Arabian Business: "while it takes a very good businessman to make money, it takes a brilliant one to hold on to it when times r tough".Arabian Business has just released the 2009 “rich list” & guess what, al Waleed is on top as always. No surprise at all but despite the economical situation an increase of his wealth is just unbelievable. While almost half of his wealth is invested in Citigroup, he managed somehow to add nearly one billion dollars to his wealth.
As an Emirati, I noticed that the Galadari family has entered the list for the first time with two billions dollars as net worth. The Galadari’s are known as the exclusive Mazda dealer and a former Ford dealer. An old classic business family which also known as the richest family in Dubai back in the seventies & the eighties when they loaned the government to build Dubai’s first underwater tunnel.
