The 9 Richest Men in UAE 2024
The Indian entrepreneur, Azad Moopen works in the healthcare, physician and philanthropic field. He has developed some great health care facilities in the Asia-Pacific region. Sawiris is Egypt’s wealthiest man, with a net worth of about $7.6 billion, according to the Bloomberg Billionaires Index. Aged 62, his substantial stake in sportswear giant Adidas and ownership of OCI, one of the world’s largest nitrogen fertiliser producers, underline his prowess in the investment domain.
His visionary leadership has spurred economic diversification, with investments in real estate, tourism, and aviation. Mohamed Alabbar, a prominent Dubai billionaire and real estate magnate, voiced concerns about the sustainability of Dubai’s booming luxury market. He highlighted the rapid influx of millionaires and the city’s struggle to accommodate them, citing insufficient resources and space. The city’s population is projected to grow significantly, driven largely by high-net-worth individuals from India, the UK, and Russia.
- Al Ghurair’s influence extends beyond his business ventures, with involvement in various philanthropic activities aimed at supporting education and healthcare initiatives in the region.
- We all strive to become rich, wealthy to live the life we have ever dreamt of.
- Dubai is one of the most prosperous and technologically advanced cities around the globe.
- He established the company in 2011 and intends to list it on the Dubai Stock Exchange in 2025.
The son of Khalad Al Habtoor, the investor, business tycoon, CEO and vice-chairman of the Al Habtoor Group. The Al Habtoor Group is one of the largest corporations around the UAE. Mohammed Khalaf Al Habtoor was born in one of the biggest business families in Dubai. In this article, we list the top 25 richest people in Dubai with a net worth above a billion USD.
Top 25 Richest People in Dubai
Sajwani’s business prowess extends beyond real estate, with ventures in the hospitality and leisure sectors, further solidifying his status as a key player in Dubai’s economic landscape. Abdulla Al Ghurair is a banking magnate and one of the wealthiest individuals in Dubai. As a pioneer in the banking industry, Al Ghurair’s financial ventures have significantly contributed to Dubai’s position as a global financial hub. Ravi Pillai, hailing from India, has carved a niche for himself in Dubai’s construction industry. His company, RP Group, is a conglomerate with interests in construction, hospitality, and healthcare.
- The Mall of the Emirates, one of the flagship properties of his company, stands as a testament to his impact on Dubai’s flourishing retail industry.
- Saeed Bin Butti Al Qebaisi has an investment partnership with a prominent billionaire, Khalifa Bin Butti Al Muhairi.
- The official Dubai tourism authority has said it is trying to push for greater product diversity and affordability in the city.
- You can go just about anywhere in the city via one long main road (Sheikh Zayed Road) which is a 12-lane superhighway bordered by feeder roads.
- In 2006, he opened the company Taghleef Industries by merging Dubai PolyFilm with AKPP in Oman and Technopak in Egypt.
- Unfortunately, most of my time in Dubai was spent with memories of Morocco (I got food poisoning on my last night there, and the effects lasted for several days).
- As a result, Taghleef Industries became one of the world’s largest manufacturers of polypropene films, food packaging, and lamination.
The Dubai-based Indian entrepreneur is as another Dubai Bling star who’s established an impressive net worth for herself. Farhana founded I am Woman of the World, which focuses on expanding women-led businesses through social events ad connection building. A fan favourite for a reason, the Lebanese beaut Loujain Adada also began her career in the limelight at 14. First as a model, then as an MTV presenter, Loujain’s been comfortable in front of the camera for some time now.
Who are the top 10 richest people in Dubai?
Abdul Aziz Al Ghurair, a prominent figure in Dubai’s business community, is the CEO of Mashreq Group and the head of the Al Ghurair family. With interests spanning banking, real estate, and manufacturing, Al Ghurair has played a key role in the economic development of Dubai. Mashreq Group, under his leadership, has been a pioneer in adopting innovative banking practices. Al Ghurair’s influence extends beyond his business ventures, with involvement in various philanthropic activities aimed at supporting education and healthcare initiatives in the region. In conclusion, the wealth of Dubai’s richest individuals is a reflection of the city’s economic prowess and the entrepreneurial spirit that permeates its business landscape. As the city continues to evolve, the contributions of these wealthy figures will undoubtedly influence its future trajectory.
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Pillai’s journey from a small construction contractor to a business magnate is a testament to his entrepreneurial spirit. As Dubai continues to expand its infrastructure, Pillai’s role in the construction sector has been instrumental, earning him a place among the city’s wealthiest individuals. In the list of richest persons in the world Hussain stands at 962nd number. 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. In 1967, Abdulla bin Ahmad Al Ghurair founded Mashreqbank, which has since grown into one of the leading banks in the United Arab Emirates.
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Originally from a village in Kerala, India, Yusuff Ali relocated to Abu Dhabi in 1973 to join his uncle’s modest distribution enterprise. 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. In June 2021, Hussain Sajwani resigned as the Chairman of DAMAC Properties and agreed to privatize the company. Ghurair is also the CEO of the Dubai-based Al-Ghurair Group, one of the largest manufacturing and real estate companies in the United Arab Emirates.
Dubai faces challenges in construction and execution due to the high demand. Additionally, the city’s hotel market is expanding rapidly, with a strong focus on luxury properties, despite calls for more diverse and affordable options. Hussain Sajwani is the founder and chairman of DAMAC Properties – a real estate development company.
Education tycoon Sunny Varkey has made significant contributions to Dubai’s education sector through the establishment of GEMS Education. GEMS, one of the largest private education providers globally, operates numerous schools in the UAE and around the world. Varkey’s commitment to providing quality education has not only impacted the lives of countless students but has also propelled him into the ranks of Dubai’s wealthiest individuals. His philanthropic endeavors, including the Varkey Foundation, focus on education initiatives richest man in dubai globally, reflecting a commitment to societal development. Dubai, a city known for its opulence and extravagant lifestyle, is home to some of the wealthiest individuals in the world.
