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Since 2018, Forbes has not included Arabs in its global list. That year, the magazine removed all Saudis from its annual list of the world’s richest people after the Saudi government detained dozens of top businessmen from the oil-rich kingdom in a 2017 corruption scandal. Decided to leave out the big guys.
For the fifth year in a row, no Saudis were included in the Forbes list of global billionaires. Forbes released her 2022 list of billionaires in the world earlier this year, according to which the number of billionaires in the world will increase from 2,755 in 2021 to 2,668 in 2021. Decreased.
According to Forbes, the total net worth of global billionaires will reach $12.7 trillion in 2022, compared to $13.1 trillion in 2021.
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In a separate statement, Forbes said Nasef Sawiris was the world’s richest Arab man with a net worth of $7.7 billion. It is the country with the highest number of millionaires in the world.
Since 2018, Forbes has not included Arabs in its global list. That year, the magazine decided to drop all Saudi tycoons after the Saudi government detained dozens of his top businessmen from the oil-rich kingdom in his 2017 corruption scandal.
Following the order of the Anti-Corruption Commission, headed by Crown Prince Mohammed bin Salman, the government removed Prince Alwaleed bin Talal, a prominent billionaire investor, from 10 other princes, four ministers, Arrested along with dozens of former ministers.
Prince Alwaleed bin Talal is chairman of Kingdom Holding, a publicly traded investment firm that owns shares in Twitter, Citigroup and Four Seasons. The crown prince is said to control the Arab world’s satellite television network.
A 2017 Forbes list pegged Prince Alwaleed bin Talal’s net worth at $18.7 billion, CNN reported.
Apart from Prince Alwaleed bin Talal, at least three Saudi billionaires from Forbes’ 2017 list have reportedly been detained.
The detainees later reportedly reached a settlement with authorities, who seized more than $100 billion in assets through such transactions. They declined to give details of how much they contributed.
Unable to assess the wealth of the oil kingdom’s richest men, Forbes decided to omit Saudi billionaires from its annual list.
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