Richest People in Dubai Top 10 Richest Man in UAE 2023
Garrett Parker | Updated on November 10, 2023 With a population of less than 4 million, Dubai is not the biggest city in the world, but it is certainly a significant city, and the wealth within this city makes it a beacon for business-minded people.
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India's second-richest man is building upon his Dubai property empire with another beach-side villa purchase, smashing his prior record for the city's most expensive residential real estate.
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10. Saif Al Ghurair Net Worth - $1.7 Billion Saif Ahmad Al Ghurair was an Emirati billionaire businessman and the founder of Mashreq Bank, one of the country's most successful companies. Mashreq Bank was founded in 1961 and has a loyal customer base of more than 500,000.
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Ravi Pillai, with a net worth of $2.9 billion, who is ranked 595 globally, up from 782 last year, is the seventh richest man in the UAE. Saif Al Ghurair, ranked 810 globally, is the eighth.
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Pratyusha Srivastava Aug 16, 2021 — 13 min read Dubai, the city with the most innovative and luxurious development. The city may seem very small, but there lie more than 3,302,000 residents. Dubai is known as the second most expensive city in the Middle East and 20th in the world.
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The Indian-origin billionaire Micky Jagtiani has made his fortune through retail business and he stands at third position among the richest men in Dubai for 2023 with an estimated net worth of $5 billion. 4. Hussain Sajwani - $4.2 billion
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Around 52,000 millionaires are living in Dubai. But as reported by Forbes, there are only four billionaires in the United Arab Emirates. Among other countries in the UAE, Majid Al Futtaim is the no. 4 billionaire. And he was the wealthiest guy in Dubai at the time of his death. Source: YouTube.
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Globally, Jeff Bezos is the world's richest person for the fourth consecutive year with a net worth of $177 billion, while Elon Musk bags the number two spot with $151 billion. This year there are 22 Arab billionaires worldwide compared to 21 in 2020.
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Revealed: 10 richest people in UAE in 2020 According to Hurun Global report, the UAE is ranked 20th worldwide for having the highest number of billionaires. Published: Thu 27 Feb 2020, 5:20 PM.
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6. Micky Jagtiani - $2.8 billion. Unlike many of Dubai's wealthiest citizens, Micky Jagtiani has an intriguing rags to riches story. He started his path to riches by driving a cab in London, after which he moved to Bahrain and started a baby products shop in the early 70s.
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According to the forbes Pavel Durov has net worth of 11.5 billions in 2023 that makes him the richest man in Dubai. 2. M.A. Yussuf Ali Net Worth: $6.9 billions In recent years, Indian-based businessman has improved the rankings tremendously. Yussuf Ali created LuLu Group International to manage a chain of retail online businesses all over the UAE.
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Meet The UAE's 11 Billionaires Forbes Middle East
Forbes' World's Billionaires 2021 ranking features 25 billionaires from across the globe that reside in the Middle East. Of these, 11 are living in the UAE, making it the Middle Eastern country with the highest number of billionaires.
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#43 Powerful People (2018) Personal Stats Age 76 Residence Abu Dhabi, United Arab Emirates Citizenship United Arab Emirates Did you know The tallest building in the world, Dubai's 163-floored.
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5. Mohammed Alabbar. Mohammed Alabbar is the founder of Emaar Properties. He is also known as the richest man in Dubai, with an estimated net worth of $7 billion. In his early years, he worked as a teacher and then became an entrepreneur by starting a petrol station called Motor Oil Company in Egypt.
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Pavel Durov, the founder of Telegram messenger, has retained his position as the richest businessman living in the UAE with a net worth of $11.5 billion. He has grabbed the 148th position..
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The royal family of Dubai is also well known for their love of exclusive supercars. His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, one of the world's richest billionaires with a net worth of $13.9B was the first person to receive a custom made Mercedes Benz G55 AMG. Luxury car Bugatti is among the super swanky rides.