The World's 5 Richest Billionaire Families

From the Walton family to the candy conglomerate Mars Inc., these families have built their fortunes through strategic investments, business acumen, and inheritance. Here are the top five richest billionaire families as of July 12, 2023, according to Forbes.

Notable Investments Of Bernard Arnault

At the heart of the world’s second richest family is a prolific investor. Bernard Arnault was the richest person in the world when Forbes released its 2023 list of the World’s Billionaires in April. Here are some of his biggest backings.

20 WOMEN BEHIND MIDDLE EASTERN TECH BRANDS 2023

Unveiling MENA’s Trailblazing Women in Tech

50 WOMEN BEHIND MIDDLE EASTERN BRANDS 2023

Meet the Female Founders

POWER DRESSING

From accounting to runway, Egyptian entrepreneur Sara Onsi has taken an unconventional path to success in the fashion industry. After reconnecting with her purpose, the risk-taker is now designing for inclusivity and empowerment

MORE THAN SKIN DEEP

Salama Mohamed, Founder and CEO of Peacefull, launched her brand two years ago on a mission to give residents of the Middle East skincare products tailored to their climate. She’s since done that and much more, recently giving refugee women a means by which to earn income and find hope

TEAM PLAYER

International England Hockey player turned fashion designer, Nadine Merabi, Cofounder and Creative Director of her namesake luxury ready-to-wear brand, is empowering women through fashion while celebrating her Lebanese heritage

BEAUTY FROM BOTH SIDES

Hind Sebti, Cofounder and Chief Growth Officer of Waldencast, is both leading a Nasdaq-listed company and developing her own beauty startups. While pursuing her own life-long love of the industry, she’s now focused on mentoring others

Canadian Cool

Everyone thought Covid was the final coffin nail for brick-and-mortar retail. For ARITZIA, a nearly 40-year-old Vancouver-based fashion outlet, it proved quite the opposite

Playing the Fields

SAL GILBERTIE sells down-to-earth inflation hedges: funds that hold futures contracts on crops like corn and soybeans

A Winning Formula

TOTO WOLFF built Mercedes’ F1 team into an auto racing dynasty. Their championship days may be behind them, but the billionaire racing boss is more successful than ever

5 Global Retail Acquisitions In H1 2023

Here are five notable global acquisitions made by retail leaders in the first half of 2023 as they navigated a competitive landscape

Snapshot: The Promising Future Of MENA's Gaming Market

Gaming is on the rise in the Middle East, leading to boosted investment in developers and publishing companies

Women Who Changed The World

Here are five notable women whose inventions made huge contributions throughout history

The Billionaire Heiresses Of Luxury Beauty And Fashion Brands

Women have been climbing up the billionaires’ lists, with 337 women billionaires in 2023 compared to 327 in 2022, according to Forbes. Here are the billionaire women who inherited their fortunes in luxury beauty and fashion empires. Some are leading their companies, while others control sizable shares. Net worths are as of June 13, 2023

Meet Rafaela Aponte-Diamant, The World's Richest Self-Made Woman

With a net worth of $28.6 billion as of June 2023, Rafaela Aponte-Diamant is the world’s wealthiest self-made woman, according to Forbes’ 2023 Billionaires list. Here’s a glance into the life of the richest of the world’s 96 self-made women billionaires

Arab Women Ambassadors Behind Global Brands

International luxury brands are paying increasing attention to the Middle East. These Arab women have become brand ambassadors for top global fashion and beauty brands

5 Retail Giants Filing For Bankruptcy In 2022

Between growing debt, dwindling sales, inflation, and changing customer preferences, many retailers have become vulnerable. Here's a look at some retail giants that filed for bankruptcy in 2022

MENA Tourism Startups

MENA startups attracted $1.1 billion in funding in Q1 2023, according to Wamda, with the travel-tech sector accounting for $9 million. Here are four regional travel startups revitalizing the market

Meet Mo Salah, The World's Highest-Paid Arab Athlete

With $53 million in total earnings, Egypt's Mohamed Salah ranked as the highest-paid Arab athlete on Forbes' 2023 list of the World's Highest-Paid Athletes. Here's a glimpse into the life of the legendary sportsman

EGYPT'S TOP 50 LISTED COMPANIES 2023

Events last year, including Russia’s invasion of Ukraine and the rising rate of inflation, put Egypt’s economy in severe trouble, leading to a foreign currency dry-up

BANKING BOOM

U.A.E.-based bank Mashreq saw its profits hit $1 billion in 2022, leading a booming year for the country's banks. Group CEO, Ahmed Abdelaal, is looking to tech and talent for future growth

THE MIDDLE EAST'S TOP 100 LISTED COMPANIES 2023

At this time of high inflation and global unrest, stock markets have been under pressure, with the MENA region not immune to the trajectory. In 2023, the aggregate market value of the Middle East’s Top 100 Listed Companies has decreased marginally by 5%, from $4 trillion in 2022 to $3.8 trillion

GOLD RUSH

Ahmed Bin Sulayem, Executive Chairman and CEO of the Dubai Multi Commodities Centre (DMCC), has been with the sprawling free zone since it was established and has witnessed it grow to become the world's biggest physical gold market. While he's opening up to new trade, he's still betting big on the yellow metal

MOVING FORWARD

Rami El-Dokany, Executive Chairman of the Egyptian Exchange and Secretary General of the Arab Federation of Capital Markets, has been overseeing the North African country's stock exchange as the economy struggles. Still, he's been striving to reposition EGX as a leading stock market regionally

Meet The Middle East's Expat Billionaires

These nine expatriate billionaires are not of Arab descent but call the Middle East home. Combined, they are worth $35.6 billion, according to the Forbes World’s Billionaires list 2023. All listees are based in the U.A.E.

4 Billionaire-Owned Hotel Chains

Of the world’s 2,640 billionaires, 24 built their fortunes from hotels, with the majority coming from the U.S., according to Forbes’ World’s Billionaires 2023 list. Here are four hotel chains backed by billionaires. Net worths are as of April 19, 2023

5 World Record-Breaking Hotels

Hotels around the world have scored some incredible feats. From Dubai to Lebanon, here are five of the world’s record-breaking hotels, according to the Guinness World Records

MOBILIZING AI'S INFANTRY

BRIEFLY BECAME THE WORLD’S YOUNGEST SELF-MADE BILLIONAIRE BY SUPPLYING ARTIFICIAL INTELLIGENCE COMPANIES WITH THE ONE THING THEY ALL NEED: HUMANS. HUNDREDS OF THOUSANDS OF THEM. NOW, HIS $7.3 BILLION STARTUP IS PRIMED TO CASH IN ON THE BIGGEST AI BOOM YET—UNLESS SOMEONE ELSE CAN DO IT BETTER OR CHEAPER

BREAKING GROUND

Having just opened one of the world’s most luxurious new hotels, Philippe Zuber, CEO of Kerzner International, is now launching two new brands to the market. As the Middle East continues to redefine the standards of luxury hospitality, he’s keeping exclusivity in mind while looking to expand