billionaires Archives

Saudi Arabia is home to most Arab billionaires, Forbes finds

Saudi Arabia retains the title this year as the Arab world’s top home for billionaires, with 15 individuals appearing on the Forbes list for 2025.

Leading the Saudi rankings is Prince Alwaleed bin Talal, with a net worth of $16.5 billion.

Others include healthcare magnate Sulaiman Al-Habib, with a fortune of $10.9 billion, and Emad Al-Muhaidib, with $3.8 billion.

The UAE followed with five billionaires holding a combined $24.3 billion, led by real estate tycoon Hussain Sajwani at $10.2 billion. Egypt also has five billionaires, led by Nassef Sawiris, with a net worth of $9.6 billion.

Exclusive wealth network Tiger 21 opens doors to Dubai millionaires

Tiger 21, an international networking group for millionaires and billionaires, has set up shop in Dubai.

The organization, which has about 1,600 members around the world, provides a forum for members to share tips on wealth preservation, inheritance, investments, legacy building and philanthropy, The National reports.

Prospective members for Tiger 21 need to have at least $20 million in assets and must be referred by existing members before undergoing an extensive background check.

Membership costs about $33,000 a year, following a one-time initiation fee of $4,900.