With over 10 years experience he’s covered businesses, CEOs, and investments. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. Currently, Ali is in the top 500 of all billionaires and continues to invest time and energy into the retail industry. He prides himself on being a self-made man who put in a lot of effort to build his company and gain wealth. Ravi Pillai may have been born in India, but he has made Dubai his home base and has used careful investments to bolster his wealth. His ambitious, business-oriented mindset has allowed him to build a global business.
He owns the Al Ghurair Group, which operates in real estate and manufacturing and has significant investments in private banks in the UAE. B. Ravi Pillai is a Dubai-based Indian billionaire businessman and the founder of RP Group. He was enrolled at Cochin University, where he attained a degree in Commerce. While in university, Ravi started his first business and later an engineering contract business. He worked for some major industrial houses such as Cochin Refineries, Hindustan Newsprint Limited, and Chemicals Travancore Limited.
How We Compiled the List
- In May 2018, Shetty was listed among the top Indian Leaders in the Arab world.
- Creating a list that accurately reflects the richest people in Dubai required consistent and careful methodology to ensure that the most current and reliable information was used in all steps of the process.
- Abdulla Al Futtaim is an Emirati billionaire businessman and founder of the Al-Futtaim Group, a large conglomerate based in Dubai, UAE.
- The city’s unique architecture and modern innovations clearly reflect its status.
This includes RP Mall at Kollam City and Shopping Mall in South Kerala. This Indian multinational company owns the Lulu International Shopping Mall and the Lulu Hypermarket chain worldwide. Under his leadership, the company has been able to increase its operations over the past few years extensively and now has interests in both food and non-food categories. After spending a decade running his deceased brother’s shop in Bahrain, he decided to expand his operations by opening six additional shops. At the start of the Gulf War, Micky relocated to Dubai, where he founded the Landmark Group, an Indian multinational conglomerate.
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M.A Yusuff is also an Indian billionaire in Dubai with a net worth of $3.7 billion in 2023. According to Startuptalky, Majid Al Futtaim is the richest person in Dubai, with a net worth of $6.2 billion. He is the chairman and founder of the Majid Al Futtaim Holding (MAF), a well-known entertainment conglomerate. Sunny Varkey is an Indian-born, Dubai-based education entrepreneur, billionaire, and philanthropist. He is the executive chairman and founder of the Global advisory and Educational Management firm, GEMS Education, which is an international education company.
The Emirati tycoon has continuously expanded its business empire and is now gearing up for the opening of its first mall in Abu Dhabi, which is expected to generate at least 2,000 jobs. Business Outreach is a premier platform for CXOs worldwide to exchange their ideas and insights with their peers. Our edition was launched with the goal of providing a focused approach towards the global market and bringing together technology buyers across various industries on a single platform.
Born to Indian expatriate teachers who settled in Dubai in 1959, Sunny Varkey leads richest man in dubai GEMS Education, renowned as the largest operator of K-12 schools globally. In 2019, the private education firm welcomed CVC Capital Partners as a key investor. Managing the company’s operations are his sons, Dino and Jay, serving as CEO and group executive director, respectively. Additionally, Sunil Munjal, a member of the Indian Munjal family known for their involvement in the two-wheeler industry, holds a minority stake in GEMS. The founder of Mashreq bank, Dubai’s third-largest lender by assets that started in 1967, slipped to the second position.
In November 2023, FIVE Holdings purchased Pacha Group, which owns hotels and nightclubs in Ibiza, Spain, for $330 million. Joy Alukkas, originally the son of a jewelry store owner and a school dropout, ventured to the Middle East in 1987 to establish the family’s inaugural overseas store in Abu Dhabi. Subsequently, he branched out to establish his own brand, Joyalukkas, which has expanded to encompass 100 outlets throughout India and 60 internationally. While the exact net worths of individuals can fluctuate, here’s a spotlight on some of the richest people currently in Dubai.
His wealthiest and most profitable stake is in NMC Health (a London-listed firm ). The Indian radiologist and businessman, Shamsheer Vayalil Parambath is the founder, managing director and chairman of the VPS Healthcare Group. Also managing director and vice-chairman of the healthcare and education investment company, Amanat Holdings. Abdulla Futtaim stands at 7 in the top 10 richest persons of Dubai with a net worth of $2.5 billion in 2023. He is the owner of Al Futtaim Group which operates conglomerate business in automotive, insurance, real estate. Saif Al Ghurair holds the tenth spot among Dubai’s richest individuals with a net worth of $1.7 billion.
Business
Lulu Group International began its operations as a family business venture and was later diversified to include the import and distribution of frozen commodities from the United States and Europe. In 2013, Lulu International Shopping Mall was opened, making it the group’s first retail venture in India and the largest shopping mall in India. B.R. Shetty is an Indian-born businessman who is the founder and a shareholder in several major companies, including; BRS Ventures, NMC Health, Finablr, and Neopharma, situated in the United Arab Emirates. According to Forbes Middle East, Abdulla Futtaim is married, and his son, Omar Al Futtaim, is the current CEO of Al-Futtaim Private Company.
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Abdulla Al Ghurair established Mashreqbank, a prominent UAE financial institution, in 1967. He retired as chairman in October 2019 but continues to serve on the board. Beyond banking, his namesake holding company maintains interests in sectors such as food, construction, and real estate, with non-family members playing key roles in its leadership.
He owned the Landmark Group, which specializes in retail, footwear, electronics, beauty products, and apparel. He and his brother Saif Ahmad Al Ghurair founded Mashreq bank, which is today one of the leading banks in the United Arab Emirates. Saif Ahmad Al Ghurair was an Emirati billionaire businessman and the founder of Mashreq Bank, one of the country’s most successful companies.
UAE announces 2-month grace period for residence visa violators
Sunny Varkey is not only a savvy businessman, but he has also worked to promote better education around the world. Saeed Bin Butti Al Qebaisi is one of the top 15 billionaires of Dubai. He is the chairman of an Abu-Dhabi firm, Centurion Investments that looks after the investments in money exchange, health care and retail.
Despite its relatively small size, the city is home to over 3.3 million people. Securing the bag is everyone’s dream, while getting a net worth of $30 million is another. It is no surprise that Hollywood stars like Fredrik Eklund will want to net millions and live lavish lifestyles….