Tuesday, April 17, 2012

THE ARROGANCE OF WEALTH

The wealth of UAE billionaires increased by more than 10 per cent to $7.6 billion, according to Forbes Middle East Arab billionaires ranking. In the UAE, according to Forbes Middle East, Abdul Aziz Al Ghurair's wealth improved to $2.9 billion from $2.7 billion, Saif Al Ghurair's assets jumped to $2 billion from $1.7 billion, Abdulla Al Futtaim's holdings increased to $1.6 billion over $1.3 billion. "The motivation behind publishing this list is to deliver the powerful message, that behind these billions lay wealthy individuals who have fought long and hard, and given generously. These success stories present lessons to be learned that money cannot buy, and serve as an inspiration to us all," Forbes Middle East's editor-in-chief, Khuloud Al Omian commented on the ranking." (Khaleej Times, 9 April) The amassing of such immense amounts of wealth is credited to individuals who have "fought hard and long" and supposedly "serve as an inspiration to us all". In fact their greatest attribute was to be born to some wealth blood-sucking member of the owning class. RD

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