Page 26 - Forbes - USA (March 2018)

LeaderBoard

drop-offs
hotel

saudi arabia MohaMMed al aMoudi
$8.1 billion
Assets include a swedish refinery,
It’s hard to ImagIne a saudi gas stations and an ethiopian
faster or more audacious way to conglomerate (gold mining, farming,
obtain billions of dollars than construction).
the route recently taken by Saudi
Crown Prince Mohammed bin
Salman: force the country’s
richest people to turn over their
personal fortunes to the state Prince sultan bin MohaMMed
bin saud al Kabeer
as part of an “anticorruption $3.8 billion
campaign.” his publicly traded Almarai dairy
Late last year the 32-year-old company is among the largest in the
middle east.
heir to the throne locked up a
group of Saudi billionaires and
other businessmen at an ultra-
luxe prison—the 492-room,
palm-lined Ritz-Carlton Riyadh. Prince alwaleed
Some were his own relatives, bin talal MohaMMed al issa
including Prince Alwaleed Bin $18.7 billion $2.6 billion
chairs publicly traded kingdom his Assila investments has stakes in a
Talal, 62, the most recognizable holding, which has investments bank, a food processor and hotels.
Saudi mogul in the West. in lyft, twitter, citigroup and
the Four seasons.
Alwaleed and many others
have been released, but checking
out of the Ritz-Carlton cost
billions. There are a thousand
saleh KaMel
and one stories about what $2.3 billion
precisely happened, making it Founded dallah Albaraka conglomerate
impossible to know definitively (real estate, food, health care).
who gave how much to whom
when. Given these shifting sands
of truth, we’ve chosen to leave all
ten Saudis off our billionaires list
this year; none would comment.
abdullah al rajhi
With greater clarity regarding $1.9 billion
their wealth, some might with brothers, built Al rajhi Bank, one
of world’s largest islamic banks.
eventually return to the ranking.

abdul Majeed alhoKair AlwAleed: Ben BAker/redux Pictures; sAleh-kAmel : Amer hilABi/AFP/Getty imAGes; ritz: AndreA hAnks/zumA Press/newscom
$1.2 billion
salMan alhoKair
$1.2 billion
Fawaz alhoKair
$1.2 billion
BY KERRY A. DOLAN AND CHRISTOPHER HELMAN
the three brothers’ real estate empire
includes 19 shopping malls.

MohaMMed seraFi
$1.1 billion
The Ritz-Carlton Riyadh real estate investor.

24 | FORBES maRch 31, 2018