{"id":22416,"date":"2017-04-13T10:50:00","date_gmt":"2017-04-13T10:50:00","guid":{"rendered":"https:\/\/damacofficial.com\/hussainsajwani\/?p=22416"},"modified":"2025-06-23T06:49:55","modified_gmt":"2025-06-23T06:49:55","slug":"trumps-uae-associate-among-worlds-richest-arabs","status":"publish","type":"post","link":"https:\/\/damacofficial.com\/hussainsajwani\/trumps-uae-associate-among-worlds-richest-arabs\/","title":{"rendered":"Trump\u2019s UAE associate among world\u2019s richest Arabs"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Source:&nbsp;<a href=\"http:\/\/www.khaleejtimes.com\/nation\/dubai\/trumps-uae-associate-among-worlds-richest-arabs\">Khaleej Times<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Five UAE billionaires, including US President Donald Trump\u2019s UAE associate Hussain Sajwani, feature among the world\u2019s richest Arabs in the 2017 rankings by Forbes Middle East.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Defying the uncertainty in global oil prices, the aggregate net worth of the richest Arabs climbed by 29.2 per cent over last year to $123.4 billion, spread among 42 billionaires.<br>Prince Alwaleed bin Talal remains at the top with an estimated net worth of $18.7 billion, up by $1.4 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first time, the UAE\u2019s Majid Al Futtaim lands in the No. 2 spot at $10.6 billion, followed by Saudi Arabia\u2019s Mohammed Al Amoudi, who is worth $8.1 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall, there are five Emirati billionaires in the list, worth a combined $22 billion. They are Majid Al Futtaim (rank: #2; net worth: $10.6b), Abdulla bin Ahmed Al Ghurair (#4; $6.8b), Abdulla Al Futtaim (#6; $4.1b), Hussain Sajwani (#10; $3.7b), and Saif Al Ghurair (#19; $2.1b).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the overall list, there are two new entrants: Qatar\u2019s former prime minister, Hamad bin Jassim bin Jaber Al Thani, who has an estimated net worth of $1.3 billion. He holds a 3 per cent stake in Deutsche Bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mohammed Serafi, also a newcomer, is one of the largest individual investors in the Saudi stock market, with a net worth of $1 billion. He has shares in real estate company Taiba Holding and Makkah Construction and Development Company, among others.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWith a mild recovery in crude prices and the region\u2019s stock markets bouncing back from the lows of 2016, it has been a good year for the region\u2019s billionaires,\u201d said Khuloud Al Omian, Editor in Chief of Forbes Middle East.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With 10 billionaires, Saudi Arabia claims the highest number of billionaires with an aggregate net worth of $42 billion, followed by Lebanon and Egypt with 7 billionaires each.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source:&nbsp;Khaleej Times Five UAE billionaires, including US President Donald Trump\u2019s UAE associate Hussain Sajwani, feature among the world\u2019s richest Arabs in the 2017 rankings by Forbes Middle East. Defying the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":22401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194],"tags":[],"class_list":["post-22416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump\u2019s UAE associate among world\u2019s richest Arabs - Hussain Sajwani<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s UAE associate among world\u2019s richest Arabs - Hussain Sajwani\" \/>\n<meta property=\"og:description\" content=\"Source:&nbsp;Khaleej Times Five UAE billionaires, including US President Donald Trump\u2019s UAE associate Hussain Sajwani, feature among the world\u2019s richest Arabs in the 2017 rankings by Forbes Middle East. 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