Being a business owner is no joke. There are many factors involved when conducting business operations, so it requires effort and strategy. In addition, becoming rich and succeeding in business is even more challenging. There is a high concentration of wealthy people in UAE, a country that attracts wealthy businessmen like moths to a flame. Global economies, politics, and philanthropy are profoundly influenced by mega-rich individuals. As per 2022 reports, UAE is among the top ten richest countries in the world, with many billionaires living and investing there. The latest Hurun Global Rich List reported that the billionaires of UAE are mostly in the North Africa region and the Middle East. It might be interesting to know that there are a total of 24 people who control $69.2 billion (Dh254 billion) of wealth in the UEA. The following paragraphs will give you more information about these rich people of UAE and the world.
Who are the Richest People in the UAE?
UAE is a second home for the world’s wealthiest and most powerful individuals. In this context, there can be no doubt. There is a reason for everything in this city based on its architecture and innovations. There are UAE nationals among the wealthiest, as well as ex-pats from other countries. While reports show that the wealth of UAE’s 11 billionaires downed last year, there were eight whose wealth grew. Here, you can find the names of the richest UAE billionaires.
The richest people in the UAE
|Name||Fortune (USD billion)|
|Majid Al Futtaim||$ 6.1 Billion|
|Abdulla Bin Ahmad Ghurair||$4.9 billion|
|Ravi Pillai||$4.2 billion|
|Yussuf Ali||$3.7 billion|
|Micky Jagtiani||$3.1 billion|
|BR Shetty||$2.6 billion|
|Sunny Varkey||$2.6 billion|
|Abdulla Futtaim||$2.5 billion|
|Hussain Sajwani||$2.1 billion|
|Saif Al Ghurair||$1.7 billion|
Amazing Facts About UAE Billionaires
Dubai ranked 25th among countries with the highest number of individuals with ultra-high net worth, with almost 18 billionaires. In addition to the names of UAE billionaires, you might also be interested in finding out who they are and how old they are. If so, continue reading.
- Majid Al Futtaim is both the richest man in Dubai and the richest man in the UAE today after beating out all of his competitors. His entertainment and retail conglomerate, Majid Al Futtaim Holdings (MAF), has generated billions of fortune since he established it in 1992. It can also be said that the Al Futtaim family is one of the richest families in Dubai.
- One of these billionaires is a 37-year-old man named Divyank Turakhia of net with $1.9 billion in wealth.
- On the other hand, Khaleefa Butti bin Omair Al Muhairi of NMC Health is the youngest billionaire in UAE who is 40 years old and has about $1.2 billion fortune.
- The oldest billionaire in the UAE is the owner of Mashreq Bank, Saif Al Ghurair, and their family, with $1.2 billion worth of assets. As you might know, Al Ghurair died last year at the age of 95.
Who are the Wealthiest People in the World?
The world’s wealthiest people have great power and belong to an exclusive club. The majority of these billionaires are founders of technology giants who have invested much of their wealth in the companies they founded. Global rates show that there are 2,668 billionaires in 67 countries. While many people know that Elon Musk, the co-founder and CEO of Tesla, is the richest person in the world, owing to a net worth of $203 billion, you might like to know who the others are. Here, you can read a list of the 10 richest people in the world.
The World’s Richest People
The last few years have been “a roller-coaster ride” for some billionaires but regardless, here are the ten richest people in the world according to Forbes’ billionaires list:
|Rank||Name||Fortune (USD billion)|
As a result of Vladimir Putin’s invasion of Ukraine, there are 34 fewer billionaires in Russia, and 87 fewer in China, following a crackdown on tech companies. Despite this, Forbes found that more than 1,000 billionaires have become wealthier in the past year. In addition, 236 newcomers have succeeded in becoming billionaires in the past year.
There are an unbelievable number of millionaires in Dubai despite it being a small city with a lower population than most western metropolitan cities. Real estate and retail are two industries where the richest people of the UAE are mostly active. Dxboffplan provides information on UAE off-plan property and places to build wealth. Plus, you can always count on our professional team to find the most suitable investment case based on your budget and preferences.
frequently asked questions
Dubai's richest child is Rashid Belhassa.
There is no doubt that Huda Kattan is the richest woman in Dubai. She works as an American makeup artist, beauty blogger, and businesswoman and is also the owner of the well-known cosmetics company Huda Beauty.
Although Dubai is one of the world's richest cities, Abu Dhabi, its capital, tops the list.