Ranked at No. 5 among the UAE’s richest is Abdulla Al Futtaim (#557 globally, #687 last year), with his current wealth estimates at $3.2bn (Dh11.8bn), up from $2.5bn (Dh9.2bn) last year.
Abdulla Al Futtaim
“Abdulla Al Futtaim owns conglomerate Al Futtaim Group, which is run by his son Omar. It is the exclusive distributor of Toyota and Honda vehicles in the UAE, and sells Toyotas in Egypt. In addition to its automotive business, Al Futtaim owns the franchises for Ikea, Toys ‘R’ Us, and Marks & Spencer, which anchor its real estate projects, such as the urban community of Dubai Festival City, and the newly opened Cairo Festival City. Al Futtaim is the brother of Majid, also a billionaire,” his Forbes profile notes.
Abdulla Al Futtaim
“Abdulla Al Futtaim owns conglomerate Al Futtaim Group, which is run by his son Omar. It is the exclusive distributor of Toyota and Honda vehicles in the UAE, and sells Toyotas in Egypt. In addition to its automotive business, Al Futtaim owns the franchises for Ikea, Toys ‘R’ Us, and Marks & Spencer, which anchor its real estate projects, such as the urban community of Dubai Festival City, and the newly opened Cairo Festival City. Al Futtaim is the brother of Majid, also a billionaire,” his Forbes profile notes.
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