The Middle East, a region that encompasses many countries, including Turkey, Iraq, Iran, Israel, Egypt, Saudi Arabia, and Qatar, is known for its oil-derived wealth.
Business Insider rounded up the richest people in the Middle East based on Forbes’ world billionaires ranking and the Bloomberg Billionaires Index.
The wealth of many Middle Eastern individuals — particularly heads of state — is unknown, partially because nationals of many countries hide their wealth in tax havens, per Elena Ianchovichina, a World Bank economist.
The richest person in the Middle East — that we know of — is Alwaleed bin Talal Al Saud, a Saudi Arabian prince who’s worth an estimated $14.3 billion.
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The Middle East is a region known for its oil-derived wealth.
Some of the region’s richest people are familiar figures: Saudi Arabian Crown Prince Mohammed bin Salman, who’s known for his lavish spending, and his involvement in human rights controversies, may come to mind.
Over the years, the 34-year-old has dropped $500 million on a yacht, $300 million on a French chateau, and $450 million …read more
Source:: Businessinsider – Life