The Forbes 2016 World’s Billionaires list has been revealed and no surprise that some of its biggest players are from the GCC region.

“Volatile stock markets, cratering oil prices and a stronger dollar led to a dynamic reshuffling of wealth,” said Forbes’ Luisa Kroll explaining how this year’s list has seen a drop in 10-figure fortunes.

“We found 1,810 billionaires, down from a record 1,826 a year ago,” she added. “Their aggregate net worth was US$6.48 trillion, US$570 billion less than last year.  It was also the first time since 2010 that the average net worth of a billionaire dropped – it is now US$3.6 billion, US$300 million less than last year.”

While eight of the top 10 billionaires were from the US (60-year-old businessman Bill Gates came in at number one while 31-year-old Facebook CEO Mark Zuckerberg came in at number 6) our GCC moguls didn’t fair too badly either. Here are the top 10 richest people in the region:

1. Prince Alwaleed Bin Talal Alsaud

 

Prince Alwaleed bin Talal Donald Trump Twitter

Rank: 41

Net worth: US$18.3bn

Country of citizenship: Saudi Arabia

Sector: Investments

Age: 60

Related Story: Prince Alwaleed’s Twitter War With Donald Trump 

 

2. Mohammed Hussein Al Amoudi

Rank: 138

Net worth: US$8.4bn

Country of citizenship: Saudi Arabia

Sector: Oil, diversified

Age: 69

 

3. Majid Al Futtaim and family

Rank: 270

Net worth: US$5.1bn

Country of citizenship: United Arab Emirates

Sector: Real estate, retail

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4. Abdulla bin Ahmad Al Ghurair and family

Rank: 286

Net worth: US$4.9bn

Country of citizenship: United Arab Emirates

Sector: Diversified

 

5. Prince Sultan bin Mohammed bin Saud Al Kabeer

Mohammed bin Saud Al-Kabeer

Rank: 477

Net worth: US$3.5bn

Country of citizenship: Saudi Arabia

Sector: Dairy farms

Age: 62

 

6. Hussain Sajwani

Rank: 527

Net worth: US$3.2bn

Country of citizenship: United Arab Emirates

Sector: Real estate

Age: 63

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7. Abdulla Al Futtaim

Rank: 549

Net worth: US$3.1bn

Country of citizenship: United Arab Emirates

Sector: Auto dealers, investments

 

8. Mohammed Al Issa and family

Rank: 771

Net worth: US$2.4bn

Country of citizenship: Saudi Arabia

Sector: Investments

Related Story: Why We Won’t Be Getting A Pay Rise In 2016

9. Saif Al Ghurair and family

Rank: 810

Net worth: US$2.2bn

Country of citizenship: United Arab Emirates

Sector: Diversified

 

10. Sheikh Faisal Bin Qassim Al Thani

Faisal Bin Qassim Al Thani

Rank: 906

Net worth: US$2bn

Country of citizenship: Qatar

Sector: Hotels, diversified

Age: 68

 

Images: Getty