These are the richest in The UAE and in the world

The UAE is ranked 20th in the world for having the highest number of billionaires. Dubai has 18 of them.

According to the latest Hurun Global Rich List, the UAE has the highest number of billionaires in North Africa region and Middle East. The UAE is home to 24 who control $69.2 billion (Dh254 billion) wealth.

Among the richest people of the UAE, seven are UAE nationals with a wealth of $27.1 billion. The remaining 17 are expats from other nationalities controlling $42.1 billion assets. The wealth of UAE’s 11 billionaires dropped while the wealth of eight grew last year. Here is a list of UAE billionaires.

The richest people in the UAE

NameFortune (USD billion)Change (%)
Majid Al Futtaim8.9-26
Khalaf Al Habtoor & family7.211
MA Yusuffali5.2-9
Christopher Chandler59
Vinod Shantilal Adani4.354
Micky Jagtiani4.2-5
Sunny Varkey315
Divyank Turakhia1.912
Philip Day1.9-17
Shamsheer Vayalil1.90
Feroz Allana1.721
Saket Burman1.76
BR Shetty1.6-43
Sunil Vaswani1.5-12
Thaksin Shinawatra & family1.5-12
Abdullah Al Ghurair and family1.20
Abdulla Al Futtaim1.2Revalued
Raghuvinder Kataria1.20
Hussain Sajwani1-41

The 37-year-old Divyank Turakhia of media.net, who owns $1.9 billion, and 40-year-old Khaleefa Butti bin Omair Al Muhairi of NMC Health, with $1.2 billion fortune, are the youngest billionaires of the UAE. The owner of Mashreq Bank, Saif Al Ghurair and family, are the oldest billionaires in the UAE, owning $1.2 billion worth of assets. Al Ghurair passed away last year at the age of 95.

Dubai has 18 billionaires. Among global cities, Dubai was ranked 25th which has the highest number of individuals with ultra-high net worth. Saudi Arabia is the 30th city in the world with 10 billionaires in 2019.

Globally, there are 2,470 billionaires from 67 countries. Amazon chief Jeff Bezos is the world’s richest person with $140 billion fortune. The names of other top 10 richest people in the world can be seen below.

The world’s richest people

RankNameFortune (USD billion)Change YOYCompany nameCountry of residence
1Jeff Bezos140-5%AmazonUSA
2Bernard Arnault10724%LVMHFrance
3Bill Gates10610%MicrosoftUSA
4Warren Buffett10216%Berkshire HathawayUSA
5Mark Zuckerberg845%FacebookUSA
6Armancio Ortega8145%ZaraSpain
7Carlos Slim Helu & family729%America MovilMexico
8Sergey Brin6826%GoogleUSA
9Larry Page6726%GoogleUSA
9Mukesh Ambani6724%RelianceIndia
9Steve Ballmer6763%MicrosoftUSA

The world now has only around 6,000 dollar billionaires. According to Rupert Hoogewerf, an appreciating dollar and poor performances of stock market were the main reasons for the record drop in billionaires. This year, the USA added only 13 billionaires.

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