The New Top 10 Richest People in the United Arab Emirates.
The UAE is one of the most expensive countries, so it might come as no surprise that it’s home to some of the world’s mega-rich. Of the 2,755 wealthiest people on the Forbes 2021 list, 4 of them are Emiratis. Many of these elite figures belong to famously wealthy Emiratis families who have run multinational companies for generations.
The UAE has developed from a juxtaposition of Bedouin tribes to one of the world’s most wealthy states in only about 50 years. Economic growth has been impressive and steady throughout the history of this young confederation of emirates with brief periods of recessions only.
Since the beginning of time, this great nation has been able to catapult into being the greatest in the industries that make a country grow. Impeccable individuals from the UAE have created corporations, industries, franchises, and have undertaken humanitarian purposes to capture the minds of the world.
In today’s article, we will take a look at the top 10 richest people in the UAE that have created their wealth through creating employment and rising above the challenges to be who they are now according to Forbes
Without wasting much time let’s dive in.
|Rank||Name of Personality||Estimated Net Worth|
|#1||Abdulla Bin Ahmad Al Ghurair||$6.8 Billion|
|#2||Majid Al Futtaim||$6.2 Billion|
|#3||Micky Jagtiani||$3.4 Billion|
|#4||Saif Al Ghurair||$2.5 Billion|
|#5||Abdulla Al Futtaim||$2.5 Billion|
|#6||M.A Yusuf Ali||$2.5 Billion|
|#7||Ravi Pillai||$2.4 Billion|
|#8||Sunny Varkey||$1.8 Billion|
|#9||BR Shetty||$1.7 Billion|
|#10||Azad Moopen||$1.1 Billion|
Below is a short bio on the first two richest people in the UAE.
Abdulla Bin Ahmad Al Ghurair
An Emirati billionaire Abdulla founded the bank Mashreq, one of the leading banks in the UAE. Throughout the years, he and his family especially his son Aziz has been able to expand the business into real estate, food and construction business. He is the chairman of the bank and his son serves as the CEO.
Majid Al Futtaim
Al Futtaim is the second richest person in the UAE. The owner of Al Holidng that operates in retailing,leisure, shopping malls in North Africa and in the Middle East. His group provides social amenities like, cinemas, leisure, fashion, healthcare products, foods, and beverages.
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