Dubai Richest Man Net Worth (Updated 2026).

In the bustling city of Dubai, one name stands out among the many successful entrepreneurs – Majid Al Futtaim. Born into a family of entrepreneurs, Al Futtaim’s journey began at a young age, learning the ropes of business from his father, who owned a small trading company. He started his career in the family business, but his ambition and vision were far greater than the small-scale operations he was accustomed to.

Al Futtaim’s big break came in the early 1990s when he saw the potential in the fledgling retail sector of the Middle East. With a bold move, he secured the franchise rights for Carrefour, the French hypermarket chain, in the UAE. This was just the beginning of his empire. He quickly expanded the business, opening stores across the region and transforming the way people shopped in the Middle East. His innovative approach to retail, coupled with his understanding of the local market, catapulted him to fame and fortune.

Dubai’s Richest Man’s Current Net Worth (2025)

As of 2025, Dubai’s richest man, Majid Al Futtaim, has an estimated net worth of $10.6 billion, according to Forbes. This significant wealth is largely attributed to his successful business ventures in the retail and real estate sectors.

Career

Majid Al Futtaim, a UAE-based billionaire, is the founder and chairman of the Majid Al Futtaim Group. He started his career in the 1970s, working in his family’s business, which was involved in trading and construction. In 1992, he established his own company, Majid Al Futtaim Ventures, which later evolved into the Majid Al Futtaim Group. Today, the group operates in 17 countries and employs over 43,000 people.

Other Ventures

Majid Al Futtaim’s business interests are diverse and expansive. Apart from his retail and real estate ventures, he has also invested in the leisure and entertainment sector. He is the majority owner of the Dubai-based cinema chain, VOX Cinemas, and the indoor snow park, Ski Dubai. Additionally, he has interests in the hospitality industry, with several hotels under his group’s portfolio.

Assets

Majid Al Futtaim’s assets are predominantly concentrated in the Middle East and North Africa (MENA) region. His retail portfolio includes over 300 stores across 17 countries, while his real estate portfolio consists of over 20 shopping malls and several residential and commercial properties. His personal residence, a luxurious villa in Dubai, is one of his most notable assets.

Annual Income

Majid Al Futtaim’s annual income is estimated to be around $1.2 billion, as per Forbes’ calculations. This significant income is a result of his diverse business interests and the success of his group’s various ventures. However, it’s important to note that this figure can fluctuate annually based on the performance of his businesses.

Frequently Asked Questions about  Dubai Richest Man

Frequently Asked Questions

1. Who is the richest man in Dubai?

The richest man in Dubai is currently Majid Al Futtaim.

2. What is Majid Al Futtaim’s net worth?

Majid Al Futtaim’s net worth is estimated to be around $10.6 billion.

3. How did Majid Al Futtaim become so wealthy?

Majid Al Futtaim made his fortune through his diversified business conglomerate, which includes shopping malls, retail, and cinema operations across the Middle East, Asia, and Africa.

4. What is Majid Al Futtaim’s most notable achievement?

Majid Al Futtaim’s most notable achievement is the creation of the Mall of the Emirates, one of the largest shopping malls in the world, which includes an indoor ski resort.

5. How many companies does Majid Al Futtaim own?

Majid Al Futtaim owns and operates over 250 companies across 25 countries.

6. Is Majid Al Futtaim a member of Dubai’s royal family?

No, Majid Al Futtaim is not a member of Dubai’s royal family. He is a self-made billionaire.

7. What is the primary source of Majid Al Futtaim’s wealth?

The primary source of Majid Al Futtaim’s wealth is his shopping mall and retail businesses.

8. How many people does Majid Al Futtaim employ?

Majid Al Futtaim employs over 43,000 people across its operations.

9. What is Majid Al Futtaim’s philanthropic work like?

Majid Al Futtaim is involved in various philanthropic initiatives, including education, health, and community development. He has established the Majid Al Futtaim Foundation to support these causes.

10. How does Majid Al Futtaim rank among the world’s wealthiest people?

According to Forbes, Majid Al Futtaim is ranked among the top 200 wealthiest people in the world.