The richest man in Dubai, a city renowned for its opulence, is a testament to the power of ambition and perseverance. Born into a humble family, he began his career as a simple shopkeeper, selling goods in the bustling local markets. His entrepreneurial spirit was evident from an early age, always seeking innovative ways to attract customers and expand his business. This humble beginning laid the foundation for his remarkable journey to the top of Dubai’s business elite.

As his reputation grew, so did his ventures. He ventured into real estate, a booming industry in Dubai, and quickly established himself as a force to be reckoned with. His ability to spot prime locations and transform them into luxurious properties was unparalleled. Word of his success spread, drawing the attention of international investors and further cementing his status as one of the most influential figures in Dubai’s real estate scene. His fame was not just limited to the business world; he became a symbol of inspiration for many aspiring entrepreneurs in the city, demonstrating that with hard work and dedication, anyone could rise from the bottom to the very top.

Current Net Worth of the Richest Man in Dubai (2025)

The richest man in Dubai, as of 2025, is believed to have an estimated net worth of around $14.6 billion, according to Forbes. This figure is subject to fluctuations due to market conditions and other factors.

Career

The richest man in Dubai built his fortune through various business ventures. He started his career in the early 1980s, founding a construction company that later diversified into real estate, hospitality, and retail. Today, his business empire spans multiple industries and continents.

Other Ventures

Beyond his core businesses, the richest man in Dubai has invested in various other ventures. These include technology startups, healthcare facilities, and even a stake in a professional sports team. He is also known for his philanthropic efforts, supporting education, healthcare, and community development initiatives.

Assets

The richest man in Dubai’s assets include stakes in several high-profile companies, extensive real estate holdings, and a private art collection. His most valuable asset is his majority stake in one of the largest conglomerates in the Middle East. He also owns luxury properties in Dubai, London, and New York.

Annual Income

The richest man in Dubai’s annual income is estimated to be around $1.2 billion, according to Forbes. This figure is derived from his various business ventures and investments. However, this figure can vary significantly from year to year based on market conditions and other factors.

Frequently Asked Questions about  Richest Man In Dubai

**Frequently Asked Questions: Richest Man In Dubai Net Worth**

1. Who is the richest man in Dubai?

The richest man in Dubai is Majid Al Futtaim, a UAE-based businessman and the founder of the Majid Al Futtaim Group.

2. What is the net worth of the richest man in Dubai?

The latest estimated net worth of Majid Al Futtaim is $10.6 billion.

3. How did Majid Al Futtaim become the richest man in Dubai?

Majid Al Futtaim started his career as a cashier at Carrefour in 1973 and later bought the franchise rights for the Middle East, North Africa, and Central Asia. He expanded his business into shopping malls, retail, and leisure, making him the wealthiest person in Dubai.

4. What is the Majid Al Futtaim Group involved in?

The Majid Al Futtaim Group is involved in retail (through Carrefour), shopping malls, leisure and entertainment (like VOX Cinemas and Magic Planet), and finance. They operate in 15 countries across the Middle East, Africa, and Asia.

5. Who is the second richest person in Dubai?

The second richest person in Dubai is Abdulla Al Ghurair, with an estimated net worth of $6.8 billion. He is the founder and chairman of the Abdulla Al Ghurair Group, which operates in real estate, retail, and finance.

6. How many billionaires are there in Dubai?

As of 2021, there are approximately 20 billionaires in Dubai, according to Forbes.

7. What is the wealthiest family in Dubai?

The Al Maktoums, the ruling family of Dubai, is considered the wealthiest family in the emirate. However, their net worth is not publicly disclosed.

8. How does the net worth of the richest man in Dubai compare to the world’s wealthiest person?

As of 2021, Elon Musk is the world’s wealthiest person, with an estimated net worth of $211 billion. Majid Al Futtaim’s net worth is significantly lower, at $10.6 billion.

9. What is the average net worth of a person in Dubai?

The average net worth of a person in Dubai is not publicly available. However, Dubai has one of the highest concentrations of wealth in the world, with many high-net-worth individuals and families residing there.

10. How does the net worth of the richest man in Dubai compare to the GDP of Dubai?

Dubai’s GDP was estimated at $108.3 billion in 2020. Majid Al Futtaim’s net worth of $10.6 billion is a small fraction of Dubai’s GDP.