Saudi Arabia’s 50 wealthiest men have a combined fortune of more than $146bn, according to an unprecedented new study of over 300 individuals and family groups.
The Arabian Business Saudi Rich List 2009 is the most comprehensive analysis of the finances of the Kingdom’s rich elite ever conducted, and will be published on Sunday August 30.
The top 50 features 37 billionaires, and boasts a total worth of $146.29bn. This means that the average total worth of the entrants stands at $2.93bn.
By contrast, the most recent Arabian Business Rich List, published in December and which evaluated the fortunes of the wealthiest 50 Arabs globally, showed the average total worth of the entrants to be $3.99bn. The top 50 held between them a total of $199.48bn.
The figures in the list are assessments made of individual and family wealth based on available public information.
The top 50 does not include royalty, with the exception of Prince Alwaleed Bin Talal Al Saud, given that his wealth has been achieved through his business dealings