12 Arab Business Titans: The Official 2025 Wealth Rankings
Arab world’s wealth has reached new heights in 2025. Saudi Arabia now boasts fifteen billionaires on the Forbes’ list, up from ten in 2017. These wealthy individuals control a combined fortune of $55.8 billion.
Prince Alwaleed bin Talal stands as the richest Arab with $16.5 billion. The region’s wealth story extends beyond individual fortunes. The Sawiris family holds the title of the wealthiest Arab family with $11.6 billion. Right behind them, the Mansour family commands $5.8 billion, and the Mikati family controls $5.6 billion.
The top five families showcase Arab wealth’s concentration. They control 71.4% of the region’s total wealth, which amounts to $44.8 billion. Recent market shifts have strengthened this wealth concentration. Saudi Public Investment Fund’s $1.5 billion investment in Kingdom Holding stands as a prime example. Foreign investors have also flocked to the Saudi stock market since 2018, adding to this trend.
Prince Alwaleed Bin Talal: Saudi Arabia’s Investment Mogul
Image Source: Arabian Business
The richest Arab in the world for 2025, Prince Alwaleed Bin Talal has earned his fortune through investment skills that many compare to Warren Buffett’s style. The Saudi billionaire’s financial success shows a brilliant strategy that has made him the wealthiest Arab with AED 60.59 billion ($16.5 billion).
The Kingdom Holding Empire
Kingdom Holding Company (KHC) stands at the heart of Prince Alwaleed’s wealth. This Saudi conglomerate, 43 years old, trades publicly on the Saudi Exchange (Tadawul) since 2007. The prince owns a controlling 78.1% stake, while the public trades the rest. KHC now operates in businesses of all sizes across 18 sectors that include financial services, real estate, tourism, hospitality, and technology.
The company’s impressive portfolio includes:
- Four Seasons Hotels with strategic partner Bill Gates, valued at over AED 55.08 billion
- The iconic George V Hotel in Paris (worth AED 7.34 billion)
- Major stakes in Citigroup, X (formerly Twitter), and e-commerce giant JD.com
Investment Strategy and Philosophy
The prince looks for undervalued companies that have strong brand recognition and room to grow. His strategy aims for 20% growth within 5-10 years. He targets brands that lead their field and have global reach or potential.
His best investment happened in 1990 during Citigroup’s financial crisis. He bought 4.9% of Citicorp for AED 760.09 million and later increased his stake to 14.9% by investing AED 2.17 billion in preferred shares. This bold move paid off well as the bank recovered.
The prince also showed great timing with early investments in Apple (1997), Netscape, and Twitter (2011). His portfolio spreads across different countries and industries, following his “3+3+1” investment philosophy that combines big-picture thinking with detailed execution under ethical standards.
Net Worth Breakdown: $16.5 Billion
Kingdom Holding makes up 40% of his wealth. His Four Seasons hotel chain investments and the George V hotel in Paris form large parts of his fortune, along with his stake in X.
Controversies and Challenges
The prince’s success story hit a rough patch in November 2017. Saudi Crown Prince Mohammed bin Salman led an anti-corruption campaign. The authorities held Alwaleed at Riyadh’s Ritz-Carlton hotel for almost three months until they reached a settlement.
After his release, Kingdom Holding announced that Saudi Arabia’s Public Investment Fund (PIF) bought a 16.9% stake for AED 5.51 billion in 2022. This reduced Alwaleed’s ownership from 95% to 78.1%. This change suggests a new relationship with the Saudi government that might limit his freedom to act independently.
Sulaiman Al Habib: Healthcare Visionary
Image Source: hmg.com
Dr. Sulaiman Al Habib stands as the second wealthiest Saudi on the 2025 Arab rich list. His healthcare empire has changed medical service delivery throughout the Middle East. His remarkable wealth of AED 40.02 billion ($10.9 billion) shows how specialized medical expertise can create extraordinary success.
Building the Middle East’s Premier Hospital Group
Dr. Sulaiman Al Habib Medical Services Group (HMG) runs a vast network in three countries. The group’s operations include 7 hospitals in Saudi Arabia and the UAE. These facilities house 1,913 beds and 1,371 clinics. HMG also operates 13 pharmacies and a medical center in Bahrain. Their healthcare network includes specialized centers for fertility, dermatology, plastic surgery, and obesity treatment.
HMG continues its bold expansion plans. New hospitals in South West Jeddah and North Riyadh will open by 2023. The North Jeddah Hospital will welcome patients in 2024. These developments support HMG’s strong financial results, with H1-2020 revenues reaching SAR 2.55 billion and growing 6.76% year-over-year.
From Pediatrician to Billionaire
Medical training marked the start of Al Habib’s success story. He graduated from King Saud University in 1977 and earned his fellowship in pediatrics from the British Royal College of Physicians in 1984. The late 1980s saw him lead the pediatrics department at the Security Forces Hospital in Riyadh.
Al Habib opened his first clinic in 1995. His medical background gave him a unique understanding of healthcare delivery. This knowledge helped him create a patient-focused business model that grew from one clinic into a healthcare giant worth over AED 102.81 billion.
HMG’s Public Listing Success Story
HMG’s 2020 IPO achieved remarkable success. The offering attracted SAR 217 billion from investors and became 83 times oversubscribed. A total of 224,440 investors joined the retail portion, making it 710% oversubscribed.
Wealth Accumulation: $10.9 Billion
Al Habib owns 40% of HMG. The company’s stock value has soared since its listing, beating the standard Tadawul index which doubled during the same period. The stock price multiplied six times from its 2020 IPO by 2024. Bloomberg Billionaires Index ranks him as the third-richest non-royal in the Middle East.
Al Habib has strengthened his position among regional business leaders by expanding into commercial real estate through a holding company.
The Al Muhaidib Brothers: Diversification Masters
Image Source: muhaidib.com
Standing third among Arab billionaires in 2025, the Al Muhaidib brothers have become skilled at diversification since they took over their father’s business empire. Emad, Essam, and Sulaiman Al Muhaidib’s combined fortune stands at AED 40.39 billion ($11 billion). They rank among the Middle East’s most influential business families.
Family Legacy and Business Development
The Al Muhaidib Group started in 1943 when Abdulkadir Al Muhaidib opened a small trading business in Saudi Arabia. The brothers took control after their father passed away in 1996 and expanded operations substantially. The group has grown into one of the Middle East’s largest investment conglomerates, operating over 200 companies across four continents and 25 countries.
Each brother owns 28% of the privately held firm, while four other family members hold smaller stakes. The group’s development strategy stays true to their father’s values: integrity, leadership, unity, and agility.
Strategic Investments Across Sectors
The Al Muhaidib portfolio covers four main sectors:
- Food & Consumer: They’ve become household names in Saudi Arabia with 80+ years of experience
- Industrial & Infrastructure: They operate in building materials, energy, construction, and utilities
- Real Estate: They develop residential, commercial, and mixed-use projects across the region
- Financial Investments: They invest in private and public companies
The brothers hold major stakes in sixteen publicly traded companies in Saudi Arabia and Egypt. Their portfolio includes 14.5% of Savola Group (worth AED 3.2 billion), 20.8% of Bawan Holding Company, 11.2% of Middle East Paper Company, and 16.9% of Al Yamamah Steel Industries.
ACWA Power and Infrastructure Holdings
ACWA Power remains their most valuable investment. This Saudi-listed power generation and water desalination company went public in 2021. By 2025, ACWA Power’s investment portfolio reached AED 246.02 billion. The company operates 94 assets with a total investment cost of $97 billion.
Al Muhaidib Group and Vision Invest founded ACWA Power’s predecessor in 2004. The company has since become a global leader in energy transition.
Combined Wealth: $11 Billion
Essam and Sulaiman each have net worths of AED 13.22 billion, while Emad holds AED 13.95 billion. The brothers show how family businesses can succeed through careful diversification and smart investments. They stand out among the eleven billionaires on Forbes’ 2023 Arab family business ranking, who together control AED 101.71 billion.
Nassef Sawiris: Egypt’s Richest Man
Image Source: OCI Global
Egypt’s business titan Nassef Sawiris stands fourth among the richest Arabs in 2025. His fortune spans chemicals, construction, and professional sports. Unlike other flamboyant billionaires, he keeps a low profile while wielding enormous influence across industries and continents.
OCI Global Leadership
Sawiris leads one of the world’s largest nitrogen fertilizer producers as Executive Chairman of OCI Global. His leadership has brought exceptional returns—OCI has given back approximately AED 73.4 billion to shareholders since 2000, achieving a 40% IRR. The company entered a new development phase that focuses on investments and M&A under his guidance. This phase comes with multi-billion-dollar equity investment capacity.
His exceptional business sense shines through strategic divestments. OCI’s cement exit in 2008 brought in AED 55.08 billion, proving his expertise in timing market cycles.
International Investment Portfolio
Sawiris has built a carefully crafted global investment portfolio:
- 38.8% stake in OCI N.V., a leading nitrogen fertilizer producer
- 6% stake in German sportswear giant Adidas (also serving on its supervisory board)
- 5% stake in Madison Square Garden Sports (owners of the New York Knicks and Rangers)
- Major positions in Orascom Construction and French chemical company Arkema S.A.
His family office, NNS Group, moved its headquarters to Abu Dhabi Global Market. This move aligns with other global investors setting up operations in the emirate. The billionaire’s investment group plans to acquire substantial stakes in select companies throughout Europe, the Middle East, and North America from this strategic location.
Sports Investments: Aston Villa and Beyond
Sawiris’ sports portfolio has grown remarkably since 2018. He partnered with American billionaire Wes Edens to buy a 55% controlling stake in English football club Aston Villa for approximately AED 110.1 million. They acquired the remaining shares in 2019 and put approximately AED 1.32 billion of debt-free share capital into the club.
Their ownership vehicle, V Sports, now includes a 29% stake in Portuguese club Vitória S.C. The company has formed partnerships with teams in Spain, Egypt, and Japan.
Wealth Valuation: $7.8 Billion
Sawiris’ net worth reaches approximately AED 28.64 billion ($7.8 billion). He holds the position of richest Egyptian and ranks fifth among Africa’s billionaires. His influence among the world’s richest Arabs in 2025 remains strong.
Najib and Taha Mikati: Lebanon’s Telecom Pioneers
Image Source: Myanmar Now
The Lebanese brothers Najib and Taha Mikati stand out as one of the most remarkable success stories among the richest Arabs in 2025. They built telecommunications empires in some of the world’s toughest markets and emerged as titans in places where others stayed away.
M1 Group’s Global Footprint
The Mikati brothers’ holding company M1 Group has grown into a diversified investment powerhouse with interests in:
- South African telecom giant MTN (10% ownership stake)
- Fashion retailers including Façonnable, Pepe Jeans, and Hackett London
- Prime real estate in New York, London, and Monaco
- Energy, aviation, cement, and banking sectors
This Lebanon-based conglomerate has operated for more than five decades. Their strategic investments span telecommunications infrastructure in Africa, the Middle East, and Southeast Asia. M1 acquired Myanmar’s Telenor operations for AED 385.55 million, continuing their strategy of entering politically unstable markets.
From Civil War to Billions
The brothers started Investcom in 1982 during Lebanon’s devastating civil war. They sold satellite phones as conventional telecommunications infrastructure lay in ruins. Their knack for finding opportunities in chaos became their trademark strategy as they expanded into African markets like Ghana, Liberia, and Benin.
A turning point came in 2005 when Investcom went public on the London Stock Exchange as the largest Middle Eastern company listed there. The brothers sold Investcom to MTN Group in 2006 for AED 13.22-20.20 billion (figures vary across sources) and secured their 10% stake in MTN.
Political Influence and Business Acumen
Najib Mikati’s political career includes three terms as Lebanon’s Prime Minister – first in 2005, then from 2011-2014, and again during Lebanon’s economic crisis. His political connections helped strengthen the brothers’ business operations, especially in regulated sectors like telecommunications.
The brothers excelled at securing exclusive, profitable telecommunications contracts in authoritarian regimes. Their partnerships extended to Syria (with Rami Makhlouf), Sudan, and Yemen.
Combined Net Worth: $5.6 Billion
The brothers’ wealth has grown significantly. Forbes estimated each brother’s fortune at AED 10.28 billion in 2023. More recent valuations for 2025 put their combined wealth at AED 11.38-11.75 billion ($5.6 billion). They now rank as the fourth richest family on the list of richest Arabs in the world for 2025.
Abdullah Al Rajhi: Banking Magnate
Image Source: Al Arabiya
Saudi banking legend Abdullah Al Rajhi ranks among the 2025 Arab wealth elite by championing Islamic finance principles. His current fortune of AED 9.18 billion ($2.5 billion) shows how religious values and state-of-the-art financial practices can build substantial wealth.
Al Rajhi Bank’s Islamic Finance Leadership
Abdullah leads Al Rajhi Bank, which has grown to become the world’s largest Islamic bank. The bank’s steadfast dedication to Sharia principles spans over 60 years, with formal governance starting in 1999.
His leadership saw the bank launch its first five-year USD sustainable Sukuk worth $1 billion in 2023, yielding a 4.75% annual return. This groundbreaking move came after two successful SAR Sukuk issuances in 2022.
The bank’s strength comes from having one of the Middle East’s most extensive banking networks, which gives it unique reach in domestic and international sukuk markets. Bloomberg data places Al Rajhi at the top spot in the kingdom’s sukuk debt capital markets.
Family Dynasty in Saudi Banking
Abdullah carries forward the legacy he built with his brothers Sulaiman, Saleh, and Mohammed, who together created what became Al Rajhi Bank. Their business grew rapidly during the 1970s oil boom as they helped migrant workers send money home to India and Pakistan.
The brothers received approval to open Saudi Arabia’s first Islamic bank in 1983, following religious principles that prohibited interest. The Al Rajhi family still holds majority ownership, and Abdullah’s 6% stake remains vital.
Diversification Beyond Banking
Abdullah owns Al Rajhi Factories, which produces various products:
- PVC pipes
- Foam mattresses
- Bottled water
On top of that, he holds stakes in Albaraka Group and serves on boards for Gulf Farabi Petrochemical Co. Ltd.
Current Wealth: $2.5 Billion
At rank 1462 globally, Abdullah’s wealth comes mainly from his banking interests. His diverse portfolio and leadership in Islamic finance cement his place among the richest Arabs in the world for 2025.
Abdullah Al Othaim: Retail Revolution
Image Source: Wikipedia
Among Saudi Arabia’s retail visionaries, Abdullah Al Othaim revolutionized the kingdom’s shopping world since 1956 when the company started. His estimated fortune of AED 9.18 billion ($2.5 billion) places him high on the list of the richest Arab in the world for 2025.
From Small Store to Retail Empire
Sheik Saleh Al-Ali Al-Othaim started this remarkable story with a small trading establishment in 1956. The business grew into a retail powerhouse over seven decades. Today, it operates 407 stores throughout Saudi Arabia and Egypt, with retail space reaching 651,000 square meters. The company generates 91.9% of its total sales from retail operations, while wholesale operations contribute 8.1%.
A Nielsen study in 2024 showed Al Othaim Markets now controls about 20% of Saudi Arabia’s modern retail sector. The company continues to expand rapidly. They opened eight new stores in Saudi Arabia and two in Egypt during 2024’s first quarter.
Mall Development Strategy
Al Othaim Investment Company owns 12 commercial complexes strategically. These include four Al Othaim Malls in the Eastern Province and two in Riyadh. Their presence extends to Qassim, Hail, and Arar, where they created unique destinations that combine shopping, entertainment, and hospitality.
The company creates multi-purpose facilities that enhance customer experience. Konoz Riyadh stands out as an innovative project that shows their steadfast dedication to sustainability. This development features 15,000m² of green areas that support Riyadh’s environmental initiatives.
Competing in Saudi’s Evolving Retail Landscape
Al Othaim Markets adapts to Saudi Arabia’s retail transformation as Vision 2030 reshapes the sector. They invest heavily in digital transformation and innovative shopping solutions to compete with cross-border e-commerce platforms.
The company’s performance looked promising in the first quarter of 2024. Sales grew by 9.03% thanks to new locations, better shopping experiences, and improved service levels. Yet, they face challenges from higher borrowing costs and increased expenses tied to new branch openings.
Net Worth Analysis: $2.5 Billion
Abdullah Al Othaim built his wealth through his diverse retail empire. The company reported a net profit of SAR 523 million in 2024, showing a 7% increase from the previous year. Their earnings per share climbed to 0.58 Riyal from 0.55 Riyal year-over-year.
Al Othaim’s influence extends beyond retail through 23 different projects that shape Saudi Arabia’s future in entertainment, real estate, fashion, and cinema. His strategic collaborations with Vision 2030 objectives strengthen his position among Saudi Arabia’s business leaders. His investments exceed SAR 15 billion and should create more than 50,000 jobs.
Bahaa Hariri: Lebanon’s Real Estate Titan
Image Source: International Student House Washington, DC
The eldest son of Lebanon’s assassinated Prime Minister Rafik Hariri chose real estate development over political office, unlike his brother Saad. Bahaa Hariri’s fortune of AED 7.71 billion ($2.1 billion) places him among the richest Arabs in the world through his property investments throughout the Middle East.
The Horizon Group Portfolio
Bahaa’s main wealth vehicle, Horizon Group, started in 2002 with investments across Lebanon, Jordan, and Saudi Arabia. The ambitious New Abdali development stands as his flagship project, which rejuvenated downtown Amman through collaboration with the Jordanian government. This AED 18.36 billion urban renewal project reshaped Al-Abdali district into a luxury commercial hub with upscale shopping, premium homes, and corporate offices.
Hariri opened the ‘ABC Verdun’ shopping mall in Beirut during 2017. This project emerged as a joint venture between his company, Verdun 1544, and ABC. His portfolio now includes Monaco’s high-value property market, where Horizon Group makes use of the city-state’s appeal to global elites.
Post-Political Family Legacy
Bahaa chose a different path after his father’s assassination in 2005. He sold his stake in Saudi Oger, his father’s billion-dollar construction company, to his brother Saad in 2008. While Saad became Lebanon’s Prime Minister, Bahaa focused on business ventures and created Sawa Li Lubnan, a reform-oriented political movement.
The Hariri family has strong ties to Saudi Arabia’s royal family. These connections provided both political and financial backing for their various enterprises.
Global Investment Strategy
Bahaa owns most of Globe Express Services, a logistics company that operates in over 100 countries. His investment approach focuses on building green yet luxurious urban spaces.
Wealth Estimation: $2.1 Billion
Bahaa’s wealth comes mainly from his real estate holdings and logistics interests. His estimated fortune of AED 7.71 billion carries forward his father’s business legacy, with a stronger focus on property development than government contracting.
Waleed bin Ibrahim al Ibrahim: Media Mogul
Image Source: www.alestiklal.net
Pioneer of Arab satellite television, Waleed bin Ibrahim al Ibrahim revolutionized regional media through the Middle East Broadcasting Center (MBC Group) and secured his spot among the richest Arabs in the world in 2025.
MBC Group’s Regional Dominance
MBC Group started in London in 1991 as the Arab world’s first independent satellite TV station. The media giant has grown into the largest media organization in the Middle East and North Africa. The group now operates over 19 free-to-air satellite TV channels and runs Shahid, its video-on-demand streaming service. The network moved its headquarters from London to Dubai in 2002 and later to Riyadh in 2022. Its weekly viewership exceeds 150 million across the region.
Rise of Arab Media Landscape
Al Ibrahim’s vision turned MBC from a single London-based channel into a global multi-platform media empire over three decades. The network became the first broadcaster to deliver satellite-based, free-to-air 24-hour television across the Arab world. The company expanded beyond traditional broadcasting and ventured into digital content production. A dedicated team of 2,000 employees helped reshape how Arab audiences consume entertainment and news.
Government Partnership and Ownership Changes
MBC’s ownership structure underwent major changes recently. Al Ibrahim managed to keep a 40% stake after authorities cleared him of any wrongdoing in the 2017 anti-corruption investigation. Saudi Arabia’s Public Investment Fund (PIF) acquired a 54% stake in MBC Group for SAR 7.5 billion (AED 7.34 billion) by late 2024. The company’s IPO in January 2024 proved successful as retail investors oversubscribed it 17.6 times.
Current Valuation: $1.4 Billion
Al Ibrahim’s wealth currently stands at $1.4 billion. His achievements extend beyond financial success. Arabian Business ranked him as the 27th most influential Arab among 100 Arab personalities in 2007. He also earned the title of Media Man of the Year at the 4th MENA Cristal Awards in 2008.
Mohammad Abunayyan: Energy and Water Innovator
Image Source: ACWA Power
Founder and visionary in sustainable energy, Mohammad Abunayyan has made his mark as a key player among the richest Arabs in the world. He brings groundbreaking clean energy and water solutions to the Middle East. His entrepreneurial trip spans 40 years with a special focus on energy transition technologies.
Sustainable Infrastructure Investments
Abunayyan started ACWA Power in 2004, which has become a leading force in sustainable infrastructure. He chooses projects that meet global sustainability standards and bring real economic benefits. The company’s portfolio under his guidance supports:
- Water conservation initiatives
- Eco-friendly transportation systems
- Green hydrogen development projects
These investments have made Saudi Arabia a frontrunner in environmentally responsible development. ACWA Power reached a milestone in January 2025 when it entered China’s renewable energy market and expanded globally.
ACWA Power’s Regional Impact
ACWA Power serves millions of people across 12 countries in the Middle East, Africa, Central Asia, and Southeast Asia. The company oversees 94 assets worth $97 billion in total investment.
Abunayyan’s leadership has built strong public-private partnerships that help develop regional infrastructure. His approach combines new technology, cost leadership, and excellent operations. This makes ACWA Power central to energy changes throughout these regions.
Vision 2030 Alignment
Abunayyan’s businesses directly support Saudi Arabia’s Vision 2030 goals. His companies help achieve key national targets like economic diversity, lower environmental impact, and new breakthroughs.
On top of that, his projects work toward all 17 UN Sustainable Development Goals. This shows his steadfast dedication to both international sustainability standards and national priorities.
Wealth Assessment: $3.2 Billion
Abunayyan’s live net worth reached AED 11.75 billion ($3.2 billion) in April 2025. His wealth comes from:
- 4.5% ownership in publicly-traded ACWA Power after its 2021 IPO
- Shares in Saudi public companies through Vision Invest and Abunayyan Holding
- Investments in wastewater treatment, logistics, and flour milling enterprises
His extensive board roles, including chairman positions at Jazan Gas Projects, Dussur, and Saudi Airlines Cargo, strengthen his influence in the region’s business world.
Abdullah bin Ahmad Al Ghurair: UAE Banking Pioneer
Image Source: Emirates 24/7
Abdullah bin Ahmad Al Ghurair leads UAE’s financial revolution and ranks among the richest Arabs in the world of 2025.
Mashreq Bank’s Growth Story
Al Ghurair’s wealth journey began in 1967 when he founded Bank of Oman, now Mashreq. This 56-year old banking institution has grown into a financial powerhouse under his family’s leadership. His son Abdul Aziz chairs Mashreq today, which Brand Finance named the fastest-growing banking brand in the Middle East in their 2024 Banking 500 rankings. The bank posted impressive numbers with a net profit before tax of AED 9.9 billion for 2024. Mashreq also earned the title of Middle East’s Best Digital Bank at the Euromoney Awards for Excellence five years running.
Family Business Diversification
Al Ghurair built his business empire beyond the banking sector. His family’s conglomerate operates in 50 countries and employs 28,000 people worldwide. Their portfolio spans food and resources, construction, energy, and venture capital. This broad range of investments helps protect the family’s wealth from market changes.
Philanthropic Initiatives
Education remains the heart of Al Ghurair’s legacy. He built one of the first schools in the Northern Emirates before UAE’s formation in the early 1970s. ALECSO recognized him as the first Goodwill Ambassador for education in the Arab world in 2016. His generosity peaked when he pledged one-third of his personal wealth—AED 4.2 billion—to create the Abdullah Al Ghurair Education Foundation (AGF). This foundation now supports Emirati and Arab youth education.
Wealth Growth to $4.2 Billion
Al Ghurair and his family’s net worth reached AED 11.75 billion by July 2023. This figure tells only part of the story, given his substantial charitable giving. His business success across multiple sectors places him firmly among the wealthiest Arabs of 2025.
Yousuf Mohammad Jamjoom: Pharmaceutical Leader
Image Source: LinkedIn
Saudi pharmaceutical visionary Yousuf Mohammad Saleh Jamjoom stands among the richest Arabs in the world for 2025. His wealth comes from decades of pharmaceutical breakthroughs. His net worth reaches AED 4.41 billion ($1.2 billion). He exemplifies healthcare entrepreneurs’ growing power in the region’s wealth rankings.
Healthcare Empire Building
The foundations of Jamjoom’s success started at Jamjoom Medicine Store. He led the company as CEO from 1965 to 2005. His early business focused on storing and distributing pharmaceutical products. Later, he established Jamjoom Pharmaceuticals Factory, which grew into one of Saudi Arabia’s largest producers of over-the-counter medicines.
Today, Jamjoom owns nearly 42% of the company. His son Mahmoud leads as chairman and carries forward the family’s pharmaceutical legacy. The company reached a milestone in 2023 by going public on the Saudi stock exchange. This move strengthened its market position.
Market Disruption in Arab Pharmaceuticals
Jamjoom’s enterprise plays a vital role in Saudi Arabia’s pharmaceutical transformation. The kingdom moves away from its traditional focus on generic drug manufacturing. Instead, it welcomes breakthroughs and research development. This change helps meet modern healthcare needs, strengthens drug security, and positions Saudi Arabia as a global pharmaceutical leader.
Jamjoom Pharmaceuticals arranges with Vision 2030 goals by improving operational efficiency and helping national self-sufficiency. The company combines global best practices with local expertise. This approach maximizes value for stakeholders and reinforces its leadership in Middle East and Africa’s pharmaceutical manufacturing.
Wealth Creation: $1.2 Billion
Jamjoom’s influence extends beyond pharmaceuticals through his directorships in major companies:
- International Medical Center in Jeddah
- AlGhazzawi Group of Companies Holding
- Saudi Airlines Medical Services
His diverse portfolio and strategic collaborations with Saudi Arabia’s healthcare goals cement his place among the richest Arabs of 2025. This reflects healthcare leaders’ rising influence in the region’s wealth landscape.
Comparison Table
Name | Net Worth (2025) | Primary Industry | Key Business/Company | Notable Investments/Holdings | Country |
---|---|---|---|---|---|
Prince Alwaleed Bin Talal | $16.5B | Investment | Kingdom Holding Company | Four Seasons Hotels, Citigroup, X (Twitter) | Saudi Arabia |
Sulaiman Al Habib | $10.9B | Healthcare | HMG Group | 7 hospitals, 1,913 beds, 1,371 clinics | Saudi Arabia |
The Al Muhaidib Brothers | $11.0B | Diversified | Al Muhaidib Group | Savola Group, ACWA Power, Bawan Holding | Saudi Arabia |
Nassef Sawiris | $7.8B | Chemicals/Construction | OCI Global | Adidas (6%), Madison Square Garden Sports (5%) | Egypt |
Najib and Taha Mikati | $5.6B | Telecommunications | M1 Group | MTN (10%), Fashion retailers, Real estate | Lebanon |
Abdullah Al Rajhi | $2.5B | Banking | Al Rajhi Bank | Al Rajhi Factories, Albaraka Group | Saudi Arabia |
Abdullah Al Othaim | $2.5B | Retail | Al-Othaim Markets | 407 stores, 12 commercial complexes | Saudi Arabia |
Bahaa Hariri | $2.1B | Real Estate | Horizon Group | New Abdali development, Globe Express Services | Lebanon |
Waleed bin Ibrahim al Ibrahim | $1.4B | Media | MBC Group | 19 TV channels, Shahid streaming service | Saudi Arabia |
Mohammad Abunayyan | $3.2B | Energy/Water | ACWA Power | 94 assets across 12 countries | Saudi Arabia |
Abdullah bin Ahmad Al Ghurair | $4.2B | Banking | Mashreq Bank | Diversified conglomerate across 50 countries | UAE |
Yousuf Mohammad Jamjoom | $1.2B | Pharmaceuticals | Jamjoom Pharmaceuticals | 42% ownership stake, International Medical Center | Saudi Arabia |
Arab business titans have amassed incredible wealth in 2025. The top 12 leaders now control a staggering $68.9 billion. Saudi Arabia leads this wealth surge, and eight of these powerful figures call it home.
Each leader has carved their own path to success. Prince Alwaleed’s wealth of $16.5 billion comes from smart global investments. Dr. Sulaiman Al Habib built his $10.9 billion fortune through state-of-the-art healthcare solutions. The Al Muhaidib brothers’ story illustrates successful family business expansion with their combined $11 billion wealth.
These success stories reveal interesting patterns. Family businesses show remarkable strength, especially when they welcome modern practices and professional management. Mutually beneficial alliances with national development plans, especially Saudi Vision 2030, are vital to their ongoing success.
The financial landscape shows a broader economic revolution. Healthcare, renewable energy, and digital technology have become major growth drivers alongside traditional sectors like banking and real estate. These successful leaders share similar traits: they adapt to market changes quickly, spread their investments wisely, and maintain strong business practices.
Their accomplishments signal a transformation in Arab business – moving from traditional trading to sophisticated global enterprises. This progress sets up the Arab world to grow economically and creates wealth opportunities that will benefit future generations.