There are 30 billionaires in the Arab world with a collective wealth worth of $125.3 billion, Forbes in its 2007 list of the world’s richest people has announced. The world’s total number of billionaires totalled 946 with a collective net worth of $3.5 trillion, a significant increase from the 2006 figures of 793 billionaires with a collective net worth of $2.6 trillion.
The 34th issue of Forbes Arabia, published in April 2007, also reports that the number of Arab billionaires increased 25 per cent in a single year, compared to a 19.3 per cent increase of billionaires worldwide, however the collective net worth of Arab billionaires only increased by 15.4 per cent, compared to a worldwide increase of 35 per cent.
Saudi Arabia offered 13 out of the 30 total billionaires, and Prince Al Waleed Bin Talal Bin Abdul Aziz Al Saud topped the Saudi rankings with a net worth exceeding $20.3 billion. Seven Arab newcomers debuted in the 2007 world’s richest list.
Yeah, okay. Good for them.
But, if you remove the ones from royal families or their entourage, how many would be self made?
Put another way, Bill Gates is worth fifteen Arab billionaires… does that tell you something?
Any other questions?