Incredible Life of The Richest Arab in The World
Recognized worldwide for the success they have in business, the world’s richest Arabs have billions of dollars in wealth, yachts, aircraft, dozens of cars, houses and vaults full of jewelry. How do they do?Most of them have in the oil business in banking and real estate.For example, Prince Alwaleed Bin Talal Al Saud, the richest Arab in the world with a fortune estimated at U.S. $ 20.4 billion, has business in real estate, banking and transport. Also, Al Saud has an impressive collection of jewelry, has invested in a port in France and holds shares in several companies in Lebanon and Palestine. The fifth part of his fortune is made entirely of cash deposited in several banks. During his career, Prince has donated nearly three billion dollars through its charitable foundation and is known as one of the world’s most prolific philanthropists.
Kingdom Holding Company, which owns 95% in seven covers 39 investment sectors. It is the largest foreign investor in the U.S., with shares in News Corporation, Time Warner, Apple and Citi. “There is no limit for success. There is not a peak. When they reach the top must go down. If you touch the tip of what will happen then? Have to go down. I’m going to go down. As for me, I prefer to believe that there can never reach the top of the hill, “said Prince.
Mohamed Bin Issa Al Jaber is the founder and director of MBI International, a group of companies with a value of approximately $ 12 billion to carry out operations in the Middle East, Europe and the United States. The consortium included real estate companies Jadawel International, JJW Hotels & Resorts and AJWA Group, one of the largest food companies in the Middle East. It also manages and Continentoil an oil platform and oil resources management company.
Everyone has heard the name of the business Olayan.Family owned conglomerate Olayan has more than 50 companies. Founded in 1947, the Olayan Group began as a freight company truck.In 1954, its founder, Suleiman Olayan, launched General Trading Company (GTC), the business of distribution of drinks and food group. Subsequently, through the GTC, Suleiman has acquired several distributors such as Kimberly-Clark, General Foods, Pillsbury, Hunt Wesson, Cummins Engine, Kenworth and Atlas Copco. Today, the group holds shares in MetLife, First Boston and AIG. Suleiman’s widow, Mary and their four children-Khaled, Hayat, Huth and Lubna-share wealth of 11.9 billion dollars.
Mohammad Al Amoudi was rich from oil. Al’s father Amoundi is from mass of Ethiopia and Yemen.He immigrated to Saudi Arabia in 1965. His wife, Sofia Saleh Al Amoudi, is a shareholder in the Midroc Construction, a company which is the largest foreign investor in Sweden and Ethiopia. Al Amoudi is a doctoral student in philosophy at the University of Addis Ababa and received the Order of the Polar Star by King Carl XVI Gustav of Sweden. Al Amoudi’s wealth amounts to 10 billion dollars.
Bin Ladin family is famous in the Gulf. Family fortune was made from construction. Their group to Mecca and other religious buildings renovated in the Arab world. Bin Ladin Saudi group was founded by Mohammed Bin Ladin. After his death in 1968, the management was taken over by Salem, his eldest son. But he died in 1988, when his private plane crashed in Texas. Mohammed left behind 54 sons and daughters from different marriages more. Thirteen from his sons run the company. Today, Saudi Bin Ladin Group is a titan of the Middle East construction and has a lot of new projects in progress. Besides the Gulf, China is another important target market group. Bin Ladin family fortune is 9.80 billion dollars.
Nasser Al Kharafi is one of the richest people in the world with a fortune estimated at 8.20 billion dollars.He founded in 1956 Mohamed Abdulmohsin conglomerate Kharafi and Sins WLL, a real estate companyThe company has operations in Lebanon, Saudi Arabia, Yemen, Tanzania, Botswana, Cairo, Kenya, Maldives, Abi Dhabi and Albania.Al Kharafi and holds shares in the Division of American cuisine and has exclusive rights to franchise in the Middle East for brands such as KFC, Wimpy, TGI Friday’s, Cadbury’s, Pizza Hut and Saint Cinnamon. Kharafi Group operates in more than 25 countries and employs more than 100,000 employees.
Said Khoury is famous for both its business and to support it to the Palestinians.He directs the Business Association from Palestine and Palestinian Arab majority shareholder in the Investment Company.But none of these things would not have been possible without the success that had the commercial plan.In 1952 he founded with his cousin Hasib Sabbagh, Consolidated Contractors International Company (CCC), one of the first Arab construction companies.The company has sales of four billion dollars a year and construction projects in over 40 countries, the focus is the Middle East and North Africa.Born in Safad, Palestine, Khoury moved to Lebanon in 1948 after the Arab-Israeli war and his first job was to build airport from Tripoli. Currently, he lives in Athens.