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.
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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