Dubai's Most Elite: Richest People in the UAE

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Dubai is the home for some of the richest people in the world. In fact, 10 of Dubai and UAE's residents made it in the recent Forbes' Billionaires List 2015 (there are only 1,826 Billionaires in the world and 290 are newcomers of this list including Michael Jordan) with a combined net worth of a $34.1 Billion US Dollars or around AED 125 Billion Dirhams.

Among the 10 UAE Billionaires 4 are Emiratis and 6 are Indians who are residing in the UAE.

Number 10: Azad Moopen with a net worth of $1.1 Billion Dollars which ranked him no.1638 in the Elite Billionaire's list

Azad Moopen was born 15 April 1953 in Kalpakancheri, Kerala is an Indian physician and philanthropist, and a developer of healthcare facilities in Asia-Pacific. He is the chairman and managing director of Aster DM Healthcare, a healthcare conglomerates in the Middle East and India founded in 1987.

Number 9: BR Shetty with a net worth of $1.7 Billion Dollars which ranked him at no.1118 in the Billionaire's list.

Bavaguthu Raghuram Shetty , better known as B R Shetty, also from India is the Chief Executive Officer & Managing Director of the Abu Dhabi based New Medical Centre Group of Companies and UAE Exchange.

Number 8: Sunny Varkey with a net worth of $2 Billion Dollars (AED 7.3 Billion Dirhams)  and ranked 949 worldwide.

Sunny Varkey was born in 1957 in Kerala, India and based in Dubai owns GEMS Education, which is the world leading kindergarten to grade 12 institution with over 130 schools in over 12 countries.

Number 7: Ravi Pillai that has a total net worth of $2.4 Billion Dollars (AED 8.76 Billion Dirhams) and ranked 782 globally.

Ravi Pillai is also an Indian businessman based in the UAE and is the head of RP Group of Companies that ventures in the Healthcare, Construction, Travel and Tourism, and Healthcare.

Number 6: M.A. Yusuff Ali with a net worth of $2.5 Billion Dollars (AED 9.125 Billion Dirhams) and ranked 737 globally in the the World's Most Elite.

M.A. Yusuff Ali is another Indian entrepreneur based in Abu Dhabi, UAE and is the Managing Director of Lulu Group of Companies that owns all the Lulu Hypermarkets in the Middle East. With an annual turnover of US$ 4.5 billion globally, the Group employs the largest number of Indians outside India. According to the recent Forbes Listing, Yusuff Ali is currently the 39th wealthiest Indian and the 974th richest in the world, with a personal wealth of $2.9 billion (source wikipedia).

Number 5: Abdula Al Futtaim, having assets worth $3.2 Billion Dollars (AED 11.68 Billion Dirhams) and ranked no.557 in the world.

The first Emirati on the list at number 5 is Abdula Al Futtaim which is the chairman of Al-Futtaim Group which is well known for ventures in the automobile industry. Al Futtaim Group is the exclusive distributor of Toyota and Honda in the UAE and his assets also includes IKEA, Toys R US, and Marks and Spencer aside from his shopping malls such as Dubai Festival City.

Number 4: Saif Al Ghurair with a net worth of $3.4 Billion Dollars (AED 12.41 Billion Dirhams) and ranks no.512 in the Billionaire's List.

Brother of the richest man in the UAE, Saif Al Ghurair is the CEO of Al Ghurair Group, which owns real estates and different manufacturing sectors including the now being renovated Al Ghurair Centre.

Number 3: Micky Jagtiani having a massive worth of $5.2 Billion Dollars (AED 18.98 Billion Dirhams) and is ranked 291st in the World's Richest People according to Forbes.

Mukesh Jagtiani a.k.a Micky Jagtiani was born August 15, 1952 is the richest Indian businessman, based in the UAE who owns the Dubai-based Landmark retail-stores group. The group is mainly dealing in the retail industry, apparel, footwear, consumer electronics, and baby products.Some of the known brands of Landmark Group are Babyshop, E-Max, Splash, Fitness First and Centrepoint.

Number 2: Majid Al Futtaim having total assets worth $6.2 Billion Dollars (AED 22.63 Billion Dirhams) and ranked 230th in the World's Most Elite People.

Majid Al Futtaim owns Majid Al Futtaim Group (MAF) which is a holding company based in Dubai that owns shopping malls, properties, retail, healthcare, and leisure establishments in the Middle East and North Africa (MENA) region. Majid Al Futtaim Group has 3 major subsidiaries: Majid Al Futtaim Properties, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures.

MAF Group is well known for its City Centre Shopping Malls, Mall of Emirates, City Centre Clinic (new venture of MAF), Kempinski Hotel, Pullman Hotel, Carrefour, and other leisure entertainments such as Ski Dubai, iFly, VOX Cinemas, and Magic Planet. 

Number 1: Abdulla bin Ahmad Al Ghurair and Family having a total net worth of a not so shabby $6.4 Billion Dollars and ranked 220th in the Forbes Billionaires List of 2015.

Number 1 on the list is Abdulla bin Ahmad Al Ghurair and family is the founder of Mashreq Bank, one of the country's leading banks. Ahmad Al Ghurair is the the chairman of Al Ghurair Group which main lines of businesses are in the manufacturing, real estate, and investments industries. It's manufacturing business includes, petrochemicals, aluminum and steel, and packaging.

So that's it for the list of the most elite people in Dubai and the whole UAE, for more interesting read you can check out: Amazing Cars of Rich People in Dubai!