Want to know about dubai richest person ? Well you have landed on the right article. Being known for its immense skyscrapers and desert views, Dubai is truly one of the most popular and beautiful cities in the world.
However, with so much money in the city and more than 3 million people living in it, There are bound to be some who took advantage of the opportunity and made it big. So, with some of the richest people having their homes in Dubai, who exactly are they.
Well, based on statistics such as personal wealth, business value, assets, etc. we will be listing some of the richest people of dubai and how they made their wealth. Let’s get into it.
Dubai Richest Person
Top 15 Richest People in Dubai
1. Majid Al Futtaim
Majid Al Futtaim was the founder & CEO of Majid Al Futtaim Holdings through which he amassed his impressive $3.6 billion net worth. While he passed away in December 2021,
He was known to be one of the most prominent leaders for economic growth across the Middle East. Along with this, he also owned Iran Hyper Star and Vox Cinemas, which are both prominent companies in the Middle Eastern region.
- Net Worth - $3.6 Billion
- Source Of Funds - Entertainment & Retail
- Business Name - Majid Al Futtaim Holding (MAF)
Majid Al Futtaim Holdings -
The company is present across the Middle East, Africa, and Asia with its primary business being in retail and entertainment. As of 2015, MAH owned various shopping malls such as the Mall of the Emirates, retail stores, and even the Al Mouj Muscat community.
2. Abdulla Bin Ahmad Ghurair
The retired CEO of Mashreqbank, Abdulla Bin Ahmad Ghurair is a well-known name when it comes to the real estate and banking industry.
He is also a prominent supporter of UAE education and has made several philanthropic donations towards the AGFE, which is his organization working toward improving education in Arab regions.
- Net Worth - $2.6 Billion
- Source Of Funds - Banking
- Business Name - Mashreqbank
Mashreqbank
Mashreqbank is one of the leading banks in the U.A.E. and is run by Abdulla Bin Ahmad Ghurair’s son, Abdulla Al Ghurair. The bank was founded in 1967 and provides services ranging from loans and credit cards to investment banking and more.
And he is one of most dubai richest man.
3. Ravi Pillai
Ravi Pillai is an Indian businessman who shifted from Kerela to the United Arab Emirates to grow his business and wealth. This began his rise to fame as he gradually went from a small trader to a business conglomerate with various firms under the Ravi Pillai Group.
- Net Worth - $2.6 Billion
- Source Of Funds - Construction & Investments
- Business Name - RP Group
Ravi Pillai Group
Ravi Pillai group was established in the 1970s and since then, has expanded as a construction MNC to 9 countries across the globe. The firm has projects worth more than $25 billion and is the parent company for 20 companies. He is also one of the billionaire in dubai.
4. Yusuff Ali Musaliam Veettil Abdul Kader
Yusuff Ali Musaliam Veettil Abdul Kader is the Chairman of the LuLu Group International and has amassed a wealth of nearly $5 billion. Being an Indian national, he currently sits at the 38th spot on the list of India’s richest people.
- Net Worth - $4.9 billion
- Source Of Funds - Retail
- Business Name - LuLu Group International
LuLu Group International
LuLu Group International is an Indian MNC that owns and manages multiple hypermarkets and shopping complexes around the world. The company was founded in 2000 and currently employs a staggering 57,000 people.
5. Micky Jagtiani
A true example of self-made wealth, Micky Jagtiani used to be a taxi driver in London shortly before he opened his first baby products store in Bahrain.
With hard work and determination, the Indian billionaire grew the company to become a massive brand and currently runs it with his wife, Renuka.
- Net Worth - $3.1 billion
- Source Of Funds - Retail
- Business Name - Landmark Group
Landmark Group
Landmark Group is headquartered in Dubai and owns more than 2,200 stores across 24 nations. These stores are spread across various industries such as consumer electronics, cosmetics, apparel, and more.
6. Bavagathu Raghuram Shetty
Bavagathu Raghuram Shetty is an Indian billionaire who immigrated to Abu Dabhi in 1973. Shortly after, he began developing his company, NMC health, which has now become one of the region's largest hospital chains.
Testament to his wealth, B.V. Shetty also owns the 100th floor of the world’s tallest skyscraper, Burj Khalifa.
- Net Worth - $3.15 billion
- Source Of Funds - Healthcare
- Business Name - NMC Health
NMC Health
Among many of his other businesses, NMC Health is a healthcare chain in the UAE that manages upwards of 200 facilities globally. The company currently employs 18,000 people and made a revenue of $2,057 million in 2018.
7. Sunny Varkey
Sunny Varkey is known for his impressive grasp on marketing which he has shown through his various achievements and business success.
With awards such as the Education Business Leader of the Year in 2012, he has played a vital role in educating students globally.
- Net Worth - $2.1 billion
- Source Of Funds - Education
- Business Name - GEMS Education
GEMS Education
GEMS Education was founded in 2000 and has since opened more than 80 schools in multiple countries. Along with this, the company is also involved in promoting school improvement initiatives with their professional experience.
8. Abdulla Futtaim
Abdulla Futtaim is the cousin of Majid Al Futtaim and owns the Al-Futtaim Group. He is commonly known as one of Dubai’s richest thanks to his immense net worth of over $2 billion.
Apart from this, he is involved in the automotive, real estate, and operations industries.
- Net Worth - $2.1 billion
- Source Of Funds - Automotive
- Business Name - Al Futtaim Group
Al Futtaim Group
The Al Futtaim Group was founded in the 1930s and has since become a massive conglomerate in Dubai. The company owns well-known businesses in the region such as Ikea, Orient, Toy “R” Us, and more.
With its primary line of business being the distributorship of Toyota and Lexus vehicles, it has a hold over various industries.
9. Hussain Sajwani
Hussain Sajwani is a self-made billionaire with a net worth of $2.7 billion. He is known for his aggressive and luxurious marketing schemes through which he has developed a massive real estate empire in Dubai.
- Net Worth - $2.7 billion
- Source Of Funds - Real Estate
- Business Name - Damac Properties
Damac Properties
Damac Properties is a luxury real estate developer that was founded 20 years ago in Dubai. The brand has been focused on high-end housing and projects such as the Trump golf courses which were constructed in 2013.
10. Saif Al Ghurair
Saif Al Ghurair is one of the UAE’s largest personalities involved in the real estate space. He has been involved in manufacturing and real estate for more than two decades through which he has become one of Dubai’s richest people.
- Net Worth - $1.7 billion
- Source Of Funds - Real Estate
- Business Name - Al Ghurair Group
Al Ghurair Group
Al Ghurair Group is primarily involved in investments, manufacturing, and real estate. The business is present in various continents and also owns a major stake in the well-known Mashreq Bank.
11. Mohammed Khalaf Al Habtoor
Mohammed Khalaf Al Habtoor is the son of Khalab Al Habtoor and went on to inherit the business giant, the Al Habtoor Group. Through this, Mohammed has been able to develop his own firm and create an immense amount of wealth in various fields.
- Net Worth - $1 billion
- Source Of Funds - Multiple Industries
- Business Name - Dubai Polo Gold Cup
Dubai Polo Gold Cup
While most of his wealth comes from the Al Habtoor Group, Mohammed himself founded the Dubai Polo Gold Cup which is one of the world’s most renowned horse racing events.
Apart from this, the Al Habtoor Group is involved in fields such as real estate, investments, automobiles, etc.
12. Shamsheer Vayalil
Shamsheer Vyalil is the founder of VPS Healthcare through which he has developed an immense personal value of over $1 billion. With initial backing from M.A. Yusuff Ali, hid father-in-law,
He was able to shift from a radiologist to the owner of a major healthcare firm.
- Net Worth - $1.3 billion
- Source Of Funds - Healthcare
- Business Name - VPS Healthcare
VPS Healthcare
VPS Healthcare owns a large network of hospitals, clinics, and medical institutions in India, Dubai, and other locations. The company started off with its first hospital in 2007 and now have more than 20 with 13,000+ employees.
13. Saket Burman
While his primary business may be Dabur, Saket Burman is invested and involved in IT, investments, property, and more. He belongs to the business family, the Burman clan, and has since made the most of his heritage by amassing a wealth of $1.6 billion.
- Net Worth - $1.6 billion
- Source Of Funds - Consumer Goods
- Business Name - Dabur
Dabur
Currently the fourth largest consumer goods company in India, Dabur is headquartered in India and is known globally. The company made more than $1 billion dollars in revenue last year and it has been in the Burman family for 5 generations.
14. Philip Day
Philip Day is one of Britain’s most well known fashion businessmen and currently owns the Edinburgh Woollen Mill, among other companies.
He initially began working for the clothing manufacturer and within a year of joining, purchased the company entirely. With hard work, he managed to uplift it into a successful and striving firm.
- Net Worth - $1.2 billion
- Source Of Funds - Clothing Retail
- Business Name - Edinburgh Woollen Mill
Edinburgh Woollen Mill
Edinburgh Woollen Mill is a British clothing retailer and manufacturer that is a well known name for tourism. The company acquired the retailer Peacocks in 2012 and since then, has expanded immensely to currently be a global name. He is also come under richest people of dubai
15. Divyank Turakhia
Divyank Turakhia is an Indian billionaire who currently owns various technology companies. With his brother Bhavin, he managed to build multiple tech companies and sell them for massive profits.
- Net Worth - $1.54 billion (with brother)
- Source Of Funds - Technology
- Business Name - Media.net
Media.net
Media.net is an ad tech firm that was sold to a group of Chinese investors in 2016. The sale amount was $900 million which skyrocketed Divyank’s net worth.
Conclusion
Being such a hub for tourism, real estate, investments, and more, Dubai is bound to be the city where whealthy people are. With more and more business booming in the city, there’s no wonder it is known as the business capital of the world.
So, it is safe to say that Dubai truly is the place to be if you are looking to make it big or enjoy yourself.
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Frequently Asked Questions (FAQs)
1. Who is the richest in Dubai?
The current richest person in Dubai is Khalifa bin Zayed Al-Nahyan who has reported assets of nearly $850 billion. That being said, he is a monarch and due to this, much of this cannot be considered towards personal net worth.
2. Who are the billionaires in Dubai?
While the exact number various constantly, estimates put the number of billionaires in Dubai to be near 50.
3. Who is the richest sheikh?
The richest sheikh at this time is supposedly Sheikh Mansour bin Zayed Al Nahyan with a net worth of $30 billion.
4. Who is Rashid Belhasa?
Rashed Belhasa, a.k.a MoneyKicks is a youtuber and the son of Saif Ahmed Belhasa, one of the most successful businessmen in Dubai with a net worth of $2 billion.