10 RICHEST People In Dubai

the emirate of Dubai has a unique recent history though the area has been settled for thousands of years it wasn't until oil was discovered in the 1960s that Dubai became a megalopolis for the world's rich and famous the emirate also offers extremely relaxed tax laws in order to tempt international business moguls today it is the go-to destination for anyone with a business idea and money to burn today we are counting down the top 10 richest people in Dubai cyi fogger air is an Emirati businessman holding the 10th largest fortune of any to buy resident the 96 year old man has spent his entire lifetime amassing a huge business empire in a personal net worth of 1.9 billion dollars is eponymous Al Gore Air Group is one of the biggest conglomerates in Dubai and it has holdings and numerous businesses for example the company represents major ventures and petrochemicals packaging metals real estate stock brokerages and more those familiar with Dubai will recognize two of guerreras biggest real estate holdings the Reef mall and Birdman Center together they represent two of the biggest malls in Dubai they are anchored by brands such as H&M and forever 21 and include such popular brands as splash Matalan brands for Less next and LC Waikiki goo bear got his start in finance with a bachelor's degree in accounting at the a Lyon University he's gained many skillsets since then and shared the knowledge with his family in fact all six of his sons are integral members of his highly lucrative business base nonagenarian has had a full lifetime and his business is only growing by the day along with his ludicrous net worth [Music] Huseyin sejuani is a real-estate mogul with numerous holdings all over the Middle East and elsewhere he is the chairman of Dubai based luxury real estate developer Dumont properties which he founded in 2002 and for sejuani business was in his blood both his parents were successful entrepreneurs his father was a trader with a shop at the local souk selling watches Parker pens shirts and goods imported from China such money obtained a government scholarship and attended a medical college in Baghdad after his first year he left for the US and attended the University of Washington where he studied industrial engineering such Lani's first job was as a financier for Abu Dhabi gas industries from there he started a catering business that worked exclusively with wealthy clients this is where he learned that Dubai was an up-and-coming destination with money to be made for the newly rich he now owns a real estate conglomerate with unbelievably lavish offerings in London Dubai and Paris among others these include a golf course designed by Tiger Woods and managed by the Trump Organization luxury apartments with interiors by Italian fashion houses Versace and Fendi luxury villas style by Bugatti and the Versace branded take in London one tower in order to sell these outrageous properties such money has been known to offer unreal perks like a free Lamborghini with every purchase at one point such money's wealth was over four billion but it has since sank to a respectable 2.1 billion dollars making him the ninth richest person in dubai abdullah putain is a remarkably wealthy businessman who grew up in dubai he built a multi-billion durham fortune through selling toyota cars franchising global brands such as Zara IKEA Toys R Us and Hertz as well as setting up shopping malls like Dubai Festival City in Cairo Festival City his massively successful alfu teen group has Holdings all over the world including in Kenya Japan and Morocco in fact forbes said alfu team's conglomerate was so large and profitable that it could account for up to 15% of Dubai's gross domestic products that means that food tank is worth a considerable 2.5 billion dollars making him the eighth wealthiest person in Dubai and he is not shy about flashing this wealth around the city in 2010 alfu team reportedly bought a yacht from the late russian oligarch boris berezovsky the oligarch ordered the yacht at Larsen for an amount of 150 million euros when Berezovsky ran into financial difficulties he failed payments on installment and the construction of the yacht was delayed ultimately if who taem helped him out of his financial troubles and can be seen sailing the yacht all around the Gulf Emirates add to this a fleet of sports cars and you have the raw materials of a serious luxury portfolio [Music] sunny Varkey is the brains behind gems education one of the largest private school operators in the world for students from kindergarten to grade 12 under Varghese leadership the group morphed from a single school to an operator that oversees the education of 110 thousand students in 100 schools across 10 countries mr. barkis parents both teachers arrived in Dubai in 1959 to seek a better life for their family and what they found was a real need to educate children arriving in the city from around the world their son Sonny added a visionaries ambition to a practitioners experience from simple roots in a family of teachers gems education is today the largest privately owned International School provider educating over 100,000 students across the globe with an aim to provide a quality education to everyone barky is also a huge philanthropist and has donated more than 30 million dollars to provide education to those in need through a non profit with the support of Bill Clinton and others but this is only a drop in the pale for the Dubai resident who is worth 2.6 billion dollars in addition Varkey has signed The Giving Pledge and has committed to donate his full fortune of the course of his lifetime dr. bhava Gupta Raghu Ram Shetty set foot in the sands of UAE for the first time back in 1973 in underdeveloped Abu Dhabi this was the beginning of the journey to care for more than a million patients and a never ending commitment to bring healthy habits to the region it all began with a few dirhams in his pocket a degree in clinical pharmacy and an insatiable hope and ambition the Indian born businessman started the company Neel Pharma when he was a young man but this was only the first of his many ventures he then founded UAE exchange with the intention of finding a way for Emirates citizens to send money back to their respective home countries these are enormous ly profitable but his biggest asset is London listed an MC health one of the UAE s largest hospital chains with numerous investments all around the world BR Shetty is worth two point six billion dollars and his fortune is growing every year and he doesn't spend his caste wealth on himself he supports a number of medical facilities around the world including the special care center in Abu Dhabi and the Cancer Foundation run by Pakistan Prime Minister Imran Khan among others micki jagtiani is another indian business magnate with an empire and dubai but his story is particularly international jagtiani was born in kuwait and moved back to India with his family he did his schooling in Madras Mumbai in Bayreuth before moving to London where he joined an accounting school from which he eventually dropped out here he worked as a taxi driver until the death of his brother at this point Gianni moved to Bahrain to take over his brothers business that he turned into a baby product shop when the Gulf War struck he moved to Dubai where he founded the landmark group over the years the landmark group expanded into fashion electronics furniture and budget hotels in the Middle East and Southeast Asia it employs around 45,000 people and has more than 1,000 stores across the Persian Gulf region Middle East and India unlike other dubai billionaires who are close with the Trump administration Jack Jionni's company suspended sales of all Trump branded products in its stores after the US president made anti-muslim remarks during his election campaign the Buddhist magnates wealth has fluctuated by more than two billion dollars in the past two years but he is currently worth more than 3.5 billion dollars making him the fifth richest man in Dubai continuing the prolific trend of Indian men who moved to Dubai in search of greater opportunity Ravi Pillai had a string of failed businesses in India and Saudi Arabia before he finally took the plunge to the wealthy arab emirate pillai received an MBA in his home town in India and though he failed many times this knowledge served him well as he launched RP group a major Emirati conglomerate and one of the biggest employers in the Middle East with over 70,000 employees Pillai has expanded his business to other countries including United Arab Emirates Qatar and Bahrain and has interests in construction hospitality steel cement and oil and gas industries this business offers Pillai a one-way ticket to a luxurious lifestyle he has homes all over the world including a penthouse and Trump Tower in Pune City he spent an absolutely unbelievable 7.5 million dollars on his daughter's wedding the wedding was organized by the production designer who worked on the film baahubali this makes it one of the most expensive weddings in history but the cost of the wedding was negligible too pillai who has a net worth of over 4.3 billion dollars [Music] by now you may have noticed a trend ma use of ollie was born in India but made all his riches in the United Arab Emirates he is the chairman and Managing Director of Lulu Group International that owns the Lulu hypermarket chain worldwide and Lulu International shopping mall with an annual turnover of 7.4 billion dollars globally Lulu group international employs the largest number of Indians outside India all this translates to a 4.4 billion dollar fortune the third biggest in Dubai and Ali has many toys from luxury cars to helicopters but he is also renowned for his philanthropy Yusuf Ali is very closely involved in many social charitable and humanitarian activities both in India as well as in the Arab states of the Gulf recently the Lulu group joined hands with Dubai Cares and adopted schools in Gaza and Nepal Yusuf Ali contributed and took initiative to open a multi-faith funeral center for the Indian community in Sharjah that spread across 8.3 acres he also took the initiative to sell and promote organic products grown by the special needs community in UAE through blue glue hypermarkets then this year Ali received a distinct honour from his newfound home he was both proud and humbled after receiving the UAE s first golden card granting him permanent residency in the country in which he is built an empire [Music] perceptive viewers will notice that we already had an outdoor air on our list that is because the second richest man in Dubai Abdullah Al Gore is the cousin of the 10th richest man Saeed Al Guerrero the mega billionaire founded matric bank in 1967 one of the UAE s leading banks he remains chairman and his son Abdulaziz is CEO he is also the founder of Al Gore air a United Arab Emirates based family-owned conglomerate it owns the UAE s largest flour mill a commodities trader a water company an animal feed producer as well as hotels apartments and a dubai shopping mall he also has stakes in the national Cement Company among many other ventures like every other billionaire on the list Guerrero has his hands and numerous businesses around the emirate they earned him a 5 billion dollar fortune and though his net worth has been as high as 8 billion dollars he still commands respect around the UAE his lifetime of hard work has cemented him as the second richest man in Dubai no easy feat in a city that values opulence above all else [Music] Maajid alfu tame is the richest man in Dubai with an astounding fortune of six billion dollars his eponymous business usually shortened to MAF has ten point six billion dollars in annual revenues and is making more every single year MAF owns and operates 12 hotels and 22 malls including Mall of the Emirates in Dubai and Mall of Egypt in Cairo as of 2015 the holding company worked in 13 countries including UAE Lebanon Egypt Saudi Arabia Oman Bahrain Kuwait Qatar Jordan Pakistan Iraq Armenia and Georgia unlike some of his Emirati rivals putain focuses on entertainment such as cinemas and concerts this diversification helped boost his portfolio to new heights he also has a stake in the fashion world with exclusive licensing rights for fashion brands such as Abercrombie & Fitch All Saints Lululemon and Athletica he also owns a monster 250 million dollar mega yacht the ship is 139 meters long and can accommodate 16 guests in 8 staterooms the yacht has a crew of 29 and plenty of room for Alpha Team to entertain guests for weeks on end [Music]

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Keywords: dubai, billionaires, united arab emirates, royal family, richest people in dubai, dubai billionaires, dubai cars, oil, dubai documentary, supercars, Things You'll Only See In Dubai, dubai real estate, richest person, top 10, viral, new

Id: QJpb1eDWGW8

Length: 11min 10sec (670 seconds)

Published: Wed Aug 21 2019