Forbes recently released its annual ranking of the world's richest people ... and for the first time, Saudis did not make it to the list.
Forbes' annual ranking - which lists a record of 2,208 billionaires - excluded all Saudi billionaires from the list, following the kingdom's anti-corruption purge.
"Forbes chose to leave off all 10 Saudis given reports of asset seizures after some 200 people, including some billionaires were detained," the publication wrote on its website. Putting Saudis aside, 31 Arabs made it to the ranking.
Egyptian billionaire, Nassef Sawiris, is the world's richest Arab
Egyptian billionaire, Nassef Sawiris - whose net worth amounts to $6.6 billion - is the world’s richest Arab, considering Prince Al Waleed Bin Talal was excluded from the list.
Of all Arab countries, the UAE has the highest number of billionaires from one country (7), followed by Egypt (6).
The total wealth of the world's richest Arabs stands at $76.7 billion, according to Forbes.
The other 5 Arabs in the Top 10
Carlos Slim Helu, whose parents are of Lebanese descent, made it to the Top 10 worldwide
Amazon CEO, Jeff Bezos - whose net worth amounts to $112 billion - outranked Bill Gates, and became the first person to ever have a net worth over $100 billion on the list of the world's billionaires.
Exclusion of Saudis from the list comes after the kingdom's anti-corruption purge
In November, Saudi Arabia's large-scale anti-corruption purge saw over 300 individuals, including members of the royal family, businessmen, and former and current government officials, get arrested, with many forced to turn over their personal fortunes to the kingdom.
The billionaire was detained by Saudi authorities and was released after two months of detention at Riyadh's Ritz Carlton, where a number of those arrested were being held.
Still, bin Talal's business and personal wealth saw a decrease over the months.
Forbes estimates Talal's net worth to be at $17.4 billion with a majority of his monetary value lying in the Saudi-listed investment firm Kingdom Holding Company, which lost billions following his arrest.
The billionaire's personal wealth plunged by some $2 billion following his arrest, according to Forbes. Reports after his release revealed he will remain head of Kingdom Holding.
10 Saudis were excluded from Forbes' 2018 ranking
Forbes released a list highlighting all the Saudi nationals who were excluded from this year's ranking. Forbes also included each person's net worth from 2017.
Here's a look:
- Prince Alwaleed bin Talal ($18.7 billion)
- Mohammed Al Amoudi ($8.1 billion)
- Prince Sultan bin Mohammed bin Saud Al Kabeer ($3.8 billion)
- Mohammed Al Issa ($2.6 billion)
- Saleh Kamel ($2.3 billion)
- Abdullah Al Rajhi ($1.9 billion)
- Abdul Majeed Alhokair ($1.2 billion)
- Salman Alhokair ($1.2 billion)
- Fawaz Alhokair ($1.2 billion)
- Mohammed Serafi ($1.1 billion)