Al Ghurair was born in 1924 and is the eldest of the five sons of Ahmed Al Ghurair. The study firmly places Dubai in the top 50 ranking of the world’s wealthiest cities, claiming the 21st spot. Among all the rich men in Dubai, Sunny Varkey ranks seventh and is the wealthiest individual with a net worth of $2.5 billion. Shetty is the founder of NMC Health, BRS Ventures, Neopharma, and Fnablr, and is the sixth richest person in Dubai with a net worth of $2.6 billion in 2023. In 2018, he joined the Giving Pledge which provides commitment to donate half of his wealth to charitable causes.
Mashreq Bank was founded in 1961 and has a loyal customer base of more than 500,000. Kabir Mulchandani is the proprietor of FIVE Holdings, a Dubai-based real estate company that operates luxury party hotels and resorts in the Middle East, Spain, and Switzerland. He established the company in 2011 and intends to list it on the Dubai Stock Exchange in 2025.
From beauty empires, to luxury services, to musical endeavours and, of course, fashion partnerships, the avenues of income are endless. And the motivated bunch continue chasing their next big win, their numbers keep rising upwards. You can go just about anywhere in the city via one long main road (Sheikh Zayed Road) which is a 12-lane superhighway bordered by feeder roads. And if you’d rather not drive, there’s a fully air conditioned, fully automated, driverless metro system with cooled walkways to every major attraction. The Dubai Mall induced vertigo, especially as I rode free-floating escalators, looking at little worlds of Hermès, Dior, Chanel, and Gucci flagship stores hundreds of feet below me.
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Moreover, his ventures extend into the sports world with the purchase of Premier League’s Aston Villa Football Club. From real estate to fashion, Zeina is taking the world by storm each sector at a time. Dubbed the queen of Versace, for both her extraordinary properties in Dubai’s Palazzo Versace and her devotion to the brand itself, this Dubai Bling member’s net worth is solid. With businesses and ventures to all their names, it’s no understatement to say we are watching the inner workings of millionaires on the hit reality show.
Hussain Sajwani: Real Estate Tycoon
As a TV presenter for a multitude of platforms, she has millions of followers on Instagram waiting to see her next move. The vast majority of the local population works in the service industry, migrating from nearby countries like Pakistan in search of higher wages. And with literally hundreds of millions of foreign visitors per year, the sheer numbers of visitors swamps everything else.
- Dubai, a city known for its opulence and extravagant lifestyle, is home to some of the wealthiest individuals in the world.
- He launched DAMAC Properties in 2002, which has grown to be one of the largest property development firms in the Middle East.
- Now she’s focused on being a mother to her children, as she explores her interests in fashion, beauty and beyond.
- Moreover, his ventures extend into the sports world with the purchase of Premier League’s Aston Villa Football Club.
- GEMS, one of the largest private education providers globally, operates numerous schools in the UAE and around the world.
Abdul Aziz Al Ghurair: Banking and Industry Titan
Notably, Sajwani forged a partnership with Donald Trump in 2013 to establish two Trump-branded golf courses within Dubai developments. In April 2020, a member of Abu Dhabi’s royal family reportedly acquired a significant 20% stake in LuLu for $1 billion. Al Muhairi, who also has investments in the healthcare industry, saw his net worth slip from $1.5 billion to $1.2 billion. It attracts some of the richest individuals from around the world, who often consider it a second home. However, in this article, we will unfold the top 10 richest people in Dubai, UAE and their net worth. As the chairman of Dutch chemical producer OCI NV, Sawiris played a key role in listing the joint fertilizer venture with Abu Dhabi National Oil Co. in the emirate towards the end of 2021.
As a result, Taghleef Industries became one of the world’s largest manufacturers of polypropene films, food packaging, and lamination. Originally from Mumbai, India, Mulchandani initially worked in his family’s consumer electronics business before relocating to Dubai in the early 2000s to venture into real estate. In the Middle East, Menon’s Sobha Realty operates across the UAE, Qatar, Oman, and other Gulf countries. Menon has expressed plans for his wife to assume the role of chairman at Sobha after his passing, with his son Ravi serving as co-chair. Yusuff Ali, known as the retail magnate of the Middle East, leads LuLu Group International, which generates $8.4 billion in revenue. The conglomerate operates 256 hypermarkets and malls across the Gulf region and beyond.
Pavel Durov founded and owns the messaging app Telegram, boasting over 700 million monthly active users globally. Positioned as a free alternative to messaging platforms like WhatsApp, Telegram competes in the crowded digital communication landscape. The Henley Private Wealth Migration Report for 2023 anticipates that 4,500 millionaires will choose to relocate to the UAE during this year.
The official Dubai tourism authority has said it is trying to push for greater product diversity and affordability in the city. But developers and operators continue to push for trophy assets, which leads to rising rates. Sawiris will continue to be executive chairman of NNS Group following the re-domiciliation. Lojain has long established her career on TV in her home country, Saudi Arabia, before her Dubai Bling gig.
- Menon has expressed plans for his wife to assume the role of chairman at Sobha after his passing, with his son Ravi serving as co-chair.
- Abdulla Al Futtaim is an Emirati billionaire businessman and founder of the Al-Futtaim Group, a large conglomerate based in Dubai, UAE.
- The Henley Private Wealth Migration Report for 2023 anticipates that 4,500 millionaires will choose to relocate to the UAE during this year.
- Since its establishment, the company has delivered more than 27,000 homes.
- At the top of the list is Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and the Vice President and Prime Minister of the United Arab Emirates.
With season 2 already mounting to new heights, we take a closer look at the actual income behind the bold personalities. Saeed Bin Butti Al Qebaisi has an investment partnership with a prominent billionaire, Khalifa Bin Butti Al Muhairi. In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular richest man in dubai women in the world. Moreover, she was honoured as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013. Bloomberg reported that the Egyptian billionaire intends to re-domicile NNS Group in the Abu Dhabi Global Market, the city-state’s international financial centre, subject to regulatory approval. Nassef Sawiris, Egypt’s richest man is relocating his family office to Abu Dhabi, joining a trend among notable investors establishing their operations in the sun-splashed emirate.
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She then married a 60-year-old Saudi billionaire at 25, who then passed away in 2016. Now she’s focused on being a mother to her children, as she explores her interests in fashion, beauty and beyond. The Dubai Bling star leads a luxury flower brand that has become renowned for its unique beauty and capacity to live for years. An entrepreneur since age 14, Ebraheem Al Samadi’s first endeavour was reselling clothes from his mum’s Florida apartment and now he has an estimated net worth of over Dhs200 million. Looking forward, Yusuff Ali plans to take the retail giant public between 2023 and 2024. His diverse portfolio also includes prestigious assets such as the Waldorf Astoria in Scotland and the Great Scotland Yard Hotel, which was formerly the headquarters of the U.K.