Top 10 Richest People in Dubai 2023

Most successful UAE’s businesses flock to Dubai, as a result the city has one of the world’s highest numbers of billionaires in a single city.

We have created a list for you, if you want to know who are the richest people in Dubai. Keep reading to find out the top 10 richest people in Dubai in 2023.

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1) Majid Al Futtaim (Majid Al Futtaim Holding)

People were astounded when Forbes put Majid Al Futtaim’s net wealth at $6.1 billion. Majid Al Futtaim has surpassed all of his competition to become the wealthiest man in Dubai today.

He is the founder & CEO of Majid Al Futtaim Holding (MAF), a multibillion-dollar entertainment and retail business he founded in 1992.

2) Abdulla Bin Ahmad Ghurair (Mashreqbank)

Abdul Aziz, the son of the former CEO of Mashreqbank, was clearly the rightful successor when he took over the leadership of the bank.

He has already amassed enough wealth to be regarded as one of Dubai’s wealthiest individuals, with a total wealth of $4.9 billion.

Abdulla Bin Ahmad Ghurair has built Mashreqbank into one of the UAE’s largest banks, with a reputation for being associated with the food plus property businesses.

3) Ravi Pillai (Ravin Pillai Group)

Perhaps no one would have predicted that this Kerala-born Indian entrepreneur would become one of Dubai’s wealthiest citizens.

He began his career as a local shopkeeper and went on to build the Nasser Al Hajri Corporation.

He would eventually become the richest man in the world, with a net worth of $4.2 billion, after establishing the Ravin Pillai Group.

4) Yussuf Ali (LuLu Group International)

Yussuf Ali, another Indian-based entrepreneur, founded LuLu Group International to run a chain of retail internet enterprises across the UAE.

It has now grown to the logistics plus food processing divisions as well, under the direction of Yussuf Ali. Yussuf, who has a net worth of $3.7 billion, is a philanthropist, as evidenced by his $2.6 million donation to flood survivors in Karnataka in 2018.

5) Micky Jagtiani (Landmark Group)

Micky Jagtiani previously worked as a London taxi driver. He’s come a long way since moving to the UAE in 1973 and opening a baby items shop.

His net worth is now $3.1 billion, making him one of Dubai’s wealthiest people. Mickey is the CEO of Landmark Group, a company that deals with entertainment and retail.

6) BR Shetty (NMC Healthcare & BR Life)

BR Shetty, an Indian-origin entrepreneur with a net worth of $2.6 billion, is another Indian-origin entrepreneur on this list.

He is the CEO of several companies, including NMC Healthcare & BR Life, and has extensive sway over the UAE’s healthcare & financial services sectors.

According to the Given Pledge, he proposed that the world’s wealthiest business people devote half of their money for humanitarian causes.

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7) Sunny Varkey

No one in the UAE has more sway over marketing education than Sunny Varkey. He has won numerous honors, including –

• Outstanding Asian Businessmen of the Year (2007)
• Education Business Leader of the Year (2012)

He has offered significant financial assistance in the establishment of schools and institutions around the world.

As a result, he became one of Dubai’s richest people in the country, with a net worth of $2.6 billion.

8) Abdulla Futtaim (Al Futtaim Group)

Abdulla Futtaim is one of Dubai’s wealthiest persons, with a net worth of $2.5 billion.

Being  the owner of the Al Futtaim Group, he is in charge of a variety of economic activities in the UAE, including electronics, automotive, as well as IKEA stores.

He is well-known in the UAE for being a major distributor of Toyota & Lexus vehicles.

9) Hussain Sajwani (DAMAC Properties)

Hussain Sajwani is one of Dubai’s wealthiest persons, with a net worth of $2.1 billion, after founding the venture DAMAC Properties in 2022.

Many other wealthy businessmen throughout the UAE reside in DAMAC-built properties and luxury bungalows, demonstrating the company’s reputation in Dubai.

10) Saif Al Ghurair (Al Ghurair Group)

Businesspeople in the UAE are well aware that the Al Ghurair Group is a major real easter company with roots in the manufacturing sector.

Saif Al Ghurair is Dubai’s 10th wealthiest person, with a net worth of $1.7 billion.