(MENAFN- Muscat Daily) Mohammed al Barwani, chairman, MB Holding, figures among the world's 1,645 billionaires who have been featured on the Forbes magazine's 2014 World Billionaires List, released last week.
As many as 18 billionaires from four GCC countries, including Saudi Arabia, Oman, the UAE and Kuwait, have been ranked in Forbes' billionaire list this year, with a combined wealth of US$72.3bn.
Forbes ranked Barwani at 1,372th place, with a net worth of US$1.2bn.
Of 18 billionaires from the GCC, seven are from Saudi Arabia, four from the UAE, five from Kuwait and one from Oman. Saudi billionaire Prince al Waleed bin Talal al Saud was again ranked as the wealthiest individual in the GCC and across the Middle East on the list, with a net worth of US$20.4bn.
According to Forbes, Barwani has joined the Forbes billionaires list for the first time this year. He founded energy conglomerate MB Holding as MB Trading in 1982. In 1986, the company started providing oil field services, soon expanding into exploration and the production of oil and gas, which remains the most valuable part of the business.
''Barwani's five children are all active in the company, which had 2012 revenues of US$1.3bn. In 2010, he bought luxury yacht manufacturer Oceanco, which builds custom 280ft boats for the world's super-rich,'' Forbes said.
In its list this year, Forbes features a total of 1,645 billionaires with an aggregate net worth of US$6.4tn, up from 1,426 billionaires with a total net worth of US$5.4tn a year ago.
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