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The Middle East's RICHEST BILLIONAIRES 2024

Forbes Middle East - English

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May 2024

It's been a banner year for the mega-wealthy. Forbes found an unprecedented 2,781 billionaires around the globe for this year's World's Billionaires list-141 more than in 2023 and 26 more than the previous record, set in 2021.

The Middle East's RICHEST BILLIONAIRES 2024

The super-rich are also richer than ever, with their combined wealth hitting $14.2 trillion-$2 trillion more than just a year ago and $1.1 trillion above the previous record, also set in 2021.

The Middle East billionaires' collective wealth amounted to $100.9 billion. Billionaires from Saudi Arabia were excluded from Forbes' global list for the seventh consecutive year.

Pavel Durov-the founder and owner of the messaging app Telegram-is the richest man in the Middle East, with a net worth of $15.5 billion in 2024, up from $11.5 billion in 2023.

Egyptian billionaire Nassef Sawiris is still the richest Arab in the world and ranked second in the Middle East after Durov, with a net worth of $8.8 billion. His wealth has risen by $1.4 billion compared to 2023, with one of his most valuable assets being a nearly 6% stake in sportswear maker adidas. He also runs OCI, one of the world's largest nitrogen fertilizer producers, with plants in Texas and Iowa.

Forbes Middle East - English से और कहानियाँ

Forbes Middle East - English

Forbes Middle East - English

SHIFTING ENERGY

For nearly nine decades, Petroleum Development Oman (PDO) has been at the heart of Oman's economic growth. Today, as the first Omani Managing Director of the 88-year-old company, Aflah Al Hadhrami is steering PDO into a new era, one defined by purpose, people, and sustainability.

time to read

7 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

SUSTAINABILITY LEADERS 2025

In the Middle East, sustainability continues to move from commitment to action as governments and companies align with global climate goals and national visions.

time to read

3 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

NEXT BILLION-DOLLAR STARTUPS

Artificial intelligence dominates this year's list of 25 venture-backed startups we think most likely to reach a $1 billion valuation.

time to read

10 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

Money Grows on Trees, Slowly

If you are a very patient investor, you might want to have Angela Davis' CAMPBELL GLOBAL plant you some Douglas fir.

time to read

4 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

TURNING WASTE AROUND

Ali Al Dhaheri, Managing Director and CEO of the Tadweer Group, believes that waste can be a powerful resource. As the company strives to divert waste from landfills and reduce emissions in the U.A.E., he's also hoping to have a global impact.

time to read

7 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

Crossing Borders

SIDDEEK AHMED, Chairman and Managing Director of travel management company ITL World, expanded the company into the Middle East nearly 20 years ago, having first set up in India. Lured by the rapidly evolving sector then, today he's seeing even more opportunity, both here and abroad.

time to read

4 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

FLYING AHEAD

Earlier this year, flynas became the first ever listed carrier in Saudi Arabia to go public, raising $1.1 billion in its landmark IPO. Managing Director and CEO Bander Almohanna now has his sights set on further route expansion and new destinations.

time to read

7 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

The Vibe-Coding Factory

Stockholm-based LOVABLE has become the world's fastest-growing software startup, hitting over $100 million in annualized revenue in just eight months by using Al to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.

time to read

6 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

Navigational Hazards

Even with nepotism, protectionism and infinite” liquefied natural gas, THOMAS CROWLEY JR. shows it ain’t easy being the third generation to run an American shipping company.

time to read

6 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

REDEFINING LUXURY

Noelle Homsy and Chris Nader built luxury ecolodge brand ENVI Lodges to redefine what it means to travel luxuriously and responsibly in the experiential outdoor hospitality space. Now, as they move towards closing their third funding round, bigger plans are on the horizon.

time to read

6 mins

August 2025

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