Dubai is full of tycoons, but why doesn’t anyone make the list of the world’s richest people?

In our impression, the country of Arabia is full of wealthy people. The streets are full of rich people wearing glittering necklaces and expensive sports cars. But what is strange is that there are so many Arabs. Rich people, but there are almost no Arab names in the Forbes rich list. Why is that?

First of all, we need to understand why Arabs are so rich!

As a Middle Eastern country, Arabia has become one of the richest countries in the Middle East due to its rich oil resources. In fact, Saudi Arabia is not as rich as everyone thinks. Although it has many rich people, it is actually only a minority. Although there are rumors on the Internet that one can make over a million by picking up trash in Dubai, that is only a phenomenon that can only occur in wealthy areas. It does not mean that the whole of Dubai is like that!

In 2017, Arab per capita GDP only ranked 38th in the world, not even catching up with Taiwan. Moreover, Saudi Arabia has always relied on oil to make its fortune, so the industrial structure is quite simple, and many tertiary industries have failed to develop.

But the exploitation of oil does not mean that every Arab has the right to exploit it. Arabia has a royal family, and the right to exploit oil is firmly in the hands of the royal family. This means that the oil industry has been monopolized by the nobles. The Arab royal family has a large population and is high-profile. They often go to the streets to show off their wealth, so it creates a problem for people. It gives the impression that there are many wealthy people in Arabia.

Besides, the criteria for judging the Forbes rich list are personal assets, but the assets of the Arab royal family are shared by the entire royal family, so there is no particularly wealthy person among them who can qualify. Get on this rich list.

This is why no one from Dubai has entered the Forbes rich list!

And like the people on the ranking list, they all have their own personal assets, their own personal worth, and the ownership belongs to them. Unlike the royal family in Dubai, the economy belongs to everyone, and there is no mention of it. It's by one person!