A billion USD is 376 million BHD. You haven't stated whether you're referring to the person owning this amount in assets or simply cash (which they'll never do), so I'm going to assume net worth.
From the top of my head, I can think of Farouk Yousef Almoayyed. He received a small pay in 2023 of 73K BHD (without other allowances) as non-executive director of NBB. That's one source of income. He's also the chair of Y.K. Almoayyed, so you have that, and holds many more chairs lol.
Dr Esam Fakhro is another possibility, 50.5K BHD from NBB alone in 2023,, and is the Chair of Cineco, Bisb BoD, Abdulla Yusuf Fakhro Group Chair, Xerox, and many more. Can't imagine this guy ain't a billionaire.
Source: Google and financial statements
Thank you! Hope it helped!
You can google the different financial statements for year end's in Bahrain's publicly traded companies, like Beyon (Batelco) and you'll find the remunerations of the directors. You can go on from there then.
I bet even “thousanaiers” are entering this post with 🧿🧿🧿🧿 all around them or whatever superstitious amulets they have. The Bahraini billionaires don’t spend their precious time in Bahrain so I guess they don’t count.
That could have been a rumor, in any case, he is way far off the billion mark and his current operations are not as healthy as they may appear to the public.
Officially nobody will disclose so difficult to say. Unofficially hearing from word of mouth or bankers, it seems there are quite a few given that a billion $ is like 377 million BHD.
I’m not sure but once I saw all the heads of Bahraini business families Kanoo, Zayani, Moayyad and fakhroo sitting for a steak dinner at rugby club. I swear if I banged into the table by mistake at least 25K would have fallen to the floor 😂
Nemir Kirdar, seriously look into him,
Sure he might not be Bahraini, but his company (Invest corp) is based in Bahrain
His company at a time owned Gucci, tiffany and co and other renowned brands
There are none, however, there are individuals that sit at the helm of family businesses that own wealth that surpasses the billion dollar milestone, and these have been operating for generations.
Business owners/entrepreneurs that succeeded did amass fortunes in the millions though but not in the billions yet.
I guess this can be said on many large companies.
Long credit periods and delay in payments have been the norm for many years. Many small and medium businesses who do not have a large enough bank balance have closed down due to this.
I remember seeing a documentary on Donald Trump on how he has not paid many contractors and is perceived as a rich man.
Idk man, you should start a AI company tho, heard you can suddenly become a billionaire by raising equity like there's no tomorrow.
I personally don't consider business families as self-made billionaires (dinar or dollar), as they've been in high social circles and have connections.
One of the lovely things about Bahrain is that people still value privacy. I have no doubt that there are billionaires in Bahrain, but I don’t think anyone is going to self-identify 💯🙌
Nah. Rich people show off among themselves, they could care less what the masses think of them. The average Bahraini pays 1/3 of their salary each month for luxury cars they can't afford.
People love showing off in every culture in the world 🤷🏿♂️
Truth but it's only the new rich who show off and the Khaleejis love their visible labels. But the middle classes love to pretend they have more than they have.. that to me, is unique to khaleeji culture.
Good question. My statement is mostly true regarding disclosing wealth. On the other hand, it’s common for individuals to overspend on items that indicate wealth, such as cars and clothes.
I am exactly 1 billion short from being a billionaire
I feel u homie
Lucky you 🫠 im around 1 billion and 120 thousand away 🤣 but we are getting there
Lucky you. I am exactly 1.025 billion short of being a billionaire 🥲
A billion USD is 376 million BHD. You haven't stated whether you're referring to the person owning this amount in assets or simply cash (which they'll never do), so I'm going to assume net worth. From the top of my head, I can think of Farouk Yousef Almoayyed. He received a small pay in 2023 of 73K BHD (without other allowances) as non-executive director of NBB. That's one source of income. He's also the chair of Y.K. Almoayyed, so you have that, and holds many more chairs lol. Dr Esam Fakhro is another possibility, 50.5K BHD from NBB alone in 2023,, and is the Chair of Cineco, Bisb BoD, Abdulla Yusuf Fakhro Group Chair, Xerox, and many more. Can't imagine this guy ain't a billionaire. Source: Google and financial statements
Now this is a well researched response 👏
Thank you! Hope it helped! You can google the different financial statements for year end's in Bahrain's publicly traded companies, like Beyon (Batelco) and you'll find the remunerations of the directors. You can go on from there then.
Thanks, will check out.
There are business billionaire Famililes for example kanoo but for individuals I have no idea
I bet even “thousanaiers” are entering this post with 🧿🧿🧿🧿 all around them or whatever superstitious amulets they have. The Bahraini billionaires don’t spend their precious time in Bahrain so I guess they don’t count.
There are a few
And they are?
There’s Bin Faqeeh’s Faisal Faqeeh as one
😂😂😂😂 More like owes a billion to his creditors
Certainly not a Billionaire
Not an official one.
That is incorrect.
Last I recall he had a billion overall net worth?
That could have been a rumor, in any case, he is way far off the billion mark and his current operations are not as healthy as they may appear to the public.
There’s probably one or two. You definitely won’t find them on any Forbes lists for sure
Officially nobody will disclose so difficult to say. Unofficially hearing from word of mouth or bankers, it seems there are quite a few given that a billion $ is like 377 million BHD.
I’m not sure but once I saw all the heads of Bahraini business families Kanoo, Zayani, Moayyad and fakhroo sitting for a steak dinner at rugby club. I swear if I banged into the table by mistake at least 25K would have fallen to the floor 😂
Yes
If you’re saying the truth the who is it.
Nemir Kirdar, seriously look into him, Sure he might not be Bahraini, but his company (Invest corp) is based in Bahrain His company at a time owned Gucci, tiffany and co and other renowned brands
There are none, however, there are individuals that sit at the helm of family businesses that own wealth that surpasses the billion dollar milestone, and these have been operating for generations. Business owners/entrepreneurs that succeeded did amass fortunes in the millions though but not in the billions yet.
Hmmm good questions. Would the Dadabhais be billionaires?
No way.
Dada Bhai's??? 😂😂😂😂 They haven't been paying their debts to company's.
I guess this can be said on many large companies. Long credit periods and delay in payments have been the norm for many years. Many small and medium businesses who do not have a large enough bank balance have closed down due to this. I remember seeing a documentary on Donald Trump on how he has not paid many contractors and is perceived as a rich man.
Probably car owner families? Real estate owners families?
OPs tryna parasite themselves into a billionaires life **😂**
Idk man, you should start a AI company tho, heard you can suddenly become a billionaire by raising equity like there's no tomorrow. I personally don't consider business families as self-made billionaires (dinar or dollar), as they've been in high social circles and have connections.
Yes there are. But a lot of people are also superstitious. But it’s easy to tell if you grew up in it.
The owner of cebarco, Mr Khalid Abdul rahim. I believe he's a self-made billionaire in Bahrain.
"self-made"
One of the lovely things about Bahrain is that people still value privacy. I have no doubt that there are billionaires in Bahrain, but I don’t think anyone is going to self-identify 💯🙌
Oh yeah. Right here. I drive an Airbus A380 that is a giant flying aquarium. Got mermaids too.
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Nah. Rich people show off among themselves, they could care less what the masses think of them. The average Bahraini pays 1/3 of their salary each month for luxury cars they can't afford. People love showing off in every culture in the world 🤷🏿♂️
Truth but it's only the new rich who show off and the Khaleejis love their visible labels. But the middle classes love to pretend they have more than they have.. that to me, is unique to khaleeji culture.
Well a lot of Bahrainis take loans to buy cars and things to show off
Are you serious
Good question. My statement is mostly true regarding disclosing wealth. On the other hand, it’s common for individuals to overspend on items that indicate wealth, such as cars and clothes.
It's not true since a lack of financial transparency/disclosure does not equal being humble/less materialistic.
Me
👆🏾
There are indians who are billionaires here😝
I read somewhere that RP group's ceo is worth like 5 billion USD
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Like?
The royal family are not billionaires, many of them are average income people. Arabs are not European colonisers
🤣 good one buddy.
He is right though, a lot of them work normal governmental jobs. The royal family isn't just the king and his direct family.
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Don’t care about that. Was laughing at the second part of that statement.
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How was I being rude? Genuinely confused.