The Ultra-High Net Worth Individuals Of Arabia

Ultra-High Net Worth Individuals, or UHNWIs, are defined as persons having a net worth of at least $30 million of investable assets.

Some banks and research firms put the threshold at $50 million or more, but we’re sticking with the former figure.

Riyadh is home to more than 1,645 ultra high net worth individuals, according to Knight Frank’s The Wealth Report 2021. Dubai has 536, Abu Dhabi 380, Doha 184, Kuwait 208, and Muscat 111 UHNWIs. We think there are more.

Overall in the Middle East, the number of UHNWIs is projected to increase 24.6 per cent in the next five years, according to the report.

It is hard to imagine how anyone could compile a list of such an enviable universe of UHNWIs. However, looking at shareholding data of public companies, estimated values of private corporations based on their publicly-traded peers, real estate project developers, known yacht and private jet ownership, art collections, highly-publicized international investments, and philanthropic donations, a partial list can be compiled.

Moreover, our list of UHNWIs below draws on years of research work, regional experience, and knowledge of who’s who in Arabia.

To comply with various legal requirements, we do not include any private information. However, if any person wishes to be removed from the list, they can simply send us an email.

Subscribers to our Platinum and Diamond plans can view the entire list of UHNW individuals and their bios. Subscribers receive a link to the list in their welcome email.