Saudi Arabia, Canada hold first political consultations in Ottawa    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Saudi anti-graft authority investigates 425 employees, detains 142 in July corruption cases    US envoy Witkoff visits Gaza aid distribution site as starvation crisis deepens    Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion    New Murabba, Alat sign MoU to develop next-gen vertical transport for The Mukaab    Over 1.2 million Umrah pilgrims arrive in Saudi Arabia since Dhul Hijjah 15    Iran drives out 1.5 million Afghans, with some branded spies for Israel    Kyiv toll rises to 26 after wave of Russian strikes defies Trump ceasefire demand    Young Ukrainians get their way as Zelensky overturns law to defuse crisis    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Qiwa sets 60-day window before reporting worker as absent under new contract rules    Saudi, Russian energy ministers discuss oil market and joint committee plans    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Chris Tucker, Pete Davidson and Aziz Ansari among stars set for Riyadh Comedy Festival    Al Nassr beat Benfica to €50m João Félix signing after Ronaldo, Jesus intervene    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Four Saudis among world's top 200 billionaires
Published in The Saudi Gazette on 05 - 11 - 2012

RIYADH — Four Saudi citizens were named this year in Bloomberg Markets' inaugural list of the 200 world's richest people, whose net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy in the planet.
Bloomberg Markets' inaugural list of the 200 world's richest people, worth a total of $2.7 trillion, about the size of the gross domestic product of France, will be published in the magazine's December 2012 issue, showcasing the 200 mega rich and their fortunes this year through Oct. 5.
Prince Alwaleed Bin Talal, CEO of Kingdom Holding Company, topped the list of Saudi billionaires, with $22.9 billion, ranking 20th in the world.
Mohammed Al-Amoudi, active in the energy field, is second among Saudis, with $10.1 billion, ranking 100th among the world's wealthiest.
The third Saudi billionaire is Sulaiman Bin Abdul Aziz Al-Rajhi, Chairman of Al-Rajhi bank, with $ 7.9 billion, and ranking 140th in the top 200 list.
Mohamed Bin Issa Al Jaber, the businessman in the field of resorts and hospitality through MBI International, was the last Saudi on the list, ranking 142nd, with a wealth estimated at $7.8 billion.
The Mexican Carlos Slim, a telecommunication tycoon, tops the list with $77.5 billion, followed by Microsoft CEO Bill Gates with $64.34 billion, then the Spanish Amancio Ortega, founder of Inditex SA, the world's largest clothing retailer, with $53.6 billion, followed by Warren Buffet with $48.4 billion.
Bloomberg News unmasked more than 30 hidden billionaires this year. Brazil's Dirce Navarro de Camargo inherited her late husband's industrial conglomerate, Camargo Correa SA, in 1994.
Elaine Tettemer Marshall controls 15 percent of Koch Industries Inc., the second-largest closely held company in the US. With fortunes of about $12 billion each, both women remain billions shy of Gina Rinehart, the richest woman in the Asia-Pacific region. She's squabbling with her children over the family's $19.1 billion minerals empire.
Bloomberg News also revealed Zong Qinghou as mainland China's richest man, who had a net worth of $20.1 billion on Oct. 5. The once poor soda seller today commands the Hangzhou Wahaha Group Co. beverage empire. With soft drinks producing hard cash, wealth creation is booming in China – and beyond. — SG/Agencies


Clic here to read the story from its source.