8) The Bugshan family (Saudi Arabia) – Net Worth: $6 Billion
This Saudi Family is based in Jeddah. They have investments in many industries like luxury cosmetics, watches, automobiles, real estate and electronics. The have strong presence not only in Saudi Arabia, but also in other nations like Morocco, Yemen, Algeria and the UAE.
7) The Kanoo family (Barhain) – Net Worth: $6.1 Billion
The Kanoo Group is the biggest family firm in Bahrain. The group has been doing business for more than 120 years. It was established by Haji Yusuf Bin Ahmed Kanoo in 1890. What started as a trading and shipping business has today become a diversified and highly regarded business house in the Gulf region and beyond. Members of the Kanoo family are rich and respected in Bahrain.
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