Page 71 - SOBHA REALTY PR REPORT - MAY 2024

Richest Billionaires 2024

It’s been a banner year for the mega-wealthy. Forbes found an unprecedented 2,781

billionaires around the globe for this year’s World’s Billionaires list—141 more than in
2023 and 26 more than the previous record, set in 2021. The super-rich are also richer

than ever, with their combined wealth hitting $14.2 trillion—$2 trillion more than just a

year ago and $1.1 trillion above the previous record, also set in 2021.

The Middle East billionaires’ collective wealth amounted to $100.9 billion. Billionaires

from Saudi Arabia were excluded from Forbes’ global list for the seventh consecutive
year. Pavel Durov—the founder and owner of the messaging app Telegram—is the

richest man in the Middle East, with a net worth of $15.5 billion in 2024, up from $11.5

billion in 2023.

Egyptian billionaire Nassef Sawiris is still the richest Arab in the world and ranked

second in the Middle East after Durov, with a net worth of $8.8 billion. His wealth has
risen by $1.4 billion compared to 2023, with one of his most valuable assets being a

https://www.forbesmiddleeast.com/lists/richest-billionaires/