New entrant to 2009 Arab Billionaires
Mansour Bin Zayed new entrant to 2009 Arab Billionaires
List as UAE ranks second with combined billionaire wealth of US$21.4 billion
Forbes Arabia Magazine, the Arabic edition of the world-renowned Forbes business magazine, has unveiled its Arab Billionaires List for 2009 in its April issue. The line-up includes 34 Arabs with a combined wealth of around US$ 115.8 billion, 35% lower than last year’s US$ 177.6 billion.
In terms of the total wealth of the billionaires, the UAE with a combined wealth of US$21.4 billion of its six billionaires is ranked second in the Arab wrld behind Saudi Arabia. The new entrant to the billionaire list from the UAE is Sheikh Mansour bin Zayed Al Nahyan, who with a personal wealth of US$4.9 billion ranks second in the UAE, 8th among Arab billionaires and 104th globally. The 2009 billionaires list saw the exclusion of UAE’s Mahdi Al Tajir.
Sheikh Mansour bin Zayed Al Nahyan, the Minister for UAE Presidential Affairs, is the newest billionaire in the Gulf region. Sheikh Mansour is the first person from the royal family in Abu Dhabi to run an investment business under his own name. Sheikh Mansour emerged as a major international investor in September 2008 when he acquired the English football club Manchester City in a US$300 billion deal. Further, his investments expanded in the United Kingdom with his role in bailing out Barclays Bank after the British gvernment was set to nationalis it. For this bail-out Sheikh Mansour teamed up with Qatar Investment Authority, the sovereign wealth fund institute in Qatar, to offer US$9.6 billion to the bank.
http://www.bi-me.com/main.php?id=34280&t=1&c=61&cg=4&mset=1011
you mean Speed, they 'spread their wealth around' esp. for those needy. How humble they are.:)
much richer then these billionaire, but they keep their profile very low and spend most of their money for different Charities.
that this new entrant looks so young! Hmm..born to be rich.
Of course, Alexa, of course...
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These lists only reveal part of the story. There are many people who try hard to ensure their wealth is not public knowledge.
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