Economics

Prince Alwaleed Is Richest Arabian Businessman for Seventh Year

Lock
This article is for subscribers only.

Prince Alwaleed bin Talal was ranked the richest Arab businessman by Arabian Business magazine for the seventh year after adding more than $2 billion to his wealth this year.

Alwaleed’s assets were valued at $20.4 billion, the Dubai-based magazine said today in its 2010 Arab Rich List, adding that the figure was confirmed by the Saudi prince’s office in Riyadh. It compares with Alwaleed’s wealth of $18 billion reported last year by Arabian Business.