Most rich people in the UAE are getting wealthier consistently, with their private riches developing by $1 billion to $5.6 billion throughout a year.
In the current year’s rankings discharged by Forbes, no less than five UAE inhabitants made it to the main five rundown and their joined fortunes expanded to $27.3 billion as of March, up from $18.4 billion out of 2016. Total riches surged further to $29.16 billion as of October 3, as per Forbes’ constant information.
Here’s a more intensive take a gander at how much the five richest people in UAE are really worth starting at 2017, and what they do. Meet these rich arab guys and know their business:
🇦🇪 Meet Arab Millionaires: This Is What Professionals Do
#1 Majid Al Futtaim
- Net worth: $10.6 billion (up from $5 billion in 2016)
- Real time net worth: $11.4 billion (as of October 3)
- Source of wealth: Real estate, retail
- Global rank: 125th richest billionaire
👉 Who is he: Meet Majid Al Futtaim rich man who owns the Dubai-based holding company that works shopping centers, and additionally retail and relaxation foundations. Some of his prevalent organizations include shopping Mall of the Emirates, which has an indoor ski slant and Carrefour hypermarkets.
#2 Abdulla Bin Ahmad Al Ghurair
- Net worth: $6.8 billion (up from $4.9 billion in 2016)
- Real time net worth: $7 billion (as of October 3)
- Source of wealth: Diversified
- Global rank: 202
👉 Who is he: The father of another Emirati extremely rich person, Abdul Aziz Al Ghurair who runs Mashreq bank, Abdulla Al Ghurair has as of late vowed to set aside 33% of his advantages for an establishment that spotlights on training programs.
#3 Abdulla Al Futtaim
- Net worth: $4.1 billion (up from $ 3.1 billion in 2016)
- Real time net worth: $4 billion (as of October 3)
- Source of wealth: Auto dealers, investments
- Global rank: 427
👉 Who is he: Abdulla Al Futtaim is the owner of Al Futtaim Group, a giant conglomerate that sells Toyota and Honda vehicles in the nation. His portfolio also contain popular franchises for universal brands like Ikea, Marks & Spencer and Toys “R” Us.
#4 Hussain Sajwani
- Net worth: $3.7 billion
- Real time net worth: $4.8 billion (as of October 3)
- Source of wealth: Real estate
- Global rank: 501
👉 Who is he: Hussain Sajwani is the organizer of residential real estate developer Damac Properties, which began in 2002. The units in his initial 38-storey flat building venture were sold in under a half year before development even began. His organization tied up with Donald Trump in 2013, preceding the last turned into the leader of the United States.
#5 Saif Al Ghurair
- Net worth: $2.1 billion (down from $2.2 billion in 2016)
- Real time net worth: $1.96 billion (as of October 3)
- Source of wealth: Diversified
- Global rank: 973
👉 Who is he: Saif Al Ghurair is the former chairman of family-possessed holding organization Al Ghurair Group. His six children now deal with the organization’s businesses in the steel, bundling and retail enterprises.
So the above recorded are the richest men in UAE who are the wealthiest individuals and have good favored in entire of the UAE. They have made the imprints in various areas in being the wealthiest people. The real quality of UAE economy is the oil business, which is fastly developing at a quick pace. It has been seen that UAE is presently picking broadening in the field like the fares, the land portion, tourism, back division, retail, and so forth.