Dubai is a land of luxury, dreams, and enterprise. In the UAE, Dubai is one of the most growing cities. Dubai looks very small, but there are more than 3,302,000 residents. In the Middle East, Dubai is well-popular as the second most expensive city and in the world, ranks as 20th. The wealthiest people choose Dubai to live and start a new business. The unique architecture and innovations make Dubai a perfect place to live. In this blog, we deliver a list of the top ten richest people in Dubai.
Top Richest People in Dubai
1. Majid Al Futtaim-
In UAE 2023, Majid Al Futtaim is the richest person with a net worth of $6.2 billion. Majid Al Futtaim is the chairman of Majid Al Futtaim Group. Futtaim Group is privately run a company that invests in real estate, entertainment, and car distribution. This company was established in 1992 and quickly grew as one of the largest companies in the UAE. Today, this company has more than 120 stores around North Africa, the Central Asia region, and the Middle East.
2. Sunny Varkey-
Sunny Varkey is the second richest man in Dubai. He is a non-residential Indian, and also an excellent education philanthropist as well as businessman. Sunny Varkey is the founder and chairman of GEMS Education, a management company that is quite popular for its advisory and education. This is the vast organization that is private for Kindergarten to 12 standard schools. A minimum of 52 schools are settled under this organization in 4 countries. Along with this, Sunny Varkey is a UNESCO Goodwill Ambassador. He is also the trustee and founder of the well-known Varkey Foundation. Total Net Worth is around US $1.9 billion.
3. Micky Jagtiani-
In Dubai, Mukesh Wadhumal Jagtiani aka Micky Jagtiani is ranked third number as the top billionaire businessman. Micky Jagtiani was born in India and has a settled UAE-based enterprise. He is the owner and chairman of Landmark Group, based in Dubai. Micky Jagtiani is quite popular for its notable landmark retail stores. The micky business delivers livelihood to more than 45000 people. There are a minimum of 1000 stores of Landmark Group across the Middle East, Persian Gulf region, and India.
4. M.A Yusuff Ali-
Yusuff Ali Musaliam Veetti Abdul Kader (M.A Yusuff Ali) is a very popular Indian billionaire and entrepreneur. Yusuff Ali is the managing director and chairman of LuLu Group International. This group includes LuLu International Shopping Mall and LuLu Hypermarket chains across the world. LuLu Group International’s annual profit is around US$7.4 billion. According to Forbes, M.A Yusuff Ali is ranked no. 1 among the top 100 businessmen in the Arab World in the list of 2018.
5. Philip Day-
Philip Day is the chairman and founder of the Edinburgh Woollen Mill Group with high-street retailers like Jaeger, Austin Reed, Peacocks, Jane Norman, and many more. He is a British Billionaire. Philip Day guessed net worth was $ 1.2 Billion, according to the report of Sunday Times Rich List of 2016. Philip Day joined Edinburgh Woollen Mill after leaving his job at Aquascutum. He showed his worth to Edinburgh and brought great results.
6. Ravi Pillai-
Ravi Pillai started his career with a local friend when the labor strike was held in Kerala and Ravi Pillai decided to move to the UAE. After two years of his enterprise, it grows into a new enterprise, Nasser S.Al Hajri Corporation (NSH). After the NSH launch, the company established a billion-dollar empire foundation, RP Group. Ravi Pillai was ranked as the 529 richest people around the world, according to the list of 2019.
7. Abdullah Al Futtaim-
Abdullah Al Futtaim, an Emirati billionaire and fellow cousin of Majid Al Futtaim. He is the owner of Al-Futtaim Group. In the list of the top ten richest men in Dubai, Abdullah Al Futtaim ranked seventh. Abdullah Al Futtaim’s net worth is around 2.1 US billion dollars. He specialized in retail and real estate operations in the automotive industry. Along with this, he is the CEO of Al-Futtaim Private Company LLC.
8. Hussain Sajwani-
Hussain Sajwani is one of the richest men in Dubai. He is the founder and chairman of DAMAC Properties- a real estate development company. DAMAC Properties is counted among the best firms in real estate. Hussain Sajwani was awarded the Arabian Business Real Estate award along with the title of the Real Estate Legend. Recently, Hussain Sajwani Ranked 962 among the world’s richest people.
9. Mohammed Khalaf Al Habtoor-
Mohammed Khalaf Al Habtoor, the son of Al Habtoor, a business tycoon, and CEO of the Al Habtoor Group. The Al Habtoor Group is one of the largest corporations in the UAE. Mohammed Khalaf Al Habtoor looks after the diversification of Al Habtoor Group into insurance, hotels, real estate, automobile, hospitality, the publishing industry, and education. Along with this, he is the founder of the Dubai Polo Gold Cup.
10. B.R Shetty-
Bavaguthu Raghuram Shetty is the founder and acquirer of the United Arab Emirates companies cooperative Abu-Dhabi-based NMC Health, BRS Ventures, Neopharma, and Finablr. B.R. Shetty was born in India, and counted among the top businessmen in Dubai. B.R. Shetty started his career with his interest in hospitals and hospitality. After some time, he grows into the financial services, advertising, pharmaceuticals, information technology, and retail business.
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