CEOWORLD magazine - Latest - Money and Wealth - Over 2,500 billionaires around the world – The 4 Emiratis on the list

Money and Wealth

Over 2,500 billionaires around the world – The 4 Emiratis on the list

Pavel Valeryevich Durov

The United Arab Emirates (UAE), a center of luxury and opulence, has developed into a hub for businesspeople worldwide. According to data from the CEOWORLD magazine’s executive council statistics division, the United Arab Emirates (UAE) is represented in the list of billionaires by Pavel Valeryevich Durov, Hussain Sajwani, Abdulla bin Ahmad Al Ghurair, and Abdulla Al Futtaim. These billionaires are some of the richest people in the world and are worth an estimated 21.7 billion dollars.

  1. Pavel Valeryevich Durov (net worth: US$11.5 billion)
    Pavel Durov, the founder of Telegram messenger, has retained his position as the richest entrepreneur in the UAE, with a net worth of $11.5 billion. Russian-born 38-year-old, who graduated from St. Petersburg University in 2006, founded the social media platform VKontakte. The Russian company amassed more than 100 million users under his direction.
  2. Hussain Sajwani (net worth: US$4.5 billion)
    Hussain Sajwani, with a net worth of $4.5 billion, stands in 2nd place as the top richest person in the United Arab Emirates (UAE). Hussain is the founder of the real estate development company DAMAC Properties.
  3. Abdulla bin Ahmad Al Ghurair (net worth: US$3.4 billion)
    Abdulla Bin Ahmad Al Ghurair is the third wealthiest person in the United Arab Emirates (UAE) after Pavel Durov and Hussain Sajwani. He was the Chairman of Mashreq, Emirati bank. He stepped down as the Chairman of the Bank back in 2019. Mashreq Bank is one of the largest banks in Dubai. Abdulla Bin Ahmad Al Ghurair has a net worth of $3.4 billion as of 2023. He has been part of many social welfare works in the UAE.
  4. Abdulla Al Futtaim (net worth: US$2.4 billion)
    Abdulla Al Futtaim is an Emirati billionaire businessman and owner of the Al-Futtaim Group. His son, Omar Al Futtaim, is vice chairman and CEO of Al Futtaim Group. In 1955, the group became the exclusive distributor in the U.A.E. of Toyota– and still has the distributorship today. Al Futtaim is also licensed to operate Hertz, Ikea, Toys (R) Us, and Marks and Spencer in the U.A.E. The retailers anchor their malls, which include Dubai Festival City, Dubai Festival Plaza, Doha Festival City, and Cairo Festival City. His cousin Majid Al Futtaim died in December 2021 and was also a billionaire.

Have you read?
Largest Hotel Chains in the World.
Best Residence by Investment Programs.
International Financial Centres Ranking.
Best Citizenship by Investment (CBI).
Most Valuable Unicorns in The World.

Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact:
CEOWORLD magazine - Latest - Money and Wealth - Over 2,500 billionaires around the world – The 4 Emiratis on the list
Sophie Ireland
SVP for News and Editorial Director. As CEOWORLD magazine's senior vice president for news and editorial director, Sophie Ireland oversees CEOWORLD magazine's journalism and journalists around the world and across platforms. She leads an award-winning team of journalists and newsroom executives who are committed to excellence, innovation and the highest quality reporting and storytelling. Follow her on Twitter, Facebook, Instagram, or connect on LinkedIn. Email her at