The United Arab Emirates, a small country located at the eastern end of the Arabian Peninsula has become a heaven for the richest in the world over the years. Progressive and meticulous planning under the leadership of HE Sheikh Zayed bin Sultan Al Nahyan, the head of emirates has transformed the little piece of land into one of the most aspired destinations in the world.
With its immense wealth accumulated over generations of excellence , it is no surprise that Emirati Billionaires not only have found their names in the coveted list of ‘Richest People in the World’ by Forbes, but also maintained or improved their positions.
While the UAE is now home to countless billionaires, these stars shine the brighter as they are Emirati by birth. Who are the current Emirati Billionaires on the Forbes List of 2021? Let’s find out.
Majid Al Futtaim & Family
Net Worth: 3.6 Billion , Source of Income: Retail | Real Estate
Known as the undisputed retail king of the UAE, Mr. Majid Al Futtaim is the Founder and Owner of the Majid Al Futtaim Group. Founded in 1992, the Majid Al Futtaim Group has now expanded its operations to 13 countries with more than 48,000 Employees. Mall of the Emirates, one of the biggest attractions in the Middle East is the crown jewel of Mr. Al Futtaim’s empire.
Abdulla bin Ahmad Al Ghurair & Family
Net Worth: 2.8 Billion , Source of Income: Diversified investments through Al Ghurair Group
The Founder and Chairman of Mashreqbank. Oldest privately owned bank in the United Arab Emirates, Mr. Abdulla bin Ahmad Al Ghurair developed his business empire with investments in Banking, Food & Construction Projects. His construction company, Al Ghurair Construction & Aluminium laid exterior cladding of the world´s tallest building, Burj Khalifa. ]
Net Worth: 2.4 Billion , Source of Income: Real Estate
Often referred as the Donald Trump of the UAE, Mr. Hussain Sajwani is the founder of Dubai-based luxury real estate developer DAMAC Properties. Interestingly former United States President Mr. Donald Trump associated with Mr. Sajwani to develop two Trump-branded golf courses in Dubai developments.
Apart from DAMAC Properties, Mr. Sajwani has also made a foray into private investments through DICO Group.
Abdulla Al Futtaim & Family
Net Worth: 2.2 Billion , Source of Income: Automobiles | Retail | Other Investments
Cousin of UAE Retail Tycoon Mr. Majid Al Futtaim, Mr. Abdulla Al Futtaim ventured into automobile dealership, retail collaboration with French multinational retail corporation Carrefour and other investment opportunities to build his wealth.