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Wow! Here the 50 Richest Arabs in the World [Arab Money!]

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26-mohammed-jamjoom26. Mohammad Jamjoom-$3.4bn; Country: Saudi Arabia

Saudi-based Mohammad Kamal Jamjoom is the head of the Jamjoom Group, and one of many business pioneers to carry the Jamjoom name. Under his leadership, the family firm continues to strive ahead, not only as one of the wealthiest, but also as one of the most well-respected business conglomerates in the kingdom.

With over a hundred years of history, the group’s shiniest beacon is the Jeddah Trident Hotel, an associate of Oberoi Hotels. Its subsidiaries include Jamjoom Vehicles and Equipment, Jamjoom Metal Industries, Jamjoom Motors, Jamjoom General Agencies, Depot Pharmaceutique du Moyen Orient, Jamjoom Medicine Store and Jamjoom Pharma, many of which have been pillars of Saudi industry for longer than 40 years.

25-taha25. Taha Mikati -$3.5bn; Country: Lebanon

Maha A Mikati is founder and chairman of M1 Group. His wealth is rooted in his early delving into construction and engineering in the UAE in the 1960s, where he developed a diversified business along various industries including telecommunications, retail, energy, fashion, real estate and aviation.

Mikati, 68, was born and raised in Beirut attending International College, and later the American University of Beirut where he studied engineering after which he founded Arabian Construction Company.

ACC carried out contracting and engineering projects in the UAE growing to become one of the largest construction companies in the Middle East. In 1978 he moved back to Lebanon with his family, to run his business from there. In the midst of the country’s civil war he along with his younger brother Najib set up Investcom and entered into the telecommunications industry installing and operating satellite communications systems in the country for businesses to get around the country’s dilapidated infrastructure. Investcom went on to become the first privately owned company to install a mobile network in the Middle East. In 2005, the company listed its shares on the London Stock Exchange, and on the Dubai International Financial Exchange.


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