fe These are the richest in The UAE and in the world

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

Name Fortune (USD billion) Change (%)
Majid Al Futtaim 8.9 -26
Khalaf Al Habtoor & family 7.2 11
MA Yusuffali 5.2 -9
Christopher Chandler 5 9
Vinod Shantilal Adani 4.3 54
Micky Jagtiani 4.2 -5
Sunny Varkey 3 15
Divyank Turakhia 1.9 12
Philip Day 1.9 -17
Shamsheer Vayalil 1.9 0
Feroz Allana 1.7 21
Saket Burman 1.7 6
BR Shetty 1.6 -43
Sunil Vaswani 1.5 -12
Thaksin Shinawatra & family 1.5 -12
Abdullah Al Ghurair and family 1.2 0
Abdulla Al Futtaim 1.2 Revalued
Raghuvinder Kataria 1.2 0
Hussain Sajwani 1 -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

Rank Name Fortune (USD billion) Change YOY Company name Country of residence
1 Jeff Bezos 140 -5% Amazon USA
2 Bernard Arnault 107 24% LVMH France
3 Bill Gates 106 10% Microsoft USA
4 Warren Buffett 102 16% Berkshire Hathaway USA
5 Mark Zuckerberg 84 5% Facebook USA
6 Armancio Ortega 81 45% Zara Spain
7 Carlos Slim Helu & family 72 9% America Movil Mexico
8 Sergey Brin 68 26% Google USA
9 Larry Page 67 26% Google USA
9 Mukesh Ambani 67 24% Reliance India
9 Steve Ballmer 67 63% Microsoft USA

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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