Sunday 20 May 2018

Prince Alwaleed 'richest in Mideast'

Singapore, October 3, 2013

Saudi billionaire investor Prince Alwaleed bin Talal is the wealthiest man in the Middle East with an estimated personal fortune of $24.5 billion, according to a new report.
He heads Wealth-X’s list of the top 20 ultra-wealthy individuals from the Middle East, which is dominated by other Saudi nationals and billionaires from the UAE, a statement said.
With a combined fortune of $152.8 billion, these 20 individuals account for 0.4 percent of the ultra high net worth (UHNW) population in the Middle East and 17 percent of the wealth in the region.
Wealth-X, the world’s leading UHNW intelligence firm, released this ranking as part of the Wealth-X and UBS World Ultra Wealth Report, a comprehensive study of the global UHNW population. 
The report showed that Middle East’s UHNW population increased 15.3 percent to 5,300 individuals with a combined wealth of $880 billion – a 23.9 percent rise from last year.
Saudi Arabia has the largest UHNW population and wealth in the region with 1,360 individuals with a combined fortune of $285 billion. Seven Saudi billionaires made the Wealth-X list, one short of the UAE, which has the highest number of UHNW individuals from one jurisdiction in the region. - TradeArabia News Service

Tags: | Prince Alwaleed | rich | Wealth-X |

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