Move over, Waltons. Another family has emerged as the richest dynasty in the world.
For the first time, the House of Nahyan has joined Bloomberg’s annual ranking of family fortunes, and done so at the very top.
With a $305 billion fortune, the Al Nahyans of Abu Dhabi topped the Waltons of Walmart Inc. by a cool $45 billion. Another new entrant: the Al Thanis, the royal family of Qatar, at No. 5.
The petro-fortunes are reshaping global business as never before. Their flexing of personal — as well as sovereign — financial firepower adds multibillion-dollar exclamation points to the region’s growing influence. All three Gulf families on the ranking are likely far richer than these conservative estimates.
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