Dubai is a city known for its fancy buildings and modern advancements. Even though it seems small. But it provides residency to over 3 million people. Moreover, in the Middle East and the world, Dubai is one of the most expensive cities. In this blog, we will cover top Richest People in Dubai.
- Majid Al Futtaim
- Abdulla Bin Ahmad Al Ghurair
- Ravi Pillai
- M.A Yusuff
- Shamsheer Vayalil
- Feroz Allana
- Sunil Vaswani
- Lubna Khalid Ali Qasimi
- Micky Jagtiani
- B.R. Shetty
Here are the complete details of the richest people in Dubai!
1. Majid Al Futtaim
Majid Al Futtaim was a billionaire businessman in the UAE.
Company Name:
Majid Al Futtaim Holding Group. This group was originated in 1992. However, it soon grew into one of the largest companies in the UAE. Today, this group consists of more than 120 stores around North Africa, the Central Asia region, and the Middle East. This group works as an Emirati real estate and retail conglomerate. Moreover, its projects are present in Asia and Africa. This group invests in real estate, entertainment, and cars.
Net worth:
The net worth of Majid Al Futtaim is US$6.1 Billion
Major Properties:
This group owns some famous properties in the United Arab Emirates. This includes:
- Mall of the Emirates
- Mall of Egypt – That opened in March 2017.
Honors and Awards:
- Lifetime Achievement Award.
- Young Global Leader
- President of UAE awarded him with Order of Zayed medal
- Leader of tomorrow.
2. Abdullah Bin Ahmad Al Ghurair
Abdulla bin Ahmad Al Ghurairis an Emirati billionaire businessman. He ranked as the 2nd richest person in UAE. Moreover, he is also famous for his philanthropy. This includes helping people with different social projects in the UAE.
Company Name:
Founder and chairman of Mashreq Bank. Mashreq Bank is an Emirati bank.
Net worth:
His net worth will be around $4.9 billion in 2023.
Social Projects:
The famous social project of Abdullah is the Abdulla Al Ghurair Foundation.
Honors and Awards:
- Clinton Global Citizen
- Famous quote by Abdulla Bin Ahmad Al Ghurair.
- Goodwill ambassador of Education.
3. Ravi Pillai
Ravi Pillai is a Dubai-based Indian billionaire businessman. In 2023, he is the 3rd richest man in Dubai.
Company Name:
Moreover, he is the founder and chairman of the RP Group.
Net worth:
The net worth is estimated at US$3.1 billion as of 2023.
Honors and Awards:
- Honorary doctorate degree.
- Pravasi Bharatiya Samman.
- Padma Shiri.
4. M.A Yusuff
Yusuff Ali Musaliam Veettil Abdul Kader, famously known as M. A. Yusuff Ali. However, he is an Indian entrepreneur and billionaire.
Company Name:
He is the founder and chairman of LuLu Group International. This group owns the chains of Hypermarket and LuLu International Shopping Mall. However, they work all over the world. The annual turnover of this group is about US$8.4 billion.
Net worth:
The net worth of MA Yusuff is about US$6.9 billion.
Honors and Awards:
- Gold Medal from The Institute of Directors in the United Kingdom.
- Businessman of the Year 2009
- Swiss Ambassador Award
- Arab Business Leader of the Year 2012.
5. Shamsheer Vayalil
Shamsheer Vayalil is and Indian- based radiologist and businessman in the Emirates. Moreover, he got his MBBS degree from Kasturba Medical College. He ranked as the top businessmen in Dubai.
Company Name:
Shamsheer Vayalil is the director and chairman of the VPS Healthcare Group. Moreover, he is also the director and vice-chairman of the healthcare and education investment company, Amanat Holdings.
Net Worth:
The net worth of Shamsheer Vayali is about US $1.4 Billion.
Honor and Awards:
- Pravasi Bharatiya Samman.
6. Feroz Allana
In the Middle East, she is one of the best-known entrepreneurs of FMCG Products. However, he leads IFFCO and now has 80 factories in 37 countries. It has a global turnover of over USD 9.5 billion and a workforce of over 12,500 employees.
Company Name:
Co-founder of the Allan Group. This group is famous for its production of the rapidly moving consumer goods (FMCG). The headquarters of Allana Group is present in the neighborhood of Dubai, Sharjah. Moreover, this company offers some incredibly popular brands which are:
- London Dairy
- Al Baker
- Tiffany
- Noor
- Khaleej
- Igloo
- Rahma
Net worth
The net worth of Feroz Allana is about US$4.3 Billion.
Awards and Honors:
- ABLF Lifetime Achievement
7. Sunil Vaswani
Sunil Vaswani is an Indian-born Nigerian billionaire in Dubai. Moreover, he starts his career at the age of 21. Furthermore, his career is inherited through his father.
Company Name:
Sunil Vaswani is the chairman and Founder of Stallion Group.
Net Worth:
The net worth of Sunil Vaswani is estimated at about US$ 2 billion in 2016.
Honors and Awards:
- Outstanding Contribution to Business
8. Lubna Khalid Ali Qasimi
Lubna Khalid Ali Qasimi is an Emirati Politician and member of the ruling family of Sharjah. She is one of the most powerful women in the world. However, she was the first woman ever to serve as a minister in the United Arab Emirates.
Political Background:
Emirati Party and member of Sharjah
Net Worth
The net worth of Lubna Khalid Ali Qasimi is about US$1-5 billion.
Honors and Awards:
- ITP Best Personal Achievement Award.
- Dame Commander
9. Micky Jagtiani
Mukesh Wadhumal popularly known as “Micky” Jagtiani. He was a United Arab Emirates-based Indian billionaire businessman.
Company Name:
Micky Jagtiani was the chairman and owner of the Dubai-based Landmark Group. In which, they sell footwear, consumer electronics, beauty products, and apparel.
Net worth:
The net worth of Micky Jagtiani was about $ 3.1 billion.
Honors and Awards:
- Retail Personality of the Year.
- Forbes awarded him as the 16th richest Indian businessman.
- He was ranked 52 in the India’s richest man.
- He also won many awards from the Indian and Emirati governments.
10. B.R. Shetty
Bavaguthu Raghuram Shetty, famously known as B.R. Shetty. He is an Indian-born businessman and former billionaire in Dubai.
Company Names:
He is the founder and acquirer of several companies. The companies that are included are:
- Abu Dhabi-based NMC Health
- Neopharma
- BRS Ventures
- Finablr
Net worth:
His net worth will be about $2.6 billion in 2023.
Philanthropy of B.R Shetty
In 2018, he signed the pledge. In this pledge, the world’s richest people donate half of their wealth to charity.
Honors and Awards:
- Civilian Distinction In The Emirate.
- Distinguished Entrepreneur.
- Pravasi Bharatiya Samman.
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