QatarDay

RICHEST PEOPLE IN QATAR

RICHEST PEOPLE IN QATAR By Josephine Justin - April 27, 2023
RICHEST PEOPLE IN QATAR

RICHEST PEOPLE IN QATAR

Known for its vast reserves of natural gas and oil, Qatar has one of the highest per capita incomes in the world, and this wealth is largely concentrated in the hands of a few individuals and families.

The ruling Al Thani family has played a momentous role in the development of Qatar's economy, and many of its members are among the wealthiest people in the country. In addition to the royal family, there are many other wealthy individuals in Qatar who have amassed their fortunes through business ventures and investments. These individuals include prominent businessmen and entrepreneurs, as well as high-level government officials.

Many of these wealthy individuals are involved in the country's booming real estate sector, which has been a major driver of economic growth in recent years. Qatar has seen a rapid expansion of luxury hotels, high-end shopping malls, and exclusive residential developments, all catering to the country's affluent residents and visitors.

Here is a list of some of the richest people in the country:

1. Sheikh Abdullah Bin Mohamed Bin Saud Al Thani

H E Sheikh Abdullah Bin Mohamed Bin Saud Al Thani is a prominent member of the Qatari royal family and currently serves as the Qatari Ambassador to Germany.

Sheikh Abdullah is well-known for his work in the field of culture and heritage preservation. He has been a strong advocate for promoting Qatari culture both at home and abroad, and has played a key role in the establishment of several cultural and educational institutions in Qatar.

He is also a successful businessman, with interests in a range of industries and was instrumental in transforming Ooredoo from a one-country telecom operator to a multinational group- with a presence in 10 countries. 

2. Sheikh Faisal Bin Qassim Faisal Al Thani

Sheikh Faisal Qassim Faisal Al Thani is a member of the Qatari royal family and a prominent businessman. He is the chairman of Al Faisal Holding, a diversified conglomerate with interests in various industries, including real estate, hospitality, healthcare, and education.

Al Faisal Holding owns more than 20 hotels around the world, including the St. Regis in Washington, D.C. and Miami, and the W Hotel in London. Al Faisal Holding also has a majority stake in publicly-traded Aamal, which owns real estate in Qatar and sells medical supplies and pharmaceuticals. Al Thani started selling car parts in Doha at age 16. He became the sole distributor of Bridgestone tires in the 1960s.

In addition to his business activities, Sheikh Faisal Qassim Faisal Al Thani is known for his philanthropic work. He has contributed to various charitable causes in Qatar and beyond, particularly in the fields of education and healthcare. He has also established the Sheikh Faisal bin Qassim Al Thani Museum, which showcases his collection of over 15,000 objects related to Qatari heritage and Islamic art.

3. Akbar Al Baker : $1.35 Billion

Akbar Al Baker is a prominent businessman and aviation executive from Qatar. He is currently the CEO of Qatar Airways, one of the world's leading airlines. Al Baker was born in Doha, Qatar in 1961 and began his career in the airline industry in 1985.

Under Al Baker's leadership, Qatar Airways has expanded rapidly, growing from a small regional carrier to a global airline serving countless destinations worldwide. Al Baker is known for his ambitious plans for the airline, including the goal of making Qatar Airways the world's best airline.

In addition to his role at Qatar Airways, Al Baker is also involved in a number of other business ventures in Qatar and beyond. He serves on the board of directors of several companies and has been recognized for his contributions to the aviation industry with numerous awards and accolades. 

4. Saad Sherida Al Kaabi

Saad Sherida Al Kaabi is a Qatari businessman and politician. He was born in 1966 and holds a degree in petroleum and natural gas engineering from Pennsylvania State University. Al Kaabi has had a long career in the oil and gas industry, working for Qatar Petroleum (QP) for over 30 years.

Currently, Al Kaabi serves as the Minister of State for Energy Affairs of Qatar and the President and CEO of Qatar Petroleum. In these roles, he oversees the management of Qatar's vast oil and gas reserves and is responsible for developing and implementing energy policies for the country.

In addition to his work in the energy industry, Al Kaabi is also involved in several other business ventures, including investments in real estate and healthcare. He is also actively involved in philanthropic work and has supported various charitable initiatives in Qatar and beyond.

5. Hamad bin Jassim bin Jaber Al Thani

Hamad bin Jassim bin Jaber Al Thani is a Qatari businessman and politician. He was born in 1959 and is a member of the Qatari royal family.

Hamad bin Jassim Al Thani was prime minister of Qatar between 2007 and 2013; he also served as foreign minister from 1992 until 2013. His great uncle founded modern Qatar in 1971, and he's a cousin of the current Emir. Through an entity called Paramount Services Holdings, Al Thani owns 3% of Deustche Bank, his biggest publicly-traded holding.

Al Thani is also a prominent businessman and has been involved in various industries, including banking, real estate, and media. He is known for his wealth and influence in Qatar and has been involved in various high-profile business deals and diplomatic initiatives.

6. Wissam Al Mana

Wissam Al Mana is a Qatari businessman and investor. He was born in 1975 in Doha, Qatar, and is the Executive Director of Al Mana Group, a Qatar-based conglomerate with operations in several industries including automotive, real estate, retail, and hospitality.

Al Mana grew up in London and is also known for his investments in the fashion industry, particularly his partnership with luxury brands such as Hermès, Giorgio Armani, and Alexander McQueen. The Al Mana Luxury Company represents these and other high-end fashion brands in the Middle East.

He is also known for his high-profile marriage to American singer Janet Jackson, whom he married in 2012 and had a child with in 2017. The couple announced their separation in 2017.

(FORBES MIDDLE EAST, WIKILISTIA, LIVINGINGULF.COM, QATARJUST.COM)

By Josephine Justin - April 27, 2023

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