He moved to Dubai in 1959, but for some reason, he returned to Kerala in the 4th grade and sold fruit from the side of the road to make some extra money. After this he pursued A-levels at Bembridge school in U.K.after this he came to Dubai and established an education system GEMS. Today he is counted as the richest person in the U.A.E.and their net worth is $3 billion. Abdulla AI Ghurair is the founder of Mashreqbank, A leading U.A.E. bank in 1967.

In 2008, the emirate unveiled the world’s tallest building, the Burj Khalifa; Dubai Mall, then world’s largest shopping centre by total land area; and the Dubai Metro. He has investments in real estate projects, car distribution, leisure, and entertainment. Since its establishment, MAF has grown to be one of the largest firms in the United Arab Emirates. Ravi Pillai has grown his enterprises in other countries such as Bahrain and Qatar. He has also gained interest in other segments such as cement, hospitality, steel, construction, and oil and gas.

1. Dubai is the largest city in the UAE, having the highest population.
2. He achieved billionaire status by selling an advertising tech firm, Media.net to Miteno Communications Technology for $900 million in 2016.
3. The Dubai Mall alone is a testament to the city’s never-ending love for couture.
4. The fortune of UAE’s 11 billionaires shrank while eight saw their wealth growing last year, reflecting impact of the slower overall economic growth witnessed last year.
5. Following the list is Hussain Sajwani who is popularly known in the Real Estate world in the UAE.

He later obtained a government scholarship and attended a medical college in Baghdad. Sajwani started his career in the finance department of Abu Dhabi Gas Industries in 1981. The United Arab Emirates (UAE) is a wealthy country situated on the Arabian Peninsula, with its major cities, Sharjah and Abu Dhabi, ranking number 11 and 10 respectively, for the highest GDP capita https://1investing.in/ worldwide. Although Dubai is a small town, it is the 20th most expensive town in the world and the second most expensive city in the region behind London. Dubai is one of the most prosperous and technologically advanced cities around the globe. Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world.

His most valuable asset is a nearly 6% stake in sportswear maker adidas. He also runs OCI, one of the world’s largest nitrogen fertilizer producers, with plants in Texas and Iowa. Pillai’s dubai richest man wealth can be traced to his decision to abandon his native India for the United Arab Emirates after his Kerala-based construction business was forced to close down after labor strikes.

He acts as the chairman meanwhile his son, Abdul Aziz holds the position of CEO. Soon after the NSH launch, the company formed a billion dollar empire foundation, RP Group. According to the list of 2019, Ravi Pillai was ranked as the 529 richest people around the world and 3rd in Dubai. Later, he sold it to a Chinese consortium in 2016 with a worth of $900 million. Mukesh Wadhumal Jagtiani aka Micky Jagtiani is one of the top billionaire businessmen in Dubai.

M.A. Yusuff Ali

“In many cases, it appears the amount of wealth accumulated by heads of state in the region is not trivial …” Ianchovichina said. Many investors get their names plastered on the front of buildings and properties, but not nearly as many have a town named after them. Al Habtoor does, and he was born into one of the largest business families in Dubai. Unlike many of Dubai’s wealthiest citizens, Micky Jagtiani has an intriguing rags to riches story. He started his path to riches by driving a cab in London, after which he moved to Bahrain and started a baby products shop in the early 70s.

How To Get An Instant Trade License In Dubai

It includes some incredibly popular brands like London Dairy, Al Baker, Tiffany, Noor, Khaleej, Igloo, Rahma and many others. Feroz Allana, the co-founder of the Allan Group which is well known for its production of the fastest moving consumer goods (FMCG). The headquarters of Allana Group is established in Sharjah, a neighbourhood of Dubai. By the records, he pledged to The Giving Pledge that he would donate half of his money to philanthropic issues throughout his life. He is also the trustee and founder of the very prominent Varkey Foundation.

Chairman – VPS Healthcare Group

Creating a list that accurately reflects the richest people in Dubai required consistent and careful methodology to ensure that the most current and reliable information was used in all steps of the process. Determining a net worth is not an exact science because not all financial information is publicly available. However, by using a few key methods and resources, a net worth estimate can be created that creates a research-based estimate. With a population of less than 4 million, Dubai is not the biggest city in the world, but it is certainly a significant city, and the wealth within this city makes it a beacon for business-minded people.

Ravi Pillai

In the United Arab Emirates, where oil money flows freely, it’s no secret that the Al Nahyans are rich. But investments in everything from Rihanna’s lingerie line and big data to fast food and Elon Musk’s SpaceX have propelled the wealth of the family to new heights. The world’s richest family oversees a $300 billion fortune — even more than the Waltons of Walmart. And as the Al Nahyans’ wealth grows, so does their influence in the region and around the world.

For a country whose economy is going on smoothly and attracting expats daily, of course not only the government’s pocket is enriched, it becomes easy for individuals to also rise to become possessors of riches and wealth. From recent rankings, the UAE has a total of 24 known billionaires, I am using the word “known” simply because statistical data cannot possibly cover everything. It is nearly impossible to get the precise figures, but we just have to go with the glaring and published figures. The country currently has the highest number of billionaires in the middle east as well as the North African region.

In addition to his business activities, Ali is a noted philanthropist, having invested heavily in India and contributed $2.6 million to recovery efforts when his home state of Kerala was hit by floods in 2018. Although focused in the UAE, Sajwani has worked with global partners, and in 2013, he worked with Donald Trump on two golf-course development projects in Dubai. Thus, Sajwani knows how to reach out to others in the industry and form relationships with people all around the world. While some billionaires live very secretive lives, Al Habtoor has shared a lot about himself. He wrote an autobiography that shows how he started as a man of modest means and became a business powerhouse. Not only do we make sure we are using the best information, but we also strive to update our content based on new findings and changing circumstances.

In twelve years, VPS Healthcare opened 20 hospitals and 23 medical centers in three countries. Today, he is the Founder and Chairman of Burjeel Holdings and VPS Healthcare. And run other businesses like Extensive portfolio including Burjeel Holdings, RPM, Lifepharma, Lakeshore Hospital, Ziva, Keita, and many education institutes. His total net worth is US$2.4 billion and counted as the richest man in the U.A.E.

In June 2021, Hussain Sajwani resigned as the Chairman of DAMAC Properties and agreed to privatize the company. He is the founder, managing director, and chairman of Joyalukkas Jewellery, since 1987. Joyalukkas Jewellery is widely famous with more than 160 luxurious jewellery showrooms across 11 countries. Yusuff Ali Musaliam Veettil Abdul Kader (M.A Yusuff Ali) is a very popular Indian billionaire and businessman.