2017 billionaires’ list: Meet the richest people in UAE

In this year’s rankings released by Forbes, at least five UAE residents made it to the top five list and their combined fortunes ballooned to $27.3 billion as of March, up from $18.4 billion in 2016. Aggregate wealth surged further to $29.16 billion as of October 3, according to Forbes’ real time data.

1. Majid Al Futaim
Real time net worth: $11.4 billion (as of October 3)
Who is he: Majid Al Futtaim owns the Dubai-based holding company that operates shopping malls, as well as retail and leisure establishments. Some of his popular businesses include mall of the Emirates, which has an indoor ski slope and Carrefour hypermarkets.
2. Abdulla Bin Ahmad Al Gurair
Real time net worth: $7 billion (as of October 3)

Who is he:  The father of another Emirati billionaire,  Abdul Aziz Al Ghurair who runs Mashreq bank, Abdulla Al Ghurair has recently pledged to set aside a third of his assets to a foundation that focuses on education programmes.

3. Abdulla Al Futtaim

Real time net worth:  $4 billion (as of October 3)

Who is he: Abdulla Al Futtaim is the owner of Al Futtaim Group, a huge conglomerate that sells Toyota and Honda vehicles in the country. His portfolio also includes popular franchises for global brands like Ikea, Marks & Spencer and Toys “R” Us.

Source Credit: Khaleej Times
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