Home Industry Finance Forbes billionaires list: Top 10 richest people in the GCC Saudi billionaire Prince Alwaleed once again tops regional rich list. by Aarti Nagraj March 2, 2016 Billionaires across the world have seen a drop in their personal fortunes with their aggregate net worth down $570bn from last year, Forbes 2016 World’s Billionaires list found. According to the annual ranking of the world’s richest, the number of billionaires was also down to 1,810 from a record 1,826 a year ago. Their aggregate net worth stood at $6.48 trillion. It was also the first time since 2010 that the average net worth of a billionaire dropped, the report said. It currently stands at $3.6bn, $300m less than last year. The list saw a lot of reshuffling with only two people in the top 20 holding the same rank as 2015. One of them is Bill Gates, who remains the world’s wealthiest individual with a fortune of $75bn. Forbes also said that Facebook’s Mark Zuckerberg had the best year among the billionaires, with the 31-year-old adding $11.2bn to his fortune and moving to six from 16. Geographically, the United States has the most number of billionaires at 540, followed by mainland China with 251, Germany with 120, Russia with 77 and Brazil with 23. TOP 10 RICHEST IN THE GCC 1. Prince Alwaleed Bin Talal Alsaud Country of citizenship: Saudi Arabia Rank: 41 Net worth: $18.3bn Sector: Investments Age: 60 2. Mohammed Al Amoudi Country of citizenship: Saudi Arabia Rank: 138 Net worth: $8.4bn Sector: Oil, diversified Age: 69 3. Majid Al Futtaim and family Country of citizenship: United Arab Emirates Rank: 270 Net worth: $5.1bn Sector: Real estate, retail 4. Abdulla bin Ahmad Al Ghurair and family Country of citizenship: United Arab Emirates Rank: 286 Net worth: $4.9bn Sector: Diversified 5. Prince Sultan bin Mohammed bin Saud Al Kabeer Country of citizenship: Saudi Arabia Rank: 477 Net worth: $3.5bn Sector: Dairy farms Age: 62 6. Hussain Sajwani Country of citizenship: United Arab Emirates Rank: 527 Net worth: $3.2bn Sector: Real estate Age: 63 7. Abdulla Al Futtaim Country of citizenship: United Arab Emirates Rank: 549 Net worth: $3.1bn Sector: Auto dealers, investments 8. Mohammed Al Issa and family Country of citizenship: Saudi Arabia Rank: 771 Net worth: $2.4bn Sector: Investments 9. Saif Al Ghurair and family Country of citizenship: United Arab Emirates Rank: 810 Net worth: $2.2bn Sector: Diversified 10. Sheikh Faisal Bin Qassim Al Thani Country of citizenship: Qatar Rank: 906 Net worth: $2bn Sector: Hotels, diversified Age: 68 Tags Abdulla Al Futtaim Abdulla bin Ahmad Al Ghurair Forbes 2016 World’s Billionaire GCC Hussain Sajwani list lists Majid Al Futtaim Mohammed Al Amoudi Mohammed Al Issa Most Powerful Arabs Prince Sultan bin Mohammed bin Saud Al Kabeer Richest Saif Al Ghurair Saudi Arabia Sheikh Faisal Bin Qassim Al Thani UAE 0 Comments Share Tweet Share Share You might also like UAE announces 1,563 new Covid-19 cases Careem reduces fares in Dubai by up to 50% Covid-19 update: UAE records highest daily spike in infections with 1,578 new cases Think Week: What is it and will UAE professionals benefit from it?