Although the number of largest businesses is owned by royal families, the richest man in Dubai is not part of the royal background. By 2020, there are 24 billionaires in UAE with two young entrepreneurs. Among the richest, 17 are foreign nationals and residents of the United Arab Emirates. Sunny Varkey is the 6th top in the list of richest persons in Dubai. Abdulla Bin Ahmad Al Ghurair is the second wealthiest person in Dubai after Majid Al Futtaim. Abdulla Bin Ahmad Al Ghurair has a net worth of $4.9 billion as of 2023.

Ramchand Udharam Mohinani’s family – $580 million

Being the owner of the Al Futtaim Group, he controls the operations of a lot of business activities in the electronics, automotive, and IKEA stores in the UAE. He is famous for being one of the main distributors of Toyota and Lexus vehicles all over the UAE. After shifting to the UAE in 1973 and starting a shop for baby products, he has come a long way. Now, he is one of the richest people of Dubai, with a net worth of $4.8 Billion. His wife Renuka Jagtiani is now the CEO of Landmark Group, operating in the entertainment and retail industries.

• After earning lots of success and money, he would push the Ravin Pillai Group to the top, with his total worth being $3.3 Billion.
• Micky Jagtiani is known for its remarkable Landmark retail stores.
• Pavel Durov is a Russian entrepreneur who founded the social media platform VKontakte (VK), often referred to as the “Russian Facebook,” and Telegram, the highly popular encrypted messaging app.
• He is the founder and head of various companies like NMC Healthcare and BR life.

Abdullah Al Futtaim

Nowadays, he is counted among the top richest persons in Dubai. He got a lot of success and money in his business and he would push the Ravi Pillai Group to the top. According to the richest person list, Ravi Pillai was ranked as one of the 529 richest people around the world and 3rd in Dubai. The richest people in Dubai include influential business leaders, entrepreneurs, and royal family members, with wealth from sectors like real estate, technology, and finance. Saeed Bin Butti Al Qebaisi is a famous Emirati businessman and chairman of Centurion Investments, a private equity firm in Abu Dhabi. With a diverse range of interests spanning healthcare, money exchange, and retail, he has been director of the boards of NMC Health Plc and Tasameem Real Estate Co.

Pavel Durov

Vayalil’s net worth stands at $2.6 billion as of 2023 making him one of the richest man in Dubai. There, he founded Nasser S. Al Hajri Corporation (NSH) which thereafter became the flagship of RP Group. As of 2023, Forbes calculated his net worth at $3.5 billion, pegging him as one of the top business personalities in the Middle East.

The formal establishment of GEMS Education was in 2000, offering varying curricula with a worldwide scope. He is also the chairman of the Varkey Group and has established the Varkey Foundation for improving education across the globe. Abdulla Bin Ahmad Al Ghurair is one of the most influential Emirati businessmen, specializing in the financial sector. He is the founder of Mashreq Bank, an independent recently created bank in the UAE and has contributed towards the financial development of the country.

Abdullah bin Ahmad Al Ghurair is the founder of one of the leading banks in the United Arab Emirates, Mashreqbank. His wealth can be easily estimated by the standard of the bank. He acts as the chairman meanwhile his son, Abdul Aziz holds the position of CEO. He is known for his tremendous investments that always bring profitable results. He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates.

He has transformed the RP Group to be among the most influential business entities in our environment. Shetty has invested in the emirate as a pioneer of NMC Health, a large healthcare conglomerate, and as the benefactor behind UAE Exchange, a reputed money transfer service. Shetty healthcare and finance tycoon with a net worth of $3.5 billion has put the Middle East, especially Dubai, to know him. Some of his donations include those to medical and social welfare causes.

He has accumulated a net worth of $500 million through the company. Papa Kwesi Nduom is a business consultant, politician, and founding member of Ghana’s Progressive People’s Party. He is the president and CEO of Groupe Nduom, a business group with operations in Ghana, Liberia, Togo and America.

• He also owned several shopping malls such as the Malls of the Emirates, retail stores, and even the Al Mouj Muscat Community.
• In fact, France boasts the most cities and towns on this year’s World’s Most Expensive Cities list followed by the U.S., while Switzerland and Italy each have two on the latest ranking.
• His impact on the UAE economy is profound, with the Al Futtaim Group being one of the largest employers in the region.
• Abdulla Bin Ahmad Al Ghurair is a prominent Emirati businessman and philanthropist with a fortune estimated at $4.9 billion.

Abdulla bin Ahmed AL Ghurair

Vayalil began his career as a radiologist at Sheikh Khalifa Medical City in Abu Dhabi. In 2007 he opened his first hospital, the LLH Hospital, in Abu Dhabi. In the following twelve years, his company VPS Healthcare would inaugurate 20 hospitals in three countries. Currently, there are over 23 medical centers run by VPS Healthcare, with almost 13,000 employees across the Middle East.

Pavel Durov, born on October 10, 1984, in Leningrad (now Saint Petersburg), Russia, founded VKontakte (VK) and Telegram. After launching VK in 2006 and making it Russia’s largest social network, he faced legal challenges for refusing to comply with government data requests, leading to his departure from Russia. Dubai is renowned for its cutting-edge and luxurious development. The city’s unique architecture and modern innovations clearly reflect its status. Dubai ranks as the second most expensive city in the Middle East and 20th across the globe. Despite its relatively small size, the city is home to over 3.3 million people.

This Middle East wealth shift reflects the region’s strategic pivot towards becoming global financial centers, combined with zero income and capital gains taxes. Sunny Varkey is the founder and chairman of GEMS Education, the largest private education provider in the world. He has achieved success by providing quality education to students all over the world. His advice to others is to never give up on their dreams and always strive for excellence. The report highlights Dubai’s continued rise as a leading global hub for investment, business, and high-net-worth individuals, cementing its status as a premier destination for wealth and prosperity.

Starting humbly as a management trainee in 1978, he grew and led the group through major developments and into involvement with big projects throughout the UAE. Besides his industrial ventures, he has made tremendous contributions to sports in the UAE, serving since 2010 as the chairman of Al Ahli Club and Al Ahli Football Company. Forbes estimates that in February 2025, he had a net worth of $1.5 billion and he is one of the richest men in Dubai. Sunny Varkey, born April 9, 1957, in Kerala, India) is a Dubai-based entrepreneur and philanthropist. He is the founder and executive chairman of GEMS Education, the largest private K-12 school operator in the world. He was raised by teacher parents who moved to Dubai in 1959; after spending some time in banking, trading, and health care, he began to develop his family school.

His innovative approach to digital communication has attracted millions of users worldwide. Durov’s wealth continues to grow as the platform’s user base expands, and as Telegram diversifies its services beyond messaging into payment systems and media. From 2001 to 2007, he was the Minister for Defence under his brother’s presidency. He is a politician who served as President of Ghana from 24th July 2012 to 7th January 2017.

Dubai recorded a 102 percent growth in the number of millionaires between 2014 and 2024, ranking this year the 18th city on the list of the Top 50 Cities for Millionaires. Micky Jagtiani is the founder and chairman of Landmark Group, a business that owns multiple retail stores across the Middle East. He has achieved success by diversifying his holdings and keeping up with industry trends. His advice to others is to stay focused on your goals, think long term and never underestimate your competition. Dubai is one of the well-known cities in the world for business and tourist destinations.

Owning a home is a keystone of richest man in dubai wealth… both financial affluence and emotional security. Despite facing legal issues, including an arrest in Paris in August 2024, Durov remains a key figure in the tech industry, advocating for user rights and digital freedom. She is an American makeup artist, beauty blogger, and entrepreneur and is also the founder of the cosmetics line Huda Beauty. In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular woman in the world.

Micky Jagtiani was also an Indian billionaire in Dubai with a net worth of $ 3.1 billion. He was the owner of Landmark Group which is involved in the business of retail of footwear, consumer electronics, beauty products and apparel. We all strive to become rich, wealthy to live the life we have ever dreamt of.

After earning lots of success and money, he would push the Ravin Pillai Group to the top, with his total worth being $3.3 Billion. In recent years, Indian-based businessman has improved the rankings tremendously. Yussuf Ali created LuLu Group International to manage a chain of retail online businesses all over the UAE. Under the leadership of Yussuf Ali, it has now expanded to the logistics and food processing departments as well. With a net worth of $6.9 Billion, Yussuf is also a philanthropist, proved by his immense contribution of $2.6 Million to survivors of the Karnataka Floods of 2018.