In the latest ranking of Arab billionaires that business magazine Forbes Middle East has just unveiled, the fortune of Algerian businessman Issad Rebrab has made a spectacular leap.
Apparently, the crowned virus pest has spared several big bosses in the Arab world from its disasters. The “cursed” year was indeed fruitful for the second fortune in the Arab world. According to the Arabic-language media, Ennahar, the economic magazine Forbes Middle East revealed that the founder and owner of the largest first private industrial group in Algeria, Issad Rebrab, has become even richer since the start of the pandemic.
However, he is not the only one who has seen his fortune grow rapidly. The fortunes of two (02) other bosses of the African continent have also increased dramatically in times of crisis. They are Egyptian businessman Nassef Sawiris and Moroccan magnate Aziz Akhannouch.
Ultimately, all the leaders of the Arab world accumulate a global fortune of 58.1 billion dollars thus recording an increase of 10.8 billion dollars compared to the balance sheet of the month of April. Extraordinary figures of fortunes amassed through their investments in several sectors.
This is how much Issad Rebrab weighs today
Unbeatable, Issad Rebrab is the first Arab billionaire whose budget curve has experienced a good evolution throughout the year 2020. In detail, the fortune of the owner of the family group Cevital recorded an increase of 3.3 billion dollars . It must be said that the coronavirus which sent several to the brink of the abyss was a boon for the Algerian.
As a result, the man whose power extends on both sides of the Mediterranean is now worth $ 7.5 million. He is now fighting for first place with boss Nassef Sawiris. He is ahead of Issad Rebrab with only $ 200 million. This since the younger brother of the ex-partner of the Algerian industrialist earned $ 2.7 billion in the past seven months.
Akhannush’s fortune, meanwhile, rose 250%, or $ 2.5 billion. The Moroccan is now the third Arab businessman to see his fortune swell during a health crisis. However, his fortune remains far from the figures of his predecessors. He then had the sum of $ 3.5 billion.
