| Bader Al Darwish among world’s 50 richest Arabs |
| News - Middleeast News | |||
| Sunday, 20 December 2009 12:08 | |||
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DOHA: Bader Al Darwish, a Qatari citizen and chairman of the Darwish Holding in Qatar has been listed among the world’s 50 richest Arabs by the Arabian Business magazine. Al Dawish with a fortune of $ 1.7bn has been ranked 46th in the Arabian Business 2009 Rich List. Prince Alwaleed Bin Talal Al Saud of Saudi Arabia has topped the list with a net worth of $18bn. Darwish Holding was the brainchild of the late Abdullah Al Darwish, one of a line of prominent Qatari traders, and his brothers Jassem and Abdul Rahman. Today, Darwish Holding has seven core businesses: Darwish Retail Services, Darwish Commercial, Darwish Real Estate, Darwish Investments, Darwish Industries, Darwish Business Services and Darwish Ventures. Its chairman Bader Al Darwish, is a man well known for his philanthropic work. In September this year he received an honorary plaque for his donations to the field of social development in Lebanon. The list shows that the average fortune of the top 50 has risen to $4.14bn. In total, the top 50 now hold between them $207bn – a rise of almost four percent last year. Of the 35 entrants that remain on the list from last year, 20 are actually worse off than they were 12 months ago. The collapse in the value of property and banking shares – the bedrock of Arab wealth for much of the past decade – is cited as the biggest reason for the troubles of some of the Arab world’s leading business empires. This year’s ranking contains 15 new entries, with six risers and 22 fallers on the list. The top 10 in the list are: 1. Prince Alwaleed bin Talal Al Saud (Saudi Arabia) $18bn; 2. Sheikh Mohamed bin Issa Al Jaber (Saudi Arabia) $9.7bn; 3. Nasser Al Kharafi (Kuwait) $9.4bn; 4. Mohammad Al Amoudi (Saudi Arabia) $8.8bn; 5. Nasser Al Rashid (Saudi Arabia) $8bn; 6. Al Ghurair Family (UAE) $7.1bn; 7. The Bin Laden Family (Saudi Arabia) $7.1bn; 8. The Olayan Family (Saudi Arabia) $6.9bn; 9. The Kanoo Family (Bahrain) $6.1bn; 10. Said Khoury (Palestine) $6bn.
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