Top 10 Richest People of UAE 2017
1. Abdullah Al Ghurair
Abdulla Al Ghurair is the Emirati
billionaire and the scions of a prominent UAE business family. In 1967
Abdulla founded Mashreq bank which is now becomes the one of the
country’s leading bank. He serves as the chairman and his son Abdul Aziz
is CEO of the bank. The family holding company is managed by the
outsider with the help of Abdulla’s sons who look after the various
divisions including the real estate, food and construction business.
Abdul Aziz is also the head of the family business of the Gulf Network
Cooperation Council, which aim is to modernize and diversified the
family businesses, and ensuring that business remain in family hands.
Abdullah Al Ghurair estimated net worth is US $ 6.4 billion and he is
ranked first in the list of top 10 richest people of United Arab
Emirates.
2. Majid Al Futtaim
Majid Al Futtaim is the Emirati
billionaire and the owner of the Al Futtaim holding that owned and
operated in the retail, leisure, shopping malls in the North Africa and
in the Middle East. Al Futtaim holdings are diversified in the three
subsidiaries of retail, properties and Al Futtaim ventures. His venture
group provides the amenities such as the financial services, cinemas,
entertainment, leisure, fashion and healthcare products and also deals
in food and beverages. Majid Al Futtaim estimated net worth is US $ 6.2
billion and he is ranked second in the list of top 10 richest people of
UAE.
3. Micky Jagtiani
Micky Jagtiani is the Indian
entrepreneur and based in UAE and the owner of the Landmark Dubai based
retail store group. His family business is diversified into hotels,
foods, leisure and in electronics and his company is also operated in
logistics and distribution and has more than 45,000 employees and 1000
stores in all across Middle East, Gulf and India. He also holds the
stakes in the high street retailer firm of UK Debenhams and he plans to
expend his business from the Gulf countries to China. Micky Jagtiani
estimated net worth is US $ 5.2 billion and he is ranked third in the
list of top 10 richest people of UAE.
4. Saif Al Ghurair
Saif Al Ghurair is the Emirati
billionaire and the CEO of the Dubai based Al-Ghurair group which is the
largest manufacturing and real estate firm of UAE. He is the former
chairman of family holding company Al Ghurair Group with his brother
Abdulla who is also a billionaire and both are scions of an old Dubai
merchant family. Saif’s sons are also holds positions within the group
that has interests in banking, plastics for food packaging and in
steel. He is also a major shareholder in Mashreq bank which is the
leading bank of UAE. Saif Al Ghurair estimated net worth is US $ 3.4
billion and he is ranked at No. 4 in the list of top 10 richest people
of UAE.
5. Abdullah Al Futtaim
Abdulla Al Futtaim is the Emirati
billionaire and the owner of the conglomerate Al Futtaim holdings with
his brother Majid Al Futtaim who is also a billionaire. His company is
the exclusive distributor of Honda and Toyota vehicles in the United
Arab Emirates and has retail stores of Toyotas in Egypt. The adding up
his automotive business, Al Futtaim also owns the franchises of Ikea,
Toys and Marks & Spencer which fasten its real estate projects like
the urban community of Dubai Festival City, and the newly opened Cairo
Festival City. Abdullah Al Futtaim estimated net worth is US $ 3.2
billion and he is ranked at No. 5 in the list of top 10 richest people
of UAE.
6. MA Yousuf Ali
Yousuf Ali is the Indian born Emirati
businessman and the managing director of the EMKE LuLu Group of
companies; that headquarter based in Abu Dhabi. His business group also
owns the LuLu Hypermarket in the Gulf countries. He also acquires the
iconic Scotland Yard apartments in the London and plans to build a
luxury hotel. He also expands his retailing empire to 119 hypermarkets,
grocery outlets, supermarkets and dozens of stores and malls in the
South Asia, Africa and in India. Yousuf Ali estimated net worth is US $
2.5 billion and he is ranked at No. 6 in the list of top 10 richest
people of UAE.
7. Ravi Pillai
Ravi Pillai is also the Indian born
Emirati entrepreneur and business magnate. He is the head of the RP
Group of companies that drives his fortune from the constructions firm
Al-Hajri corp. that he established with his Bahrain partner. He also
plans to expend his business into real estate and building the 110-story
building in Dubai and has made investments in malls, hotels, school and
in banks. Ravi Pillai estimated net worth is US $ 2.4 billion and he is
ranked at No. 7 in the list of top 10 richest people of UAE.
8. Sunny Varkey
Sunny Varkey is the Emirati Dubai based
educational entrepreneur and humanitarian. He is the creator and the
chairman of the GEMS Education system which is the largest operator of
the private school from Kindergarten to grade-12 and has the network of
130 schools in Middle East countries. He is also the chairman of the
Varkey Group and the trustee of the philanthropic foundation. He is also
the Goodwill ambassador of UNESCO. Sunny Varkey estimated net worth is
US $ 2 billion and he is ranked at No. 8 in the list of top 10 richest
people of UAE.
9. BR Shetty
BR Shetty is the managing director and
CEO of the Abu Dhabi based UAE Exchange and the new medical group of
companies. The business group was established in 1975 and initially just
deals in hospitality but later the company’s diversified its business
in the sectors including the global financial services, retail,
pharmaceutical, information technology and in advertising. His other
firms UAE Exchange also becomes functional in India and provides banking
services and also acquire the Travelex Holdings in last year. BR Shetty
estimated net worth is US $ 1.7 billion and he is ranked at No. 9 in
the list of top 10 richest people of UAE.
10. Azad Moopen
Azad Moopen is the Dubai-based Indian
physician, philanthropist and the founder of the Medicity Healthcare
facility if Asian pacific. He is the chairman and the MD of the Aster
Healthcare conglomerate which was established in 1987. He also provided
the healthcare facilities in Indian and has MIMS hospitals with 3,000
employees. Azad Moopen estimated net worth is US $ 1.1 billion and he is
ranked at No. 10 in the list of top 10 richest people of UAE.
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