The annual rating is led by a dynasty from the UAE for the first time The Bloomberg ‘World's Richest Families 2023’ list, published earlier this week, revealed how the global wealth distribution is being reshaped by oil fortunes. According to the rating, the House of Nahyan, the family of UAE President Sheikh Mohammed bin Zayed Al Nahyan, which joined the list for the first time, emerged as the richest dynasty in the world. Their home emirate of Abu Dhabi is the place where most of UAE’s oil reserves are found. The ruling family’s fortune was estimated at $305 billion. Second-richest is the US-based Walton family,
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