BR Shetty is the managing director and CEO of the Abu Dhabi based UAE Exchange and the new medical group of companies. His other firms UAE Exchange also becomes functional in India and provides banking services and also acquire the Travelex Holdings in last year. BR Shetty estimated net worth is US $ 1.7 billion and he is ranked at No. 9 in the list of top 10 richest people of UAE.
Abdulla Al Ghurair is the Emirati billionaire and the scions of a prominent UAE business family. In 1967 Abdulla founded Mashreq bank which is now becomes the one of the country's leading bank. He serves as the chairman and his son Abdul Aziz is CEO of the bank. The family holding company is managed by the outsider with the help of Abdulla's sons who look after the various divisions including the real estate, food and construction business. Abdul Aziz is also the head of the family business of the Gulf Network Cooperation Council, which aim is to modernize and diversified the family businesses, and ensuring that business remain in family hands. Abdullah Al Ghurair estimated net worth is US $ 6.4 billion and he is ranked first in the list of top 10 richest people of United Arab Emirates.
Ravi Pillai is also the Indian born Emirati entrepreneur and business magnate. He is the head of the RP Group of companies that drives his fortune from the constructions firm Al-Hajri corp. that he established with his Bahrain partner. He also plans to expend his business into real estate and building the 110-story building in Dubai and has made investments in malls, hotels, school and in banks. Ravi Pillai estimated net worth is US $ 2.4 billion and he is ranked at No. 7 in the list of top 10 richest people of UAE. Saif Al Ghurair is the Emirati billionaire and the CEO of the Dubai based Al-Ghurair group which is the largest manufacturing and real estate firm of UAE.
Which is the richest emirate He is the former chairman of family holding company Al Ghurair Group with his brother Abdulla who is also a billionaire and both are scions of an old Dubai merchant family. Saif's sons are also holds positions within the group that has interests in banking, plastics for food packaging and in steel. He is also a major shareholder in Mashreq bank which is the leading bank of UAE. Saif Al Ghurair estimated net worth is US $ 3.4 billion and he is ranked at No. 4 in the list of top 10 richest people of UAE.
Yousuf Ali is the Indian born Emirati businessman and the managing director of the EMKE LuLu Group of companies; that headquarter based in Abu Dhabi. His business group also owns the LuLu Hypermarket in the Gulf countries. He also acquires the iconic Scotland Yard apartments in the London and plans to build a luxury hotel. He also expands his retailing empire to 119 hypermarkets, grocery outlets, supermarkets and dozens of stores and malls in the South Asia, Africa and in India.
Yousuf Ali estimated net worth is US $ 2.5 billion and he is ranked at No. 6 in the list of top 10 richest people of UAE. Micky Jagtiani is the Indian entrepreneur and based in UAE and the owner of the Landmark Dubai based retail store group. He also holds the stakes in the high street retailer firm of UK Debenhams and he plans to expend his business from the Gulf countries to China.
Micky Jagtiani estimated net worth is US $ 5.2 billion and he is ranked third in the list of top 10 richest people of UAE. Abdulla Al Futtaim is the Emirati billionaire and the owner of the conglomerate Al Futtaim holdings with his brother Majid Al Futtaim who is also a billionaire. His company is the exclusive distributor of Honda and Toyota vehicles in the United Arab Emirates and has retail stores of Toyotas in Egypt.
The adding up his automotive business, Al Futtaim also owns the franchises of Ikea, Toys and Marks & Spencer which fasten its real estate projects like the urban community of Dubai Festival City, and the newly opened Cairo Festival City. Abdullah Al Futtaim estimated net worth is US $ 3.2 billion and he is ranked at No. 5 in the list of top 10 richest people of UAE. Another Indian born Dubai billionaire to make our list is B.R. Shetty, a man who can thank his $2.6 billion net worth on his position at the head of a health care and financial services empire that includes the like of BR Life, NMC Healthcare, and holding company Finabir under its banner. In 2018, Shetty showed of his philanthropic credentials when he signed the Given Pledge, an effort that encourages the world's richest to donate half of their wealth to charitable courses within their lifetime.
The Al Habtoor family owns a total of USD 7.2 billion in wealth. Mohammed Khalaf Al Habtoor is the son of a business tycoon, investor, and vice-chairman and CEO of the Al Habtoor Group which is one of the largest conglomerate companies in the UAE. Hw was born into one of the biggest business families in the UAE. Mohammed Al Habtoor managed the diversification of the group into the real estate, hotels, education, insurance, hospitality, automotive, and publishing industry.
He has a net worth of $5.9 billion and is considered the 296th richest person globally. His family also owns various companies in food, retail, and construction. Abdulla Al Ghurair founded Mashreqbank, a leading U.A.E. bank, in 1967. He stepped down as chairman in October 2019, but remains a board member. His holding company Al Ghurair Investment has interests in food, construction and real estate.
Al Ghurair Foods claims to have the biggest pasta factory in the Middle East. His construction company did the exterior cladding of Burj Khalifa, the world's tallest building, and helped build the Dubai Metro. His brother Saif Ahmed Al Ghurair, who passed away in August 2019, was also a billionaire. Sunny Varkey is the Emirati Dubai based educational entrepreneur and humanitarian. He is the creator and the chairman of the GEMS Education system which is the largest operator of the private school from Kindergarten to grade-12 and has the network of 130 schools in Middle East countries.
He is also the chairman of the Varkey Group and the trustee of the philanthropic foundation. Sunny Varkey estimated net worth is US $ 2 billion and he is ranked at No. 8 in the list of top 10 richest people of UAE. Majid Al Futtaim is the Emirati billionaire and the owner of the Al Futtaim holding that owned and operated in the retail, leisure, shopping malls in the North Africa and in the Middle East. Al Futtaim holdings are diversified in the three subsidiaries of retail, properties and Al Futtaim ventures. His venture group provides the amenities such as the financial services, cinemas, entertainment, leisure, fashion and healthcare products and also deals in food and beverages.
Majid Al Futtaim estimated net worth is US $ 6.2 billion and he is ranked second in the list of top 10 richest people of UAE. With a net worth estimated by Forbes to be $6.1 billion, Majid Al Futtaim ranks as the richest person in Dubai. According to Forbes, the company generated $8.8 billion in revenues and $600 million in profits in 2017, making it easy to see how Al Futtaim acquired his billionaire status. Ravi Pillai is another Dubai-based Indian billionaire and founder of RP Group, the biggest employers of Indians in the entire Middle East. He has been able to maintain his spot on the Forbes Billionaire ranking with an estimated net worth of $2.5 billion, the same as his last year's net worth.
Ravi Pillai moved to Saudi Arabia and with the help of a resourceful local partner, he built his RP Group into a construction heavyweight in the middle list. Today, his company is worth an estimated $7.8 billion in revenue. Luxury sports cars are a routine sight in Dubai, especially for the super-rich.
While some of us can only dream about driving our favourite supercars, Dubai's elite are know to take their Bugattis and Lamborghinis for a quick grocery run! The royal family of Dubai is also well known for their love of exclusive supercars. His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, one of the world's richest billionaires with a net worth of $13.9B was the first person to receive a custom made Mercedes Benz G55 AMG.
For the past two generations, the UAE are experiencing an unprecedented transition from a Bedouin and pre-industrial to an urban and technologically advanced modern society and has become one of the richest countries in the world. In 2013, the gross domestic product went up to 3.1% in comparison to 2012. The UAE also focuses on a consistent development of other sectors, such as logistics and transports, organizing exhibitions, but also financial services, trade and tourism. Thanks to its convenient location, the UAE especially Dubai and Abu Dhabi have become the hub of international air transport. The UAE provides enormous possibilities for all types of companies to make exports into the UAE.
King Maha Vajiralongkorn is believed to be the richest individual royal in the world, with a fortune of $30 billion (£24.4bn). His assets, which can be spent at the "King's pleasure", include enormous tracts of valuable real estate in central Bangkok, large stakes in several key Thai companies, and shares in luxury hotel group Kempinski. The portfolio reportedly generates around $3 billion (£2.1bn) in revenue each year. Thaksin Shinawatra is the former prime minister of Thailand but has been living in Dubai, UAE for over 10 years. Thaksin Shinawatra is in control of the largest stake in SC Asset, a property firm.
He also has investments in two U.K-based health tech startups, Owlstone Medical and DNANudge. With a net worth of $2 billion, Thaksin Shinawatra is one of the richest people in the world and also in the United Arab Emirates. Yussuf Ali ranks 589 on Forbes Billionaire ranking and the second-richest expatriate in the United Arab Emirates, only behind Pavel Durov, albeit, by a country mile. Yussuf Ali is popular for founding Lulu Group International which is the best fashion retail brand in the Middle East with over 193 stores worldwide. Yussuf Ali moved to Abu Dhabi, UAE, in 1973 to support his uncle's distribution business. He has since become a business tycoon himself and in 2020, one member of Abu Dhabi's royal family purchased about 20% stake in his company for a reported fee of $1 billion.
Oil has made Dubai one of the richest states or emirates in the world. The city is the wealthy trading hub for the Gulf and Africa. Even though Dubai has little oil, the black gold has made the city rich.
In less than 50 years, Its robust economy has made Dubai an affluent state admired around the world. The oil industry and forward-thinking business strategies have enabled Dubai to become a global economic powerhouse. Azad Moopen is the Dubai-based Indian physician, philanthropist and the founder of the Medicity Healthcare facility if Asian pacific. He is the chairman and the MD of the Aster Healthcare conglomerate which was established in 1987.
He also provided the healthcare facilities in Indian and has MIMS hospitals with 3,000 employees. Azad Moopen estimated net worth is US $ 1.1 billion and he is ranked at No. 10 in the list of top 10 richest people of UAE. In 2002, Hussain Sajwani founded the real estate development company DAMAC Properties. It's since grown into one of the leading companies in the sector, having orchestrated the development of multiple large scale, luxury properties and projects across both Europe and the UAE.
He currently places #962 overall on the list of the world's richest people. As the 412th richest person in the world, Saif Al Ghurair heads up the Al Ghurair Group, one of the largest real estate and manufacturing companies in the UAE. His $1.7 billion net worth can also be attributed to his significant investments in Mashreq, the oldest privately held bank in the UAE.
Founded on 2 December 1971, the United Arab Emirates today consists of seven federated emirates. Its first president put the country on the path to modernization, investing oil profits in building hospitals, schools and housing. The UAE is among the richest countries in the world; nevertheless, despite all efforts, children's and non-citizens' rights remains a matter of concern. Abuse and access to education, especially for girls, remain sensitive issues.
Abu Dhabi, the largest and richest emirate, has controlled the country's presidency since the emirates joined together in the early 1970s. The current UAE president, Sheikh Khalifa bin Zayed, is from Abu Dhabi's Al Nahyan ruling family. Since he suffered a stroke in 2014, he has rarely been seen in public. A half brother, Sheikh Mohammed bin Zayed, the de facto ruler, rose to prominence over the past decade while steering the UAE's armed interventions in Yemen and Libya. He founded and chairs Horizon Group, a real estate holding company with investments in Amman, Jordan, and Beirut, Lebanon.
The project, in partnership with the Jordanian government, is worth an estimated $5 billion. He's the majority owner of Globe Express Services, a logistics company with a presence in more than 100 countries. Dubai is a uniquely affluent emirate because it isn't dependant on selling oil to thrive.
Its diverse economy is based around trade, transportation, technology, tourism and finance. With the world's busiest international passenger traffic, Dubai has become the gateway to the East. But the emirate is no longer just a stopover for moneyed travelers. Dubai is the globally admired destination for the rich and famous and everyone in between.
At No. 6 among the UAE's richest people is Indian-born and Abu Dhabi-based M.A. Yusuff Ali with a net worth of $2.5bn (Dh9.2bn), up from last year's $1.8bn (Dh6.6bn). Alwaleed's wealth fell sharply in late 2018, as his stake in the Kingdom Holding Company is said to have dropped by 70% in value since 2014. The prince was freed in January 2018 following several months' detention. He is thought to have paid authorities a settlement fee to secure his release, with reports suggesting it was as high as $6 billion (£4.36bn). He described the situation as a "misunderstanding"and said there was "not necessarily" a settlement fee. Known to some people as the Mark Zuckerberg of Russia, Pavel Durov is one of the richest men in the world with a net worth of $17.2 billion, ranking him as the 112th richest man on the planet.
Pavel Durov has provided stiff competition with Mark Zuckerberg after he created a free messaging app, Telegram, which currently has over 500 million users worldwide. When Durov was 22, he created Vkontakte, Russia's biggest social network and sold a 12% stake for an estimated $300 million in 2015. Like many of the leading tech geeks, Durov has taken a special interest in cryptocurrency and 2018, together with his brother Nikolai, he was able to raise about $1.7 billion to create a blockchain system based on Telegram called TON. Durov is a resident of Dubai which also serves as the headquarter of Telegram. Several foreign investors have made the country their abode for so many reasons. Dubai is one of the places in the world that everyone wishes to go to at least once in their lifetime and this explains why the city is home to so many foreign billionaires.
Several expats in the UAE have been among the richest people in the world. Having your name featured on the popular Forbes Billionaires List is always a huge honour and something every person would like at some point. Saeed Bin Butti Al Qebaisi is one of the top 15 billionaires of Dubai. He is the chairman of an Abu-Dhabi firm, Centurion Investments that looks after the investments in money exchange, health care and retail. His wealthiest and most profitable stake is in NMC Health (a London-listed firm ). Most people recognize this region for its rich oil reserves, and it's still one of the biggest exporters of this natural resource.
In fact, the rich supply of oil is one reason so many countries in this area have earned a spot on the list of the world's wealthiest nations. Dubaimay be the second-largest emirate in the country, but it holds the biggest population, majority of which are expats from around the world. Dubai has a thriving business and tourism industry, having a skyline dotted by majestic buildings and towers. Here, you will find the Burj Al Arab (a 7-star hotel), the Burj Khalifa , and the luxurious Palm Trilogy islands, among many other attractions. Sajwani is considered the third richest billionaire in Dubai.
