Nassef Sawiris is now the richest Arab, according to Forbes

MbS’ purge propels Nassef to the top of the Arab rich list: Nassef Sawiris topped Forbes’ list of the richest Arabs for 2018 with an estimated net worth of USD 6.6 bn. “Forbes chose to leave off all 10 Saudis given reports of asset seizures after some 200 people, including some bn'aires were detained.” This meant that Prince Al Waleed bin Talal, who topped last year’s list, was excluded from this year’s. Forbes included those with an estimated net worth of USD 1 bn and over, and 31 individuals made the list with a total net worth of USD 76.7 bn. The other five Egyptians on the list are: Naguib Sawiris, Mohamed Mansour, Yasseen Mansour, Mohamed Al Fayed, and Youssef Mansour.