50 Richest Arabs’ Combined Wealth Is $266 Billion

The 50 richest Arabs in the world have a combined wealth of slightly more than $266 billion, and 23 of them are from Saudi Arabia, according to Arabian Business figures quoted by the Saudi Gazette.

The oil-rich kingdom’s richest man, Prince Alwaleed Bin Talal, has a personal wealth of $12.6 billion. His bank account surged 30 percent in the past year, largely because the worth of his investment in Twitter, which doubled with the company’s recent public stock offering

The second richest Arab is hotels magnate Mohamed Al-Jaber, with a total wealth at $12.66 billion, nearly double last year’s figures.

Four of the richest Arabs live in Britain and four others are in Kuwait, and the Palestinian Authority, Lebanon and the UAE each are home to three of the richest Arabs.