Many of the Middle East's wealthiest merchant families have lost as much as a third of their fortunes since the onset of the global financial crisis in 2008, according to a new report.
The billionaire owners of some of the biggest family trading empires in the region have suffered a 33.5 per cent reduction in wealth between 2008 and last year, according to a report from Société Générale Private Banking and Forbes Insights.
The report studied 21 billionaires in the UAE, Saudi Arabia, Kuwait and Lebanon, out of a global sample of 1,253.
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