Wealth-X Reveals Middle East's Wealthiest Billionaires Saudi Arabia and UAE Ultra Rich Dominate Top 20 List

SINGAPORE, Oct. 3, 2013 /PRNewswire/ -- The wealthiest man in the Middle East is Saudi prince and billionaire investor Alwaleed bin Talal with an estimated personal fortune of US$24.5 billion. 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 United Arab Emirates (UAE).

With a combined fortune of US$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 US$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 US$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.

Below are the top 5 wealthiest billionaires from the Middle East:

 

Rank

Name

Country

Net worth

(in US$ billion)

1

Alwaleed bin Talal

Saudi Arabia

24.5

2

Khalifa Bin Zayed

UAE

17.9

3

Mohammed bin Rashid

UAE

17.4

4

Abdullah Bin Abdul Aziz Al Saud

Saudi Arabia

16.8

5

Mansour Bin Zayed Al Nahyan

UAE

8.0

 

Sheikh Khalifa Bin Zayed, the emir of Abu Dhabi and UAE president, is the region's second wealthiest billionaire with a personal fortune of US$17.9 billion. He ascended the throne after his father's death in 2004 and swiftly became UAE president.

For the full list, visit http://www.wealthx.com/articles/2013/wealth-x-reveals-middle-easts-wealthiest-billionaires

For more information on the global UHNW population, download the Wealth-X and UBS World Ultra Wealth Report at http://www.wealthx.com/wealthxubswealthreport/

About Wealth-X
Wealth-X is the definitive source of intelligence on the ultra wealthy with the world's largest collection of curated research on ultra high net worth (UHNW) individuals, defined as those with net assets of US$30 million and above. Headquartered in Singapore, it has 12 offices in five continents. (www.wealthx.com)

SOURCE Wealth-X



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