Arabian Business have released their World’s 50 Richest Arabs list for 2016 and seven Lebanese made the list:

2- Joseph Safra (Brazil,Lebanon) ($12bn)
23- Najib Mikati ($3bn)
24- Taha Mikati ($3bn)
30- The Hayek Family (Switzerland,Lebanon) ($3bn)
43- Saad Hariri ($2bn)
45- Fouad Makhzoumi ($2bn)
46- Robert Mouawad ($2bn)

Joseph Safra gained 1 spot from last year to clinch the second spot behind Prince Alwaleed bin Talal Al Saud, Najib & Taha Mikati both gained 5 spots, The Hayek Family went up 3 spots while Saad Hariri went down 8 spots.

Saudi Arabia dominated the list with 19 billionaires, followed surprisingly by Lebanon (7), Egypt (4), then Kuwait, Syria and Morocco with 3 billionaires each.

You can check out the full list [here].