo: mashreq.com)
    5/10

    Forbes Billionaires

    #437 Abdulla bin Ahmad Al Ghurair & family
    Net Worth: $3.1 billion
    UAE-based Abdulla Al Ghurair and his billionaire brother, Saif, are scions of a prominent UAE business family. Al Ghurair founded Mashreq Bank in 1967, now a leading bank in the country. He remains chairman. (Photo: mashreq.com)
  • #376 Majid Al Futtaim<br>Net Worth: $3.6 B<br>Majid Al Futtaim is the estranged brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls and supermarkets across the Middle East, including 48 Carrefour hypermarkets. (Photo: Forbes.com)
    6/10

    Forbes Billionaires

    #376 Majid Al Futtaim
    Net Worth: $3.6 B
    Majid Al Futtaim is the estranged brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls and supermarkets across the Middle East, including 48 Carrefour hypermarkets. (Photo: Forbes.com)
  • #198 Sulaiman Al Rajhi & family<br>Net worth: $6 billion<br>Saudi billionaire Sulaiman Al Rajhi announced plans in May 2011 to donate the bulk of his fortune to charity, and in a recent interview with a Saudi publication said, "Now I own only my dresses." But he is still listed on the Saudi stock exchange as the owner of nearly 20% of Al Rajhi Bank, worth more than $5 billion.
    7/10

    Forbes Billionaires

    #198 Sulaiman Al Rajhi & family
    Net worth: $6 billion
    Saudi billionaire Sulaiman Al Rajhi announced plans in May 2011 to donate the bulk of his fortune to charity, and in a recent interview with a Saudi publication said, "Now I own only my dresses." But he is still listed on the Saudi stock exchange as the owner of nearly 20% of Al Rajhi Bank, worth more than $5 billion.
  • #166 Mohamed Bin Issa Al Jaber<br>Net Worth: $7 billion<br>Saudi billionaire, Mohamed Bin Issa Al Jaber, owns a string of luxury and budget hotels in Europe and Egypt through JJW Hotels & Resorts.
    8/10

    Forbes Billionaires

    #166 Mohamed Bin Issa Al Jaber
    Net Worth: $7 billion
    Saudi billionaire, Mohamed Bin Issa Al Jaber, owns a string of luxury and budget hotels in Europe and Egypt through JJW Hotels & Resorts.
  • #65 Mohammed Al Amoudi<br>Net Worth: $13.5 billion<br>Son of a Saudi father and Ethiopian mother, Mohammed Al Amoudi started investing in Sweden in the 1970s. He made his initial fortune in construction in Saudi Arabia, where he continues to add to his project portfolio with new projects for King Saud University and a new medical city complex for the Ministry of Interior.
    9/10

    Forbes Billionaires

    #65 Mohammed Al Amoudi
    Net Worth: $13.5 billion
    Son of a Saudi father and Ethiopian mother, Mohammed Al Amoudi started investing in Sweden in the 1970s. He made his initial fortune in construction in Saudi Arabia, where he continues to add to his project portfolio with new projects for King Saud University and a new medical city complex for the Ministry of Interior.
  • #26 Prince Alwaleed bin Talal<br>Net worth: $20 billion<br>Prince Alwaleed bin Talal from Saudi Arabia bills himself as the "world's foremost value investor." Among his several assets is his Kingdom Holding Company, of which he owns 95% and which trades on the Saudi stock exchange. Through this he owns stakes in hotel management companies Four Seasons Hotels & Resorts, Movenpick Hotels & Resorts and Fairmont Raffles Holding.
    10/10

    Forbes Billionaires

    #26 Prince Alwaleed bin Talal
    Net worth: $20 billion
    Prince Alwaleed bin Talal from Saudi Arabia bills himself as the "world's foremost value investor." Among his several assets is his Kingdom Holding Company, of which he owns 95% and which trades on the Saudi stock exchange. Through this he owns stakes in hotel management companies Four Seasons Hotels & Resorts, Movenpick Hotels & Resorts and Fairmont Raffles Holding.
#1031 Saif Al Ghurair & family<br>Net Worth: $1.4 billion<br>Saif Al Ghurair is the former chairman of Al Ghurair Group. His brother Abdulla is also a billionaire. They come from an old Dubai merchant family with interests in banking, malls and manufacturing. (Photo:Forbes.com)
#785 Saleh Kamel<br>Net Worth: $1.95 billion <br>Saleh Kamel is the founder and chairman of Dallah Albaraka, a conglomerate with interests in Islamic banking, real estate development and food production. Kamel took subsidiary Dallah Health public in December 2012, keeping a 52% stake.
#670 Abdullah Al Rajhi<br>Net Worth: $2.2 billion<br>Saudi-based Abdullah Al Rajhi, together with brothers Sulaiman, Mohammed, and the late Saleh, formed Al Rajhi Bank more than 50 years ago. One of the largest Islamic banks in the world, it has $71 billion in assets.
#641 Mohammed Al Issa<br>Net Worth: $2.3 billion<br>Mohammed Al Issa is one of the largest individual investors in the Saudi stock market. His holdings include major stakes in Savola Group, one of the Kingdom's largest food processors, and Riyadh Bank.
#437 Abdulla bin Ahmad Al Ghurair & family<br>Net Worth: $3.1 billion<br>UAE-based Abdulla Al Ghurair and his billionaire brother, Saif, are scions of a prominent UAE business family. Al Ghurair founded Mashreq Bank in 1967, now a leading bank in the country. He remains chairman. (Photo: mashreq.com)
#376 Majid Al Futtaim<br>Net Worth: $3.6 B<br>Majid Al Futtaim is the estranged brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls and supermarkets across the Middle East, including 48 Carrefour hypermarkets. (Photo: Forbes.com)
#198 Sulaiman Al Rajhi & family<br>Net worth: $6 billion<br>Saudi billionaire Sulaiman Al Rajhi announced plans in May 2011 to donate the bulk of his fortune to charity, and in a recent interview with a Saudi publication said, "Now I own only my dresses." But he is still listed on the Saudi stock exchange as the owner of nearly 20% of Al Rajhi Bank, worth more than $5 billion.
#166 Mohamed Bin Issa Al Jaber<br>Net Worth: $7 billion<br>Saudi billionaire, Mohamed Bin Issa Al Jaber, owns a string of luxury and budget hotels in Europe and Egypt through JJW Hotels & Resorts.
#65 Mohammed Al Amoudi<br>Net Worth: $13.5 billion<br>Son of a Saudi father and Ethiopian mother, Mohammed Al Amoudi started investing in Sweden in the 1970s. He made his initial fortune in construction in Saudi Arabia, where he continues to add to his project portfolio with new projects for King Saud University and a new medical city complex for the Ministry of Interior.
#26 Prince Alwaleed bin Talal<br>Net worth: $20 billion<br>Prince Alwaleed bin Talal from Saudi Arabia bills himself as the "world's foremost value investor." Among his several assets is his Kingdom Holding Company, of which he owns 95% and which trades on the Saudi stock exchange. Through this he owns stakes in hotel management companies Four Seasons Hotels & Resorts, Movenpick Hotels & Resorts and Fairmont Raffles Holding.

Take a look at the top 15 billionaires from the Gulf region who made it to the Forbes 2013 billionaires list.