The Richest People in the United Arab Emirates 2015

Top Billionaires in the UAE: The United Arab Emirates (UAE) is well-known for its advanced and developed infrastructure. It is a global business center. Here are the richest people in the United Arab Emirates as of 2015, according to Forbes.

4) Abdulla Al Futtaim (Net worth: $3.2 billion)

Based in Dubai, Abdulla Al Futtaim is the owner of Al Futtaim Group. Currently the business is run by his son Omar. The Al Futtaim Group is the exclusive distributor of Honda and Toyota in the UAE. It also sells Toyota vehicles in Egypt. The Group owns the franchises for Ikea, Marks & Spencer and Toys “R” Us.

3) Saif Al Ghurair (Forbes ranking: 512; Net worth: $3.4 billion)

Saif Al Ghurair and his billionaire brother Abdulla are scions of an old Dubai merchant family. Saif Al Ghurair is the former chairman of their family holding company Al Ghurair Group, which has interests in steel, banking and plastics. Saif is a major shareholder in Mashreq, a reputed financial institution in the UAE.

2) Majid Al Futtaim (230; Net worth: $6.2 billion)

Eponymous holding company of Majid Al Futtaim is run by non-family members. The company operates malls and Carrefour hypermarkets across Middle East, North Africa and Central Asia. This transparent conglomerate raises capital in the financial markets and publishes its financials.

1) Abdulla bin Ahmad Al Ghurair (Net worth: $6.4 billion)

Abdulla bin Ahmad Al Ghurair founded the Mashreq Bank in 1967. It is a leading financial institution in the United Arab Emirates. He is the chairman of the bank and his son Abdul Aziz is the CEO. Abdulla and his brother Saif are scions of a prominent UAE business family.

These billionaires are not only super rich, but also very powerful in the UAE. They wield huge influence in the region.