11) Qaboos bin Said al Said Sultan of Oman – $700 million
Sultan Qaboos bin Said has a fortune of $700 million. He has led successful diversification of economy with grand objective of reducing the oil sector’s hefty 40% contribution to GDP to 9% by 2020. Promoting gas and tourism industries; government also owns stake in the Wave, a $2.5 billion mixed-use beachfront development in country’s capital, Muscat.
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