Dubai’s Top 10 Richest Individuals

To live the life we have always imagined, we all aspire to be affluent and prosperous. But the process takes time; it’s not a quick trip. Every wealthy individual in the world today was once just like the rest of us. It could be hard effort, luck, or anything else. Rich individuals, as the aforementioned saying suggests, don’t spend their money to flaunt it right away; rather, they build riches over the course of a lifetime. Make luxury your standard before you spend money on it.

The top ten richest people in the world may be familiar to all of us. since the world is well aware of them. However, are we aware of Dubai’s top billionaires?

1. Majid Al Futtaim

With a net worth of $6.2 billion, Majid Al Futtaim is the richest person in Dubai, United Arab Emirates in 2023. He is Majid Al Futtaim Group’s chairman. This organization is the privately held business that makes investments in distribution of cars, entertainment, and real estate. For his services to entertainment, philanthropy, and development, he received numerous honors.

Honoured with the following awards is Majid Al Futtaim:

The Arabian Business Awards lifetime accomplishment
World Economic Forum’s Young Global Leader
The leader of the future, as recognized by Forbes Middle East, is the UAE President’s Order of Zayed Medal.

2. Abdulla Bin Ahmad Al Ghurair

After Majid Al Futtaim, Abdulla Bin Ahmad Al Ghurair is the second richest person in Dubai. He served as Mashreq, the Emirati Bank’s chairman. In 2019, he resigned from his position as the Bank’s chairman. One of the biggest banks in Dubai is Mashreq Bank. As of 2023, Abdulla Bin Ahmad Al Ghurair’s net worth was $4.9 billion. In the UAE, he has participated in numerous social welfare initiatives.

Awards that have been given to Abdulla Bin Ahmad Al Ghurair:

Sheikh Mohammed bin Rashid Al Maktoum Knowledge Award, a Clinton Global Citizen.
Abdulla Bin Ahmad Al Ghurair famous quotation

“Our positive impact on the world around us is the true measure of success, not wealth or status.”

3. Ravi Pillai

In Dubai in 2023, Ravi Pillai ranks third in terms of net worth, having amassed a sum of $4.2 billion. He is a Dubai-based billionaire Indian. India’s Kerala is where he was born. He established the RP group.

Honors/Recognition

GOI’s Pravasi Bharatiya Samman and Padma Shri recognition.

4. M.A Yusuff

With a projected net worth of $3.7 billion in 2023, M.A. Yusuff is another Indian billionaire residing in Dubai. He is the Lulu Group’s founder and chairman. The Lulu groups run a network of hypermarkets and retail stores. Over his life, he received numerous honors and recognition for his achievements.

Honors/Recognition

2009 Businessman of the Year Gold Medal from The Institute of Directors UK Lifetime Achievement Award at Indian CEO Awards
2012’s Arab Business Leader of the Year: Swiss Ambassador Award

5. Micky Jagtiani

Micky Jagtiani, who had a $3.1 billion net worth, was another Indian millionaire who lived in Dubai. He was the proprietor of Landmark Group, a company that sold clothing, consumer electronics, footwear, and cosmetics at retail.

He received numerous honors throughout his life.

6. B.R. Shetty

NMC Health, BRS Ventures, Neopharma, and Fnablr were founded and acquired by B.R. Shetty. With a net worth of $2.6 billion in 2023, he is the sixth richest person in Dubai. He joined the Given Pledge in 2018—a global initiative that sees the wealthiest individuals give half of their fortune to philanthropic causes.

7. Sunny Varkey

On the list of the richest people in Dubai, Sunny Varkey comes in at number six. He is the world’s most successful K–12 school operator. Another Indian-born billionaire residing in Dubai is Sunny Varkey. He runs more than 250 schools worldwide.

Honors and Acknowledgments

Asian Businessman of the Year: Outstanding, 2007.
CEO of the Year 2012 for Middle East Excellence.
2012 Education Industry Leader of the Year.

8. Abdulla Futtaim

Ranking seventh among the richest individuals in Dubai, Abdulla Futtaim has a net worth of $2.5 billion as of 2023. He is the proprietor of the Al Futtaim Group, a conglomerate engaged in real estate, insurance, and automobile operations.

9. Hussain Sajwani

With a $2.1 billion net worth, Hussain Sajwani is ranked ninth among Dubai’s wealthiest individuals. Hussain, the creator of DAMAC Properties, a real estate development firm. Hussain is ranked 962nd out of the world’s wealthiest people.

Honors/Recognition

Legend of Real Estate
Leader in the Real Estate Industry

10. Saif Al Ghurair

With a $1.7 billion net worth, Saif Al Ghurair is ranked 10th out of the 10 richest people in Dubai. He is the admin-ajax.php of the Al Ghurair Group, a UAE-based manufacturing and real estate company. Additionally, he has large holdings in UAE private banks.