Top 25 Richest People in Dubai

At 94, Lee Shau Kee is the oldest billionaire in the top 100 billionaires list, according to Forbes’ real time billionaire list. He is a Hong Kong-based business magnate, investor and philanthropist. He has co founded property developer Sun Hung Kai with Kwok Tak-Seng.He is currently the 41st richest person in the world with a networth of $33.1 billion. On the other hand, Mukesh Ambani is the chairman of India’s largest company Reliance Industries Limited and his total assets are $84 billion. He is second only to Gautam Adani on the list of richest people in Asia. Rashed Belhasa is of Emirati nationality and was born in Dubai to the rich dad and mom.

It is the government’s strategy to flow foreign money into their land. The travel and tourism sector of Dubai contributes a major portion of Dubai’s revenue. It is a very important source in maintaining Dubai’s economy.

richest people in dubai

The richest sheikh at this time is supposedly Sheikh Mansour bin Zayed Al Nahyan with a net worth of $30 billion. I hope you liked our article on dubai richest person , if you have any comments or suggestions do share them in the comments below. However, with so much money in the city and more than 3 million people living in it, There are bound to be some who took advantage of the opportunity and made it big.

Top 10 World’s Longest Train Journeys

Anyone from virtually anywhere on the planet can register an account on using only basic personal information and an email address—nothing that identifies the user. Customers Users with unverified accounts are currently limited in what they can do. However, until the policy changed in 2021, they were previously permitted to withdraw two Bitcoins every day, worth up to $120,000. None of this is a concern for the majority of Binance traders. They have a stake in Zhao’s initiative not through fairness—Binance doesn’t appear to have many outside shareholders—but rather through the use of the company’s BNB token. The majority of trades on Binance go through the company’s flagship exchange,, which is based on who is aware of the location and who is aware of whom, and is owned by God.

Binance was deemed “not able to be successfully supervised” by the report. National currencies, according to proponents of Bitcoin, are mostly based on public opinion and governmental decrees, or the “fiat” in fiat money. Zhao had either been relocated to one of the many co-working spaces dotted around Shanghai, as Zhao had, or they had left the country. Zhao refuted claims made by the Block, a crypto news source, claiming the Huangpu office had been the target of a “police raid” as part of China’s campaign against cryptocurrencies. He asserted that there had been no raid and that there had never even been a Binance office in Shanghai.

richest people in dubai

With hard work and determination, the Indian billionaire grew the company to become a massive brand and currently runs it with his wife, Renuka. A true example of self-made wealth, Micky Jagtiani used to be a taxi driver in London shortly before he opened his first baby products store in Bahrain. He was known to be one of the most prominent leaders for economic growth across the Middle East. Along with this, he also owned Iran Hyper Star and Vox Cinemas, which are both prominent companies in the Middle Eastern region. In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular women in the world. Moreover, she was honoured as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013.

This Indian businessman hailing from the southern state of Kerela went on to become the household jewellery brand in India and UAE. Climbing the stairs of the Forbes list, the chairman of Joyalukkas Jewelry has also received awards of appreciation from HH Mohammed bin Rashid in Dubai. This non-resident Indian Jeweler owns a business net profit totalling $3.1 billion. He stands in the 69th position and is the only jeweller in the entire Forbes 100 list. The United Arab Emirates GDP per capita is a whopping 49,000, and the unemployment fee is as low as 2.4 p.c. At first glance, the nation appears to be thriving with room for growth; yet, there is a large population dwelling in poverty in the UAE.

LuLu Group International

The owner of conglomerate Al Futtaim Group landed the 8th spot in the Middle East region. The founder of DAMAC Properties leads the pack this year with a net worth of $2.7 billion, moving two places up in the UAE and taking the sixth spot overall in the Middle East region. The number one position was previously occupied by Majid Al Futtaim, who passed away in December 2021. Though after joining the, she is living up her passion by getting herself acquainted with latest fashion trend.

The same list showed that Gautam Adani has become the richest person in India, with a wealth of Rs 10,94,400 crore. In the last one year, Adani’s wealth more than doubled at 116 richest people in dubai per cent, fuelled by acquisitions and organic growth of his business. In absolute terms, Gautam Adani added Rs 5,88,500 crore to his wealth portfolio in the last one year.

Dubai is famous as a solid business center, high-end shopping destination, and a cosmopolitan city. It is also popular as a basic transportation hub for people and goods. Dubai has been considered as one of the best places for living in the Middle East. Several people would imagine that Dubai is the richest city in the Middle East as well as all over the world because of oil. Just around or more than 7 percent of Dubai’s revenue comes from oil.

He is commonly known as one of Dubai’s richest thanks to his immense net worth of over $2 billion. The company is present across the Middle East, Africa, and Asia with its primary business being in retail and entertainment. As of 2015, MAH owned various shopping malls such as the Mall of the Emirates, retail stores, and even the Al Mouj Muscat community. Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world. Azad MoopenThe Indian entrepreneur, Azad Moopen works in the healthcare, physician and philanthropic field.

That was strange because neither Zhao nor anyone else at the company had mentioned the sickness during the interview. The company’s chief of Middle Eastern operations showed up uncovered in a public hotel lobby where he appeared to be holding face-to-face conferences on the day Binance had scheduled a separate interview with him. Zhao, however, doesn’t seem to have many activities outside of work, and the trip was reduced to a 10-minute drive between resorts in Zhao’s black Toyota Granvia minivan. Zhao said, pressing a button and squeezing against the knees of one of the two handlers seated in the third row.

He has developed some great health care facilities in the Asia-Pacific region. He is ranked 6th among the top 100 Indian Leaders in UAE, by Forbes. According to the 2018 Forbes list, Joy Alukkas ranked among the Top Indian Leaders in the Middle East. He was awarded the Dubai Quality Appreciation Award by the Prime Minister and Vice President of UAE, Mohammad Bin Rashid Al Maktoum. His net worth was estimated as US$2 billion in 2018 by Forbes. Abdullah bin Ahmad Al Ghurair is the founder of one of the leading banks in the United Arab Emirates, Mashreqbank.

richest people in dubai

This implies that the other five emirates depend upon the federal government for financial assist. The richest child in Dubai title is Rashed Saif Belhasa, though the media check with him as simply Rashed Belhasa. His birthday is January the 5th, 2002, which means that he’s solely sixteen years old. According to a Wealth-X and UBS report, Dubai is residence to greater than 30 billionaires, by far the most of any Middle Eastern city. The UAE based Indian billionaire M.A Yusuff Ali achieved his wealth as the pinnacle of LuLu Group International, an Indian multinational that operates a series of retail firms across the UAE.

Founder – Advanced Info Services and Shin Corporation

I have read Privacy Policy and Terms & Conditions and agree to receive newsletters and other communications on this email ID. While the exact number various constantly, estimates put the number of billionaires in Dubai to be near 50. He initially began working for the clothing manufacturer and within a year of joining, purchased the company entirely.

  • Moreover, he began his career by working for International Computers Limited which made him the company’s European treasurer.
  • The man was not the richest man in Kuwait but a millionaire who was shot dead in the dual-island Caribbean nation of Trinidad and Tobago.
  • In Gold Trade, Dubai is known as the capital worldwide and it had thriving gold trade since the 1960s that helped to build increase their business.
  • Moreover, Abdullah bin Ahmad Al Ghurair holds many eponymous companies and mammoth corporations with the interest of real estate and food construction.
  • The population fell an estimated 17%, that means there was little demand for brand spanking new properties.There was also less demand for luxurious holidays.
  • Abu Dhabi and Dubai management 83.2 percent of the UAE’s wealth.

According to the report of 2016 by Sunday Times Rich List, Philip Day estimated net worth was $1.2 Billion. He joined Edinburgh Woollen Mill after leaving his job at Aquascutum. The British billionaire, Saket Burman is a very prominent billionaire in Dubai, London and Delhi. He completed his education at the University of Wisconsin-Madison. Mohammed Khalaf Al HabtoorThe son of Khalad Al Habtoor, the investor, business tycoon, CEO and vice-chairman of the Al Habtoor Group.

VPS Healthcare owns a large network of hospitals, clinics, and medical institutions in India, Dubai, and other locations. The company started off with its first hospital in 2007 and now have more than 20 with 13,000+ employees. While most of his wealth comes from the Al Habtoor Group, Mohammed himself founded the Dubai Polo Gold Cup which is one of the world’s most renowned horse racing events. Mohammed Khalaf Al Habtoor is the son of Khalab Al Habtoor and went on to inherit the business giant, the Al Habtoor Group. Through this, Mohammed has been able to develop his own firm and create an immense amount of wealth in various fields. With its primary line of business being the distributorship of Toyota and Lexus vehicles, it has a hold over various industries.

Majid Al Futtaim Holdings turnover is around US$8.8 billion in revenue and made profit in 2017 up to US$600 million. It owns the exclusive rights to manage the franchises of AllSaints, Carrefour, Abercrombie & Fitch, and Lululemon Athletica. Feroz Allana, the co-founder of the Allan Group which is well known for its production of the fastest moving consumer goods . The headquarters of Allana Group is established in Sharjah, a neighbourhood of Dubai. Shamsheer Vayalil got his MBBS degree from Kasturba Medical College, Manipal and MD from Sri Ramachandra Medical College and Research Institute. With a net worth of 1.4 billion USD, Shamsheer Vayalil is counted among the top prominent businessmen in Dubai.

Yaariyaan Episode 3: ArmChair Travel To Bangkok

The company’s stake, which formerly cost $1.6 billion, is now worth almost nothing. Not that Zhao was issuing or paying attention to any cautions. In an interview that day, he admitted, “So, there are a couple of issues about me.” I don’t give a damn about money. He has partnered with billionaire Saeed Bin Butti Al Qebaisi to make investments through Infinite Investment and Centurion Partners. His company Taghleef Industries is one of the world’s largest manufacturers of polypropylene films, used in food packaging and lamination. When the wealth of the two Adani brothers gets totalled, it stands at Rs 12,63,400 crore, which is nearly 40 per cent of the top ten people in the Hurun India Rich List 2022.

According to a June article from Reuters, Binance was used to launder at least $2.35 billion, including money from common scammers, North Korean hacking groups, and dark internet drug markets. From there, Binance developed and began offering highly leveraged financial products based on the value of these currencies. These derivatives are illegal in many jurisdictions, but Binance hasn’t been impacted by this because it isn’t based in any one of them. Critics have long expressed concern about potential gaps in the system that could allow criminals and money launderers to move cash through. In a brand-new area of Binance that he described as being “the adults in the room, primarily,” he bought a condo, hired an office, moved his belongings, and bought a minivan.


In Dubai, lots of luxurious apartments, villas, and houses are available for rent. Lots of celebrities and businessmen from all around the world have a luxurious home in Dubai. These real estate investments reveal Ambani’s growing global footprint.