The Top-Listed Richest UAE Businessmen
United Arab Emirates is one of the richest and economically stable country that also holds some of the richest billionaires in the whole world that makes their businesses a testimonial indicator of how they have managed to succeed and made themselves among the richest.
Despite the rise and fall of business profits and decrease in assets, these billionaires still have managed to maintain being on the list of the richest people in the whole world. From the latest survey conducted by Forbes in 2018 about the richest billionaires there are seven businessmen in the United Arab Emirates that are listed among the billionaires in the whole world and this changes every year. So far from last year’s list two of them here are new and are now included in this year’s list than other five are racing against each other on the list among the seven.
This is rated according to their net worth through the increase in their financial and business and other mega assets ranging from malls, banks and other financial institutions as well as hospitals. From the statistics it was noted that some of the assets that are managed or owned by these businessmen have declined especially in automobile and banking for the past year, while those that invested in healthcare, properties, and money exchange have increased their assets or have maintained stably in their profits.
Among the seven of UAE’s’ richest billionaire that made it to the top is Abdulla bin Ahmad Al Ghurair with a net worth of $5.9 billion and engaging in diversified businesses where he was second as of last year with a net worth of $6.8 billion. Abdulla Al Ghurair who is on real estate and retail business ranked second from last year’s first spot with a net worth of $4.6 billion as compared to his last years net worth of $10.6 billion. With a net worth of $3.3 billion and in auto dealership and other investments, Abdulla Al Futtaim maintained his third spot on the ranking despite the decrease of his net worth from last years $4.1 billion. Some non-resident Indians doing business in the United Arab Emirates have also made it to the ranking as among the richest businessmen in the country that have competed among the many.
It is not a surprise that these people have great influence in the business industry especially in UAE, and their success stories can be found in many storylines especially with Forbes as they have been constantly taking the world in awe with their continued success that brought them to be one of the richest billionaires in the whole world. It is actually an interesting read to know more about these popular people in the industry.