05 May, 2006

Forbes ranking of billionaires

Link: CNN

Quote:
Kings and sheikhs of the oil-rich Gulf Arab states still top the Forbes list [of individual net worth], to be published in its May 22 edition.

Saudi King Abdullah is number one with an estimated $21 billion, followed by Sultan Hassanal Bolkiah of Brunei at $20 billion and United Arab Emirates' President Sheikh Khalifa bin Zayed al-Nahayan at $19 billion.
...
Perhaps the most industrious of the leaders listed is Sheikh Mohammed bin Rashid al-Maktoum, ruler of Dubai, with a net worth of $14 billion.

Forbes estimates the renowned racehorse breeder also helped raise Dubai's gross domestic product from about $8 billion to nearly $40 billion since 1994 by diversifying its industries outside of oil and making successful investments overseas.

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