Richest People in United Arab Emirates
United Arab Emirates is one of the richest countries of the world. Seeing the development in Dubai,everyone actually keeps wondering how rich the people in UAE are. There extravagant lifestyle keeps us guessing the wealth each person owns.
UAE has the seventh largest oil reserve in the whole world. The first president of UAE saw the potential of the oil reserves and used the revenue to develop healthcare and education. Tourism has acted as a major source of income for UAE. Here is the list of the richest people in UAE and their source of income.
1. Abdulla Bin Ahmad Al Ghurair - $6.8 Billion
Abdulla founded one of UAE’s leading banks “Mashreqbank.” He is the head of Al Ghurair Group. Al Ghurair Group oversees various divisions like including food, construction, and real estate.
2. Majid Al Futtaim - $6.2 Billion
Majid Al Futtaim is the brother of billionaire Abdulla Al Futtaim. He owns Majid Al Futtaim Group.
3. Micky Jagtiani - $3.4 Billion
Micky Jagtiani is an Indian billionare. He owns a Dubai based business firm, Landmak International. He strated with a single store in Bahrain and since then there was no looking back.
4. Saif Al Ghurair - $2.5 Billion
Saif Al Ghurair is the CEO of one of leading firms of real estate, Al-Ghurair Group in Dubai. The Al-Ghurair Goup also a leading company in the manufacturing division.
5. Abdulla Al Futtaim - $2.5 Billion
Abdulla Al Futtiam owns the Al Futtaim Group. Al Futtaim Group is the only distributors of Toyota and Hyundai in UAE. His group also owns franchises for Ikea, Toys ‘R’ Us, and Marks & Spencer.
6. M.A Yusuf Ali - $2.5 Billion
7. Ravi Pillai - $2.4 Billion
8. Sunny Varkey - $1.8 Billion
9. BR Shetty - $1.7 Billion
10. Azad Moopen - $1.1 Billion
Looks like UAE welcomes foreign investors with a warm welcome. Names like Ravi Pillai, Sunny Varkey don’t let us deny the fact UAE offers a profitable business.
