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These are the world's richest Arabs

Middle East News
Wed, 13 Apr 2016
GDN Online Desk
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Middle East News: These are the world's richest Arabs
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From automotives to real estate, Forbes lists the 10 richest Arabs of 2016 and how they earned their wealth.



Net Worth: $3.1 Billion

Age: 72

Source of wealth: Food, Self Made

Country of Citizenship: Algeria


Issad Rebrab founded Algeria's biggest privately held conglomerate, Cevital. It owns one of the largest sugar refineries in the world, with an annual output of 1.5 million tons; it also produces vegetable oil and margarine. Rebrab has been diversifying by buying European companies in distress. In 2014, he acquired (for an undisclosed amount) Groupe Brandt, a large French-based maker of appliances which had filed for bankruptcy protection. Cevital has invested more than $200 million to build a Brandt plant in Algeria which will employ 7,500 people.

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