The five richest people in the UAE are men and together they have a combined net worth of $ 21.7 billion Administrator | March 4, 2015 The five richest people in the UAE are men and together they have a combined net worth of $ 21.7 billion (Dh 79 billion), four of them are UAE nationals and the other was born in India , according to the Forbes 2015 list and publishes Gulf News. The number of richest billionaires in the world has increased to 1,826 in 2015, compared to only 140 in 1987.
Among the nearly 2,000 billionaires who came to the list, a businessman from the Emirates, Abdulla Bin Ahmad Al Ghurair (in the photo of the news), is crowned as the richest person in the United Arab Emirates, with a total net value of $ 6,400 million. The founder of Mashreq is from a prominent family in the United Arab Emirates that owns a number of companies in the food, construction and real estate industries. Al Ghurair is ranked number 220 on the world list.
Following very closely in second place is Majid Al Futtaim, which has a total net worth of $ 6.2 billion. The businessman owns several Carrefour shopping centers and hypermarkets spread throughout the Middle East, North Africa and Central Asia. Majid ranks 230 worldwide. In the third place is Micky Jagtiani, the only non-Emirati businessman in the list of the five. Jagtiani has a total net worth of $ 5.2 billion and is the owner of the Dubai-based conglomerate Landmark Group, which has commercial and hospitality companies in the Middle East, Africa and India. He is known for a number of brands that include Shoe Mart, Lifestyle, Babyshop and Splash, among many others. Jagtiani ranks 291 among the richest billionaires in the world. Saif Al Ghurair, Abdulla’s brother occupies the fourth position on the famous list and was the head of Al Ghurair Group, currently has interests in manufacturing, real estate and investments.
Saif has an important participation in the Mashreq bank. This businessman, with a total net worth of 3,400 million dollars, is number 512 on the world list. Abdulla Al Futtaim is the fifth richest person this year in the United Arab Emirates, with a total net worth of $ 3.2 billion. Abdulla is the owner of a family-owned conglomerate that distributes the Toyota and Honda automotive brands in the United Arab Emirates. A number of franchises are also linked to Abdulla’s businesses, including Ikea, Toys “R” Us and Marks & Spencer. Abdulla is the richest billionaire number 557 in the world.