GCC Billionaires Make Their Mark in Bloomberg’s Billionaires Index

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

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The latest Bloomberg Billionaires Index, a prestigious ranking of the world’s top 500 wealthiest individuals, has highlighted significant achievements within the GCC. Notable among these elite ranks is Saudi Arabia’s Alwaleed Bin Talal, who leads the GCC billionaires and holds the 123rd position globally, with a net worth of *$17.4 billion*. Alwaleed's investments across various sectors have solidified his dominance in the region.

Other prominent GCC billionaires include *Sulaiman Al Habib, also from Saudi Arabia, ranked with a fortune of *$11.7 billion*, followed by **Abdullah Al Ghurair* from the UAE, boasting *$9.28 billion, and **Mohammed Al Amoudi* of Saudi Arabia with *$9.22 billion*. These individuals represent the thriving business environment in the Gulf, contributing to the region's growing influence on the global economic stage.

Additionally, Abu Dhabi-based Indian businessman *Yusuff Ali M.A, Chairman of LuLu Group, stands as the only Indian entrepreneur in the GCC to feature in the index, ranked **483rd globally* with a net worth of *$6.45 billion*.

As the GCC continues to diversify and expand economically, its billionaires are playing a critical role in driving development, showcasing the region’s growing wealth and influence on a global scale.

With the technology sector maintaining its dominance worldwide, the index also highlighted global shifts, including *Elon Musk* holding the top spot with a net worth of *$263 billion, and **Mark Zuckerberg* surpassing *Jeff Bezos* to become the second wealthiest person in the world.

These rankings underline the significance of the global elite in shaping financial landscapes, with the GCC now firmly established as a key player in the global wealth distribution.