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nearly 6% stake in sportswear maker adidas. He also runs OCI, one of the world’s

largest nitrogen fertilizer producers, with plants in Texas and Iowa.

The U.A.E. is home to the highest number of billionaires on the list as well as
cumulative wealth, with a total net worth of $55.1 billion. Seven of the U.A.E.-based

billionaires are Indian nationals.

Six billionaires are Lebanese, with a combined net worth of $11.8 billion. They include

fine Jewelry tycoon Robert Mouawad and the three brothers of former billionaire and
prime minister of Lebanon Saad Hariri, Bahaa, Ayman, and Fahed Hariri. And five

billionaires are Egyptian, with a combined net worth of $18.4 billion. They are brothers

Mohammed, Youssef, and Yasseen Mansour, and Nassef and Naguib Sawiris.

Two newcomers—both Indians—join the elite cohort in 2024. The only female billionaire
in the Middle East, Renuka Jagtiani leads retailing giant Landmark Group and has a net

worth of $4.8 billion. Meanwhile, real estate mogul Kabir Mulchandani, owner of FIVE

Holdings, controls a fortune of $2 billion.

This list is an extract of the Forbes’ 38th annual World’s Billionaires List. Our list
features all citizens of MENA countries, as well as expats whose business interests
primarily lie in the region. Middle Eastern residents whose source of wealth is outside of

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