The Middle East is fabled for extraordinary wealth and an exotic lifestyle. The oil boom of the 70s (and the mega-boom of today) brought a seemingly endless wave of wealth into the Arab economy; high-rolling sheikhs squander fortunes on palatial residences and eye-popping luxuries.

The ever-increasing revenue from the jealously-guarded oil reserves have added to their opulent bank accounts. It isn't, however, only black gold that fattens the already-rich Arab countries... bold investments and acquisitions in technology, media, real estate and tourism industries are a large reason they are as wealthy as they are.

Despite the disastrously weak economy of the West and political tensions in their own lands, the sky is nowhere near the limit for the Arab businessman! There is more money to be made!

Check out the list of the five richest Arabs, as listed by, in the world...