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The 6 Egyptian Billionaires on Forbes’ List of the World’s Richest Arabs

Global fortunes might be shrinking, but Egypt’s billionaire dynasties have held their places on the list.

sawiris

For the third year running, Nassef Sawiris continues to be the world’s richest Arab. Though global fortunes have shrunk (including that belonging to the youngest Sawiris) and the Arab world has four fewer billionaires this year than last, Forbes’ list of the World’s Richest Arabs features six Egyptian billionaires, the same number as last year’s.

The world’s richest people, by and large, are still wealthy enough to end world hunger several times over, but even they are not immune to the troubles of the Coronavirus. Since the start of 2020, the implosion of markets around the world has seen personal fortunes tank.

In the 12 days between when Forbes first calculated the total net worth for its annual list of the World’s Richest in March 6th, to March 18th when it revisited the list, 226 people had dropped out of the rankings. Globally, 51% of billionaires on the list had gotten poorer in that time.

Of the six Egyptians who remained on the list, the dynasties are clear, with three hailing from the eponymous Mansour Group, and two from the Sawiris family, including the richest Arab in the world.

 

  1.   Egyptian construction tycoon Nassef Sawiris is the world’s richest Arab for the third year running, with $5 billion, down from his previous $6.4 billion last year.
  2.   Chairman of Mansour Group, Mohamed Mansour, is the fourth richest Arab with $3.3 billion.
  3.   Naguib Sawiris is the world’s sixth richest Arab with $3 billion.
  4.   Yasseen Mansour, part owner of Mansour Group and chairman of Palm Hills Developments, follows as the seventh richest Arab, with $2.2 billion.
  5.   Also part owner of the family conglomerate Mansour Group, Youssef Mansour trails as the 13th richest Arab, with $1.9 billion.
  6.   Mohamed Al-Fayed, current owner of the Ritz Paris and former owner of Harrods Department Store and Fulham FC, is the only Egyptian on the list to not hail from the Sawiris or Mansour dynasties. He is the world’s 15th richest Arab, with $1.4 billion.

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