The richest individuals on the planet have had a difficult year; the total number of billionaires worldwide has decreased to 2,668 from 2,755 in 2021. This year, 236 new members joined the list, totaling 329 persons who were removed. The combined net worth of all billionaires worldwide has decreased to $12.7 trillion in 2022 from $13.1 trillion in 2021.

With the exception of Majid Al Futtaim, who passed away in December 2021, the list of the richest Arabs in the Middle East in 2022 is essentially unchanged from the one in 2021. For the seventh year in a row, Saudi millionaires were left off of Forbes’ list of the world’s billionaires in 2022.

At $7.7 billion in net wealth, Nassef Sawiris is the richest Arab in the world. Compared to 2021, his wealth decreased by $600 million, making him the wealthiest Arab billionaire of the year. Sawiris owns 6% of Adidas, a company whose share price has plummeted.

The only Algerians on the list and the second richest Arabs in the world are millionaire Issad Rebrab and his family from Algeria. The wealthiest people this year are Najib Mikati, the prime minister of Lebanon, and his brother Taha, who have each witnessed increases in fortune of $700 million. Their individual net worths total $3.2 billion.

The two countries having the most billionaires in the region are Egypt and Lebanon, each with six.

The combined net worth of the six Egyptian billionaires is $18.3 billion. These include the two Sawiris brothers, Naguib and Nassef, the three Mansour brothers, Mohammed, Youssef, and Yasseen, as well as the 93-year-old former Harrods owner, Mohammed Al Fayed.

The combined net worth of the six Lebanese billionaires is $12.6 billion. Among them are the two Mikati brothers and the three brothers—Bahaa, Ayman, and Fahed Hariri—of former billionaire and Lebanon’s prime minister Saad Hariri.

Three U.A.E. billionaires—Hussain Sajwani, Abdulla bin Ahmad Al Ghurair & family, and Abdulla Al Futtaim & family—are included in the 2022 list. Both Morocco and Qatar have two billionaires: Faisal Bin Qassim Al Thani and Hamad bin Jassim Al Thani, both members of the Qatari Royal Family, represent Qatar, and Moroccan prime minister Aziz Akhannouch & family and banking tycoon Othman Benjelloun & family represent Morocco.