Introduction
Dubai, known for its opulence and luxury, is home to some of the wealthiest individuals in the world. The city’s strategic location, thriving business environment, and favorable tax policies have attracted numerous entrepreneurs and investors. Here, we take a look at the top 10 richest people in Dubai and the sources of their wealth.
1. Majid Al Futtaim
Majid Al Futtaim is a prominent businessman and the founder of Majid Al Futtaim Group, a conglomerate operating in real estate, retail, and leisure sectors. His net worth is estimated to be several billion dollars, making him one of the richest individuals in Dubai.
2. Abdulla Al Ghurair
Abdulla Al Ghurair, the founder of Mashreq Bank, is another billionaire who has significantly contributed to Dubai’s economy. His wealth stems from banking, food, and construction industries.
3. Hussain Sajwani
Hussain Sajwani is the founder and chairman of DAMAC Properties, a leading real estate developer in Dubai. His ventures into luxury property development have earned him a substantial fortune.
4. Ravi Pillai
Ravi Pillai, originally from India, is the founder of RP Group. His wealth comes from construction, oil, and gas sectors, solidifying his position as one of Dubai’s wealthiest individuals.
5. Saif Al Ghurair
Saif Al Ghurair was the chairman of Al Ghurair Group, a multi-faceted business with interests in construction, food packaging, and real estate. His legacy lives on through his family’s continued success.
6. Yusuff Ali
Yusuff Ali is the Chairman of Lulu Group International, a retail giant with a widespread presence in the Middle East and India. His business acumen has made him one of Dubai’s richest.
7. Sunny Varkey
Sunny Varkey is the founder of GEMS Education, the largest operator of private kindergarten-to-grade-12 schools in the world. His investment in education has led to substantial financial gains.
8. Micky Jagtiani
Micky Jagtiani is the owner of Landmark Group, a multinational conglomerate involved in retail, hospitality, and healthcare. His strategic business expansions have garnered him a vast fortune.
9. Khalaf Al Habtoor
Khalaf Al Habtoor is the founder of Al Habtoor Group, a conglomerate with interests in hospitality, automotive, real estate, and education. His diversified investments have made him one of Dubai’s top tycoons.
10. Feroz Allana
Feroz Allana co-founded IFFCO Group, a multinational food products company. His significant contributions to the food industry have earned him a place among Dubai’s wealthiest people.
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