Richest People in Dubai: Top 10 Richest Man in UAE 2023
Dubai is one of the most well known and prosperous cities in the world. It has drawn some of the world’s wealthiest residents, making it a notably prosperous metropolis.
Many wealthy individuals have made Dubai their home as more people travel to the city for its beauty, fantastic weather, business prospects, and tax-free lifestyle.
This post will go through the top ten richest people in Dubai in 2023. We’ll look at their estimated net worth and how they made their fortunes. Read on to learn more about these fascinating individuals who are reshaping Dubai into an even greater destination for wealth and success!
Here’s a list of the top 10 richest people in Dubai as of 2023 based on their estimated net worth:
1. Pavel Durov – $11 billion
Pavel Durov is the founder of Telegram, a popular messaging service. He is estimated to have a net worth of $11 billion and owns over 70% of the company’s shares. He has also invested in other tech companies like SpaceX, Pinterest, and OculusVR which have made him one of the richest people in Dubai.
2. M.A Yusuff Ali – $5.2 billion
Yusuffali M.A. is the owner and managing director of Lulu Group, one of the Middle East’s leading retail chains. He is also a successful entrepreneur and investor, and his estimated net worth of $5.2 billion places him among Dubai’s wealthiest people.
3. Micky Jagtiani – $5 billion
The Indian-origin billionaire Micky Jagtiani has made his fortune through retail business and he stands at third position among the richest men in Dubai for 2023 with an estimated net worth of $5 billion.
4. Hussain Sajwani – $4.2 billion
Dubai’s real estate mogul, Hussain Sajwani stands at the fourth position in the list of the top 10 richest people of Dubai in 2023. He is the founder and Chairman of DAMAC Properties and this makes him one of the wealthiest individuals in UAE. His wealth is estimated to be around $4.2 Billion in 2023 thanks to his smart investments across different industries like hospitality, property development, leisure, and financial services.
5. Mohammed Al-Maktoum – $4 billion
Mohammed Al-Maktoum, the crown prince of Dubai is one of the world’s wealthiest persons. He has access to a vast portfolio of investments as the ruler of Dubai, which has made him extremely wealthy. His net worth is estimated to be approximately $4 billion.
6. Ravi Pillai – $3.2 billion
The Indian origin billionaire, Ravi Pillai stands in 6th position in the list of the top 10 richest people in Dubai for 2023. His wealth is estimated to be around $3.2 billion thanks to his smart investments across different industries like construction and hospitality.
7. Abdulla bin Ahmad Al Ghurair – $3.1 billion
Abdulla Bin Ahmad Al Ghurair is the founder and chairman of Mashreq Bank, one of the Middle East’s largest financial organisations. He is believed to be worth $3.1 billion and owns over 80 businesses in the UAE, Europe, and the United States.
8. Sunny Varkey – $3 billion
Sunny Varkey is an Indian-born philanthropist and entrepreneur who acquired his fortune through the GEMS Education Group. He is expected to be worth around $3 billion in 2023 as a result of his investments in several businesses such as education, hotels, and healthcare.
9. BR Shetty – $2.6 billion
The Indian origin billionaire B R Shetty stands in ninth position in terms of wealth with an estimated net worth of $2.6 billion in 2023. He is the founder and Chairman of NMC Health, one of UAE’s largest healthcare providers, and has investments across different sectors like retail, hospitality, construction, and real estate.
10. Abdulla Futtaim – $2.4 billion
Abdulla Al Futtaim stands at the tenth position among the wealthiest individuals in Dubai with his estimated net worth of $2.4 billion back in 2023. He is the CEO of the Al Futtaim Group, which was created by his father, Majid Al Futtaim, and controls a variety of commercial operations in the Middle East region, including shopping malls, auto dealerships, and other businesses.
These are some of the wealthiest individuals in Dubai who have made their wealth through investments, business ventures, and oil companies. They attest to Dubai’s tremendous potential as an investment location and serve as an inspiration to many aspiring businesses throughout the world.
It truly is amazing to see how these people have helped shape this city into one of the most attractive destinations for successful business ideas. Dubai is one of the best places to be an entrepreneur or investor today!
Dubai is home to some of the wealthiest individuals in the world. In this article, we have featured 10 of the richest people in Dubai for 2023. These include Micky Jagtiani, Hussain Sajwani, Mohammed Al-Maktoum, Ravi Pillai, Abdulla bin Ahmad Al Ghurair, Sunny Varkey, BR Shetty, and Abdulla Futtaim.
All these people have made their wealth through smart investments and business ventures across different industries like hospitality, construction, property development, leisure, financial services, and healthcare.