At No. 2 in the UAE is Majid Al Futtaim, ranked #230
globally (#338 last year) and with a personal net worth of $6.2bn
(Dh22.77bn). Majid Al Futtaim’s wealth estimate too has improved by more
than Dh5bn in one year, up from $4.5bn (Dh16.5bn) last year.
Majid Al Futtaim
“Majid Al Futtaim is the brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls and Carrefour hypermarkets across the Middle East, North Africa, and Central Asia.
"Michael Rake, the chairman of British telecom company BT Group, is chairman. Although privately held by Majid, it is the most transparent conglomerate in the UAE, raising capital on the financial markets and publishing its financials,” states his Forbes profile.
Majid Al Futtaim“Majid Al Futtaim is the brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls and Carrefour hypermarkets across the Middle East, North Africa, and Central Asia.
"Michael Rake, the chairman of British telecom company BT Group, is chairman. Although privately held by Majid, it is the most transparent conglomerate in the UAE, raising capital on the financial markets and publishing its financials,” states his Forbes profile.
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