Top 10 Richest People Living in Dubai Right Now : Dubai is one of the most progressive and fastest growing city in the world. This city has been gaining huge attention in the world for its high per capita income, great tourist destination and an open economy. Dubai is a wide-open market for anybody and attracts lots of entrepreneurs and businesses from all across the world and be a part of the world of business over there. That is the reason this city constantly producing millionaires and billionaires every year. Here are the 10 richest people living in Dubai.
Top 10 Richest People Living in Dubai Right Now
10. Saif Al Ghurair
Saif Ahmad Al Ghurair is Chief Executive Officer and Director of Al Ghurair Group, which run operations in real estate and manufacturing sectors in UAE. Group also deals in several manufacturing businesses such as steel, aluminum and has subsidiaries in petrochemicals sectors include Adeka Al Ghurair Additives and Taghleef Industries. He is also the one of the leading shareholder in leading Emirati bank Mashreq.Saif Al Ghurair’s net worth is $2.1 billion, which makes him one of the ‘richest people living in Dubai’.
9. Sunny Varkey
Sunny Varkey is a Dubai-based indian education entrepreneur who controls GEMS Education, which is the largest operator of private k-12 schools in the world with a network of over 130 schools in more than 10 countries. In 1959, Sunny Varkey migrated to Dubai with his parents who were Kerala Christians, educators in Kerala. They then started teaching English to locals in Dubai. Than in 1977 he took the charge of his parents school and expanded the school, and added new schools as well. Later in 2000 Varkey founded Global Education Management Systems (GEMS), an advisory and educational management firm which is now the most successful educational group in the region. His net worth is $2.5 billion and is one amongst the richest people living in Dubai.
8. B.R. Shetty
B.R. Shetty is keralite entrepreneur who immigrated to UAE from India in 1972. He is the founder of NMC Health, which is one of the largest hospital chains in the UAE. He is also the Founder, CEO and MD of generics firm ‘Neopharma’. His BRS Ventures also acquired a hospital in Cairo, owned one hospital in Alexandria, two hospitals in Nepal and building a 400-bed super-specialty hospital Karnataka, india. Shetty was once a pharma salesman in india, but now he has emerged to be one of the richest people living in Dubai with a net worth of $3.2 billion.
7. Hussain Sajwani
Hussain Sajwani also known as “Donald of Dubai”, is a Dubai based billionaire and founder and Chairman of Damac Properties, a residential real estate developing company. In 2002, he established DAMAC Properties, which has grown to become one of the largest real estate company in the Middle East. Sajwani was one of the pioneers of the property market expansion in Dubai and today he is one of the most significant people in Dubai managing more than 200 projects. He is also the business partner of Donald Trump in Dubai, since 2013 and has developed two Trump International golf clubs in Dubai. His net worth is $3.4 billion.
6. Ravi Pillai
Ravi Pillai is yet another indian in the list of top 10 Richest People Living in Dubai Right Now. He is the founder of RP Group, which employs over 70,000 employees across its businesses. Ravi Pillai also has interests in several other industries such as construction,steel, cement, hospitality, and oil and gas sector.
He also own shopping mall in South Kerala and RP Mall at Kollam city. Ravi expanded his business to other countries including United Arab Emirates, Qatar, Bahrain and employees one of the largest numbers of Indian in the Middle East. He is one of the richest people in Dubai and has a estimated net worth of about $3.6 billion.
5. Abdulla Al Futtaim
Abdulla Al Futtaim is a Businessman and investor who owns and operate Al Futtaim Group, which is a large conglomerate and sole distributor of Honda and Toyota vehicles in the UAE. Abdulla Al Futtaim owns company also deals in several different industries such as insurance, retail, electronics, engineering, services, real estate and property development. All of these divisions have been very successful in UAE and surrounding regions. His Group employs over 44,000 people. He has a net worth of $4.1 billion and is one of the richest people living in Dubai.
4. Micky Jagtiani
Micky Jagtiani, used to be a taxi driver in London, is a dubai based Indian entrepreneur who owns Dubai-based retail stores group called ‘Landmark group’. His company Landmark group has an estimated annual revenue worth $6 billion. Landmark has more than 1,000 stores in Africa, India, and the Middle East. Over the years he expand his company into fashion, electronics, furniture and budget hotels in Middle East and Southeast Asia. As of April 2017, Micky Jagtiani has a net worth of $4.5 billion. He is the fourth richest people in Dubai and one of the richest Indians in the world.
3. Yusuff Ali M.A.
Yusuff Ali M.A. is an Indian born Dubai based businessman who moved to the Emirates in 1973. He is the Managing Director LuLu Group International that owns the Lulu Hypermarket chain in Middle East. LuLu Group International has an annual turnover of US $7.4 billion globally,and employs the largest number of Indians outside India. Yusuff Ali M.A is also known as a retail king of the Middle East. He has 133 stores in Indonesia, Egypt, India, Malaysia, and the Gulf. With a personal wealth of $5.2 billion, Yusuff Ali is currently stand third in our list of top 10 Richest People Living in Dubai Right Now. Yousuf Ali is very closely involved in many social activities. His company has joined hands with Dubai Cares and adopted schools in Gaza and Nepal.
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2. Abdulla Al Ghurair
Abdulla Al Ghurair is founder and chairman of Mashreq bank which is one of the leading banks in the UAE. He was born on 2nd November 1954 in the UAE. The Al Ghurair family fortune is controlled by a holding company called The Al Ghurair Group. This group deals in food, retail and construction industries. Abdulla Al Ghurair is a president and chairman of Mashreq Bank since its inception. He is one of the most prominent businessmen and industrialists of the UAE. In June 2015, Abdullah Al Ghurair announced that he will donate approximately one-third of his assets to an educational programs in the Emirates and other Arab nations with The goal to provide 15,000 scholarships to Emirati students. With a net worth of $7 billion, Abdulla Al Ghurair is the second richest people in Dubai.
1. Majid Al Futtaim
Richest Person in the list of the richest people living in Dubai is Majid Al Futtaim. With an estimated net worth of 10.6 billion, He is the richest person and entrepreneur in Dubai. He founded the Majid Al Futtaim Group in 1992, after splitting the Al Futtaim empire with his brother. His holding company operates shopping malls, retail, and supermarket establishments in the Middle East and North Africa, with operations in 15 international markets and employs over 33,000 people. Majid Al Futtaim’s company also operates Mall of the Emirates which is one amongst the top five shopping malls in Dubai. Majid Al Futtaim is richest man in dubai and second richest person in the Middle East.