Al Futtaim is the founder and sole owner of Majid Al Futtaim Holding, a real estate and retail company. With a net worth estimated by Forbes to be $6.1 billion, Majid Al Futtaim ranks as the richest person in Dubai. Richest people in the united arab emirates as of 2020 according to forbes magazine 1. abdulla bin ahmad al ghurair he is the founder and chairman of mashreqbank, one of the leading banks in the united arab emirates. Of the billionaires who remain, 51% are poorer than they were last year. 0. The list also featured Jack Ma, 17th on the list and the richest billionaire from China with an estimated net worth of $$43.0 billion, India’s Mukesh Ambani on the 19th spot with a net worth of $39.5 billion, Saudi Arabia’s Prince Alwaleed Al Saud in the 90th spot with $12.9 billion and the Philippines’ richest billionaire Manny Villar with a net worth of $5.16 billion. June 3, 2020. Richest. Non-executive Chairman of Tegel Group Holdings Limited, Sky Network Television Limited and Majid Al Futtaim Properties; Non-executive director of its parent company, Majid Al Futtaim Holding LLC; and non-executive director of Kathmandu Holdings Limited and Better Capital. 4 Warren Buffett (United States) – $70.5B The top 10 families employ 600,000 people have a net worth of more than $31 billion (Dh114 billion). Here are the richest and wealthiest people in Dubai, AE.The person with the highest net worth in Dubai, AE is Sheikh Mohammed bin Rashid al Maktoum. It operates in construction and building materials, real estate, contracting, industrial, automotive, and food products. Its LuLu Hypermarket chain has more than 180 stores across the Gulf. The net worth of Majid al-Futtaim and his family dropped by $1.8 billion, or 35 percent, following the enormous loss of his company “Eponymous” company in 2019. Hussain Sajwani lost the most this year in percentages, with his fortune down 41 percent thanks to a weakened real estate market. Yusuff on the 338th spot with an estimated net worth of $5.01 billion, and Al Ghurair Group founder Abdullah Al Ghurair at 474 on the list with a net worth of $3.85 billion. Tuesday, 30 June 2020. In 2020, Majid Al Futtaim's net worth was estimated to be $ In 2019, the company registered several significant sustainability firsts. Majid Al Futtaim is the richest man in Dubai with an astounding fortune of $6.2 billion. 2 Bill Gates (United States) – $97.9B Egyptian Nassef Sawiris is again the world’s richest Arab world, with $5 billion. The decrease in his net worth is primarily due to his recent divorce. Here are the richest and wealthiest people in Dubai, AE.The person with the highest net worth in Dubai, AE is Sheikh Mohammed bin Rashid al Maktoum. Director of Ferrovial since 2016. ... Abdullah Al Futtaim Chairman of the Al-Futtaim Group, one of the largest Emirati family businesses. The company is a retail and entertainment conglomerate that has grown to be one of the largest companies in the emirate since its inception in 1992. Follow us. Majid Al Futtaim performs annual audits and reports on its sustainability progress. Please share your email address and tell us a bit about yourself to stay connected to opportunities and … Majid Al Futtaim is the first company headquartered in the Middle East - and one of only a few globally - to commit to becoming Net Positive; and in November 2019, it also became the first company in MENA to commit to phase-out single-use plastics from its operations by 2025. Philip Day; As the son of the British parents, He was born in Dubai. Arab billionaires’ total wealth declined 19.4% from a total of $58.7 billion to $47.3 billion, dropping by $11.4 billion—more than the wealth of the two richest people in the Arab world combined. In raw terms, the world’s billionaires are worth $8 trillion, down $700 billion from 2019. Majid Al Futtaim Chief Executive Officer Alain Bejjani discusses the company’s pledge to sustainability. He founded retailing and entertainment giant Majid Al Futtaim Holding (MAF), in 1992. The U.A.E has four billionaires, down from seven last year. The net worth of Majid Al Futtaim and family dropped by $1.8 billion, or 35%, as his Eponymous company made a loss in 2019. Hussain Sajwani lost the most this year in percentages, with his fortune down 41 percent thanks to a weakened real estate market. Majid Al Futtaim hired HSBC to find buyers. The family patriarch is well-known industrialist Majid Al Futtaim, who is listed by Forbes as one of the 10 wealthiest men in the UAE with a current net worth of approximately $4.8 billion. He his a well know business man, the founder and CEO of Majid Al Futtaim Group, an Emirati real estate and retail conglomerate, with project in some other continent like Asian and Africa, founded in year 1992.Al Futtaim is married and also lives in Dubai. Majid Al Futtaim is the sole owner and operator of the Carrefour stores, which currently total more than 320 and are located in 16 of the 30 countries. Yusuff on the 338th spot with an estimated net worth of $5.01 billion, and Al Ghurair Group founder Abdullah Al Ghurair at 474 on the list with a net worth of $3.85 billion. The group was established by Majid Al Futtaim in 1992. His company also has a license to operate hypermarkets for French company Carrefour across the Middle East, North Africa, and Central Asia. Abdulla Al Futtaim has emerged as this year’s fifth richest person in the UAE, with a total net worth of $3.2 billion. Majid Al Futtaim REUTERS/Jumana ElHeloueh Al Futtaim’s Dubai-based real estate and retail company owns shopping malls and hotels in the Middle East, Pakistan, Georgia, and … Hussain Sajwani lost the most this year in percentage terms, with his fortune down 41% due to a weak real estate market. Al Futtaim is married and lives in Dubai. The company’s net worth is 3.6 billion USD in 2020, as per the reports. Al-Ghurair The group manages a number of residential, industrial and hospitality businesses. Will you take the vaccine when it comes out? MAF owns and operates 13 hotels and 24 malls, including Mall of … According to Forbes, Al Futtaim has a net worth of US$3.6 billion, as of September 2020. Notable buildings . Director of Ferrovial since 2016. Environment The Masdar Institute launched a Seawater Energy and Agriculture System pilot project in 2015 which was aimed at preserving the environment while catering for the...Read More. District cooling companies deliver chilled water through […] Majid Al Futtaim is the first company headquartered in the Middle East - and one of only a few globally - to commit to becoming Net Positive; and in November 2019, it also became the first company in MENA to commit to phase-out single-use plastics from its operations by 2025. His company also has a license to operate hypermarkets for French company Carrefour across the Middle East, North Africa, and Central Asia. His eponymous business usually shortened to MAF has $10.6 billion in annual revenues and is making more every single year. Al Futtaim is the founder and sole owner of Majid Al Futtaim Holding, a real estate and retail company. It operates in construction and building materials, real estate, contracting, industrial, automotive, and food products. According to Forbes, Al Futtaim has a net worth of US$3.6 billion, as of September 2020. Notable buildings . 20,832 Fans Like. Majid Al Futtaim operates more than 500 VOX Cinemas screens and 34 Magic Planet family entertainment centres across the region, in addition to … He is the first cousin of Abdulla Al Futtaim, another Arab billionaire, with whom Majid Al Futtaim worked closely during the start of … 3. The Dubai-based business operates in the Middle East, Pakistan, Georgia and Armenia, and owns 26 shopping malls and 13 hotels. 6 Larry Ellison (United States) – $55.6B June 2, ... Tag: Majid Al Futtaim. In the past 12 months, Majid Al Futtaim has marked several milestones across the Middle East. Majid Al Futtaim Chief Executive Officer Alain Bejjani discusses the company’s pledge to sustainability. Majid Al Futtaim; He is the richest ... His net worth was 3 billion in 2020 and growth exceeded 15% compared to previous years. Please share your email address and tell us a bit about yourself to stay connected to opportunities and … Its retail division manages more than 300 Carrefour-branded stores. The Al Futtaim Group is a Dubai based conglomerate active in retail, automotive, technology and real estate.. Al-Futtaim operates more than 65 companies and employs more than 20,000 people.Al Futtaim Motors. The net worth of Majid Al Futtaim and family shrank by $1.8 billion to $3.3 billion, making him the fifth wealthiest Arab in 2020. 1. His company's most notable properties include the Mall of the Emirates, complete with an indoor ski slope, and the Mall of Egypt that opened in March 2017. New Flagship Community in Dubai. The net worth of Majid Al Futtaim and family dropped by $1.8 billion, or 35%, as his Eponymous company made a loss in 2019. Egypt Vox Cinemas complex worth $65.5m, MAF says ... Property developer Majid Al Futtaim will build four neighbourhood centres in Cairo’s new residential cities, and four shopping malls in greater Cairo as a part of its $3bn (EGP22.5bn) investment in the country. He’s Majid Al Futtaim and is said to be the richest person in the Middle East with a net worth of $10.9 billion. According to the list, Al Futtaim is also the richest billionaire in the UAE with an estimated net wroth of $5.30 billion. Al Ghurair is founder of Al Ghurair, a United Arab Emirates-based family-owned conglomerate. Majid Al Futtaim has a net worth of $3.3 bn. He was the CEO of Majid Al Futtaim Ventures for 10 years overseeing seven business verticals including fashion retail, leisure and entertainment, cinemas, financial services and facilities management. Dubai’s Majid Al Futtaim (MAF) is putting its district cooling unit up for sale. Naguib Sawiris came in the sixth place with a net worth of $3 billion, followed by Yasseen Mansour with $2.2 billion, the Lebanese Taha Mikati and Najib Makati with $2.2 billion and $2.1 billion, respectively, and the Omani Suhail Bahwan with $2.1 billion. Majid Al Futtaim is one of the largest company in UAE, an Emirati holding company established in 1992 founded by Mr Majid Al Futtaim. Forbes Middle East has unveiled its annual list of the world’s richest Arabs for 2017. In 2020, his net wealth is 1.9 billion increased by 15% comparing 2019. Find Out More. No.5 : Founded in 1950 by Rashed Al-Rashed, Saudi’s Rashed Abdul Rahman Al-Rashed & Sons Group has 26 wholly-owned companies. The richest people on Earth are not immune to the coronavirus. Majid Al Futtaim landed on the 305th spot, followed by Lulu Group founder M.A. 5 Mark Zuckerberg (United States) – $60.2B As of October 2018, Abdulla Al Futtaim’s net worth was estimated at $3.1 billion. Top 10 Most Expensive Cameras In The World 2020. DUBAI – Three businessmen from the UAE whose names are synonymous with big brands in the country have been named among the world’s top billionaires in Bloomberg’s Billionaires Index on Sunday (March 29). According to the list, Al Futtaim is also the richest billionaire in the UAE with an estimated net wroth of $5.30 billion. Image credit: Al-Futtaim Group. While Abdulla Al Futtaim retained the automotive and retail businesses, Majid Al Futtaim took over the firm’s property development business which is now known as the Majid Al Futtaim Group, another business giant in Dubai. Company: Majid Al Futtaim Group The Middle East can thank Majid for its first Lego store, along with a myriad of shopping malls, retail and leisure venues in the Middle East and North Africa. Richest people in the united arab emirates as of 2020 according to forbes magazine 1. abdulla bin ahmad al ghurair he is the founder and chairman of mashreqbank, one of the leading banks in … Yusuff Ali is the founder and managing director of LuLu Group International, an operator of supermarkets, shopping malls and hotels in the Middle East, Asia, Africa and the UK. Majid Al Futtaim – $6.2 billion. Majid Al Futtaim has a net worth of $3.3 billion and ranked 590 on Forbes' world billionaires list 2020. Hussain Sajwani lost the most this year in percentage terms, with his fortune down 41% due to a weak real estate market. Want to be the first to hear about career opportunities at our pioneering company? Since, last 28 years the company is growing rapidly and coming up with new ventures. 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. Prince Al-Waleed bin Talal bin Abdul Aziz al Saud But that source was probably wrong as it seems Saudi Arabia's Prince Al-Waleed bin Talal bin Abdul aziz al Saud has a worth of $25.5billion. Arab billionaires were also not insulated from the downturn, with the number of billionaires reduced to 21, down from 24 last year, with three billionaires dropping off the list, one passing away and one making a comeback. No.5 : Founded in 1950 by Rashed Al-Rashed, Saudi’s Rashed Abdul Rahman Al-Rashed & Sons Group has 26 wholly-owned companies. Al Futtaim is married and lives in Dubai. Director of Ferrovial since 2016. He also has stakes in Mashreq Bank and National Cement Company. Majid Al Futtaim to add $1.3bn in Oman by 2020 The UAE developer's total Oman investments will be worth $1.8bn by 2020, and will include the $714m Mall of Oman and $116m City Centre Sohar Majid Al Futtaim's Oman portfolio includes the Al Mouj, Muscat waterfront project. His company's most notable properties include the Mall of the Emirates, complete with an indoor ski slope, and the Mall of Egypt that opened in March 2017. ICA/Expat Media, 1 Jeff Bezos (United States) – $117B Non-executive Chairman of Tegel Group Holdings Limited, Sky Network Television Limited and Majid Al Futtaim Properties; Non-executive director of its parent company, Majid Al Futtaim Holding LLC; and non-executive director of Kathmandu Holdings Limited and Better Capital. Majid Al FUTTAIM ; Country: the United Arab Emirates. Top 10 Richest People of UAE 2017. admin-June 2, 2016. Majid Al Futtaim also operates the Middle East franchise of French retailer Carrefour. Personal life . Forbes didn’t include Saudi Arabian billionaires on its list for the third year running, making Egypt and Lebanon the most represented countries on the 2020 list. Majid Al Futtaim net well worth according to 2015 stats is usually $6,500,000,000.5 Billion: Majid Al Futtaim may be the estranged brother of billionaire Abdulla Al Futtaim. Activity: Real estate- retail. Net Worth: $7 Billion: Nationality: Emirati: Spouse: Married: IMDB: http://www.imdb.com/name/ Director of Ferrovial since 2016. 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The Abu Dhabi-based group had revenue of about $7.8 billion in 2018. Majid Al Futtaim ranked #590 on Forbes World’s Billionaires list 2020 with a net worth of $3.3 billion. The company raised two Green Sukuks worth $1.2 billion, with the first issuance in May becoming the world’s first … American Singer Billy Joel Net Worth By Forbes.com In 2020. Non-executive Chairman of Tegel Group Holdings Limited, Sky Network Television Limited and Majid Al Futtaim Properties; Non-executive director of its parent company, Majid Al Futtaim Holding LLC; and non-executive director … Personal life . Majid Al Futtaim Majid owns a company by the name Majid Al Futtaim Holding which operates 12 hotels and 21 malls, including Mall of the Emirates in Dubai and the Mall of Egypt in Cairo. The cooling unit company comprises chillers connected to its hotels and shopping malls. Want to be the first to hear about career opportunities at our pioneering company? Majid Al Futtaim landed on the 305th spot, followed by Lulu Group founder M.A. Citizenship: United Arab Emirates. Majid Al Futtaim is a multi billionaire, And also recognise has the one of the richest in Dubai. Majid Al Futtaim Net Worth: $3.5 Billion. Majid Al Futtaim has a net worth of $3.3 billion and ranked 590 on Forbes' world billionaires list 2020. Majid Al Futtaim is one of the largest company in UAE, an Emirati holding company established in 1992 founded by Mr Majid Al Futtaim. His wealth is valued at $113 billion. ... Abdullah Al Futtaim Chairman of the Al-Futtaim Group, one of the largest Emirati family businesses. nonfamily members work his eponymous holding organization, which works malls and Carrefour hypermarkets over the Middle East, North Africa, and Central Asia. ... 09 Nov 2020. 7. Majid Al Futtaim Group. Majid Al Futtaim Majid owns a company by the name Majid Al Futtaim Holding which operates 12 hotels and 21 malls, including Mall of the Emirates in Dubai and the Mall of Egypt in Cairo. A 21.9% drop from $6.4 billion last year. 8. His wealth is known to have originated from his company named Majid Al Futtaim Holding (MAF). The company raised two Green Sukuks worth $1.2 billion, with the first issuance in May becoming the world’s first benchmark-size corporate bond of its kind. 3 Bernard Arnault (France) – $74.6B ... businessman, and a variety of business network operators. Image credit: Al-Futtaim Group. The company’s net worth is 3.6 billion USD in 2020, as per the reports. The net worth in 2020 is $3.3 billion. UAE-headquartered family-owned business conglomerate Majid Al Futtaim said its Carrefour-branded chain of stores in Jordan would be solar-powered by 2020, with the company awarding a contract to Yellow Door Energy for the scheme. 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