Saudi Arabia, ranked 30th, is the only other country from the Arab world listed among the top 30 countries with 10 billionaires in 2019. Abdullah Al Futtaim owns the nationality of Emirati with a net worth of 2.1 US billion dollars. He specialised in the field of retail and real estate, operations in the automotive industry. Moreover, Abdullah bin Ahmad Al Ghurair holds many eponymous companies and mammoth corporations with the interest of real estate and food construction. Later, he sold it to a Chinese consortium in 2016 with a worth of $900 million. He is known for his tremendous investments that always bring profitable results.
Top 10 Richest People in Dubai, UAE
Durov’s wealth has grown by over 405 per cent in a year from $3.4 billions in 2020 to $17.2 billion in 2021. As reported by Khaleej Times, more than 3,500 millionaires from Africa and 1,500 high-net-worth individuals from the UK have relocated to Dubai in the past decade alone, according to New World Wealth. Durov is not only a billionaire, but he was able to make a name for himself at a young age and founded VK when he was only 22. After refusing to cooperate with the Russian government, Durov fled Russia and became a French citizen.
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Abdulla bin Ahmad Al Ghurair, founder of Mashreq Bank, and Sunny Varkey, founder of GEMS Education Group, are tied together at 982nd place with a net worth of $3 billion each. Currently, Ali is in the top 500 of all billionaires and continues to invest time and energy into the retail industry. He prides himself on being a self-made man who put in a lot of effort to build his company and gain wealth. Mohammad Khalaf Al Habtoor has long been one of the wealthiest residents of Dubai. Although his net worth was estimated at 2.3 billion by Forbes in 2006, current estimates of his net worth are slightly lower.
- Durov is not only a billionaire, but he was able to make a name for himself at a young age and founded VK when he was only 22.
- The conglomerate currently holds the franchise right to IKEA stores in Qatar, Oman, UAE, and Egypt.
- In 2018, as the CEO of DICO International, he signed an international hospitality partnership with the famous global fashion house Roberto Cavalli Group to re-design the AYKON Hotels.
Who are the top 10 richest people in Dubai?
Among all the rich men in Dubai, Sunny Varkey ranks seventh and is the wealthiest individual with a net worth of $2.5 billion. B.R. Shetty is the founder of NMC Health, BRS Ventures, Neopharma, and Fnablr, and is the sixth richest person in Dubai with a net worth of $2.6 billion in 2023. In 2018, he joined the Giving Pledge which provides commitment to donate half of his wealth to charitable causes. Micky Jagtiani, with a net worth of $3.1 billion, is also an Indian billionaire residing in Dubai. He owned the Landmark Group, which specializes in retail, footwear, electronics, beauty products, and apparel.
Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. The individuals on this list belong to an even more exclusive club and wield still more power. Many are founders of technology giants, with much of their wealth still invested in the companies they started. “Over the past year, the total number of billionaires had risen to 2,682 from 2,544 a year earlier, and their worth to $14 trillion from $12 trillion.
The United Arab Emirates (UAE) is a wealthy country situated on the Arabian Peninsula, with its major cities, Sharjah and Abu Dhabi, ranking number 11 and 10 respectively, richest man in dubai for the highest GDP capita worldwide. Billionaires in Dubai tend to live in a handful of exclusive neighborhoods. The most popular is Palm Jumeirah, the palm-shaped artificial island with 17 “fronds,” each lined with roughly 150 villas.
RG Group is a multinational conglomerate employing more than 70,000 employees across its business. In 2008, Jagtiani was listed as the 16th richest Indian with a net worth of $2 billion; his net worth has gradually increased to about $3.1 billion in 2022. According to Glusea, Micky Jagtiani is married to Renuka Jagtiani, and they have three children. Shetty has been actively involved in advertising, hospitals, financial services, pharmaceuticals, retail, and information technology. In 1973, he was appointed as the country’s first medical representative and later launched the New Medical Centre Health in 1975.
Abdulla Al Futtaim is an Emirati billionaire businessman and founder of the Al-Futtaim Group, a large conglomerate based in Dubai, UAE. Al-Futtaim Group employs more than 44,000 people and mainly operates in divisions such as; electronics, industries, automotive, real estate, insurance, services, retail, and overseas. As the 412th richest person worldwide, Saif Al Ghurair has a net worth of $1.7 billion, which can be greatly attributed to his several investments in different companies.
Abdulla Al Ghurair is the first Goodwill Ambassador for education in the Arab world since 2016. Ravi Pillai has grown his enterprises in other countries such as Bahrain and Qatar. He has also gained interest in other segments such as cement, hospitality, steel, construction, and oil and gas. They share two children; a daughter, Dr. Arathi Ravi Pillai, and a son, Ganesh Ravi Pillai. However, Pillai started a small trading business by partnering with a local farmer and established Nasser S. Al Hajri Corporation (NSH) with 150 employees two years later.
The top 10 UAE residents featured in the list are Pavel Durov, Yusuffali M.A., Micky Jagtiani, Hussain Sajwani, Ravi Pillai, Abdulla bin Ahmad Al Ghurair, Sunny Varkey, Joy Alukkas, Abdulla Al Futtaim and family, and Dr Shamsheer Vayalil. While some billionaires live very secretive lives, Al Habtoor has shared a lot about himself. He wrote an autobiography that shows how he started as a man of modest means and became a business powerhouse.