She then married a 60-year-old Saudi billionaire at 25, who then passed away in 2016. Now she’s focused on being a mother to her children, as she explores her interests in fashion, beauty and beyond. The Dubai Bling star leads a luxury flower brand that has become renowned for its unique beauty and capacity to live for years. An entrepreneur since age 14, Ebraheem Al Samadi’s first endeavour was reselling clothes from his mum’s Florida apartment and now he has an estimated net worth of over Dhs200 million. Looking forward, Yusuff Ali plans to take the retail giant public between 2023 and 2024. His diverse portfolio also includes prestigious assets such as the Waldorf Astoria in Scotland and the Great Scotland Yard Hotel, which was formerly the headquarters of the U.K.
Off Plan Properties in Dubai
As a TV presenter for a multitude of platforms, she has millions of followers on Instagram waiting to see her next move. richest man in dubai The vast majority of the local population works in the service industry, migrating from nearby countries like Pakistan in search of higher wages. And with literally hundreds of millions of foreign visitors per year, the sheer numbers of visitors swamps everything else.
- The economic boom in the region, fueled by oil revenues and strategic investments, has created a playground for the affluent.
- Among all the rich men in Dubai, Sunny Varkey ranks seventh and is the wealthiest individual with a net worth of $2.5 billion.
- In May 2018, Shetty was listed among the top Indian Leaders in the Arab world.
- With interests spanning banking, real estate, and manufacturing, Al Ghurair has played a key role in the economic development of Dubai.
- Shetty is the founder of NMC Health, BRS Ventures, Neopharma, and Fnablr, and is the sixth richest person in Dubai with a net worth of $2.6 billion in 2023.
Pavel Durov founded and owns the messaging app Telegram, boasting over 700 million monthly active users globally. Positioned as a free alternative to messaging platforms like WhatsApp, Telegram competes in the crowded digital communication landscape. The Henley Private Wealth Migration Report for 2023 anticipates that 4,500 millionaires will choose to relocate to the UAE during this year.
Notably, Sajwani forged a partnership with Donald Trump in 2013 to establish two Trump-branded golf courses within Dubai developments. In April 2020, a member of Abu Dhabi’s royal family reportedly acquired a significant 20% stake in LuLu for $1 billion. Al Muhairi, who also has investments in the healthcare industry, saw his net worth slip from $1.5 billion to $1.2 billion. It attracts some of the richest individuals from around the world, who often consider it a second home. However, in this article, we will unfold the top 10 richest people in Dubai, UAE and their net worth. As the chairman of Dutch chemical producer OCI NV, Sawiris played a key role in listing the joint fertilizer venture with Abu Dhabi National Oil Co. in the emirate towards the end of 2021.
Sekenkoum Real Estate
Al Ghurair was born in 1924 and is the eldest of the five sons of Ahmed Al Ghurair. The study firmly places Dubai in the top 50 ranking of the world’s wealthiest cities, claiming the 21st spot. Among all the rich men in Dubai, Sunny Varkey ranks seventh and is the wealthiest individual with a net worth of $2.5 billion. Shetty is the founder of NMC Health, BRS Ventures, Neopharma, and Fnablr, and is the sixth richest person in Dubai with a net worth of $2.6 billion in 2023. In 2018, he joined the Giving Pledge which provides commitment to donate half of his wealth to charitable causes.
Business Bay Dubai Apartments
It also comes as the United Arab Emirates lures investing titans from Ray Dalio to Alan Howard to set up offices in the capital city. The dynamic duo have a significant net worth as these Dubai Bling stars span music and social media influencing. DJ Bliss is one of the biggest names in regions night life, as the first Emirati artist to tour worldwide, he leads the industry in his own way. While Dee elevates her platforms through fashion partnerships and strategic collaborations. Then go see the Sega-based indoor theme park, the Dubai Aquarium, the world’s largest musical fountain, a 3000-seat movie theater, professional ice rink, then book tickets for the Burj Khalifa.
The official Dubai tourism authority has said it is trying to push for greater product diversity and affordability in the city. But developers and operators continue to push for trophy assets, which leads to rising rates. Sawiris will continue to be executive chairman of NNS Group following the re-domiciliation. Lojain has long established her career on TV in her home country, Saudi Arabia, before her Dubai Bling gig.
From beauty empires, to luxury services, to musical endeavours and, of course, fashion partnerships, the avenues of income are endless. And the motivated bunch continue chasing their next big win, their numbers keep rising upwards. You can go just about anywhere in the city via one long main road (Sheikh Zayed Road) which is a 12-lane superhighway bordered by feeder roads. And if you’d rather not drive, there’s a fully air conditioned, fully automated, driverless metro system with cooled walkways to every major attraction. The Dubai Mall induced vertigo, especially as I rode free-floating escalators, looking at little worlds of Hermès, Dior, Chanel, and Gucci flagship stores hundreds of feet below me.
- The conglomerate operates 256 hypermarkets and malls across the Gulf region and beyond.
- Bloomberg reported that the Egyptian billionaire intends to re-domicile NNS Group in the Abu Dhabi Global Market, the city-state’s international financial centre, subject to regulatory approval.
- Durov is not only a billionaire, but he was able to make a name for himself at a young age and founded VK when he was only 22.
- Al Futtaim’s keen business acumen has contributed to the growth of the retail sector in the region, and his net worth reflects his success.
Key Points
As a result, Taghleef Industries became one of the world’s largest manufacturers of polypropene films, food packaging, and lamination. Originally from Mumbai, India, Mulchandani initially worked in his family’s consumer electronics business before relocating to Dubai in the early 2000s to venture into real estate. In the Middle East, Menon’s Sobha Realty operates across the UAE, Qatar, Oman, and other Gulf countries. Menon has expressed plans for his wife to assume the role of chairman at Sobha after his passing, with his son Ravi serving as co-chair. Yusuff Ali, known as the retail magnate of the Middle East, leads LuLu Group International, which generates $8.4 billion in revenue. The conglomerate operates 256 hypermarkets and malls across the Gulf region and beyond.
Moreover, his ventures extend into the sports world with the purchase of Premier League’s Aston Villa Football Club. From real estate to fashion, Zeina is taking the world by storm each sector at a time. Dubbed the queen of Versace, for both her extraordinary properties in Dubai’s Palazzo Versace and her devotion to the brand itself, this Dubai Bling member’s net worth is solid. With businesses and ventures to all their names, it’s no understatement to say we are watching the inner workings of millionaires on the hit reality show.