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  1. Wealth
April 1, 2009

Arab billionaire wealth falls by a third to $116bn

By Spear's

The aggregate wealth of Arab billionaires has fallen 35 per cent to around $115.8 billion from $177.6 billion in 2008, according to the Forbes Arabia Magazine which named 34 individuals in its Arab Rich List.

The aggregate wealth of Arab billionaires has fallen 35 per cent to around $115.8 billion from $177.6 billion in 2008, according to the Forbes Arabia Magazine which named 34 individuals in its Arab Rich List.

Saudi Arabia retained its leadership with 14 billionaires, with a combined wealth estimated at $60.5 billion.

Prince Alwaleed Bin Talal Alsaud headed the Gulf wealthy, with a personal net worth of $13.3 billion and ranking 22nd on the “World’s Billionaires List.” He dropped three positions from 2008, when he was ranked 19th with a net worth of $21 billion.

Mohammed Al Amoudi, owner of Svenska Petroleum, came second on the Arab list and 43rd at the global level with a net worth of $9 billion.

For further details, visit thewealthnet
 

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