While there isn’t an official ranking released every year, here’s a list based on recent reports and estimates for the top 10 richest people in Dubai (as of 2023):
- Majid Al Futtaim: With a net worth estimated around $6.2 billion, Majid Al Futtaim is the richest person in Dubai. His business empire, Majid Al Futtaim Group, controls a vast network of shopping malls, hotels, and entertainment facilities across the Middle East and North Africa.
- Abdulla Bin Ahmad Al Ghurair: Estimated to have a net worth of $4.9 billion, Abdulla Bin Ahmad Al Ghurair is another prominent Emirati businessman. He is the former chairman of Mashreq Bank, one of the largest banks in Dubai.
- M.A. Yusuff Ali: An Indian-born businessman, M.A. Yusuff Ali has a net worth estimated at $3.7 billion. He is the chairman and managing director of Lulu Group International, a multinational retail conglomerate with a major presence in the Middle East.
- Micky Jagtiani: Another Indian-born billionaire in Dubai, Micky Jagtiani, has an estimated net worth of $3.1 billion. He is the chairman of Landmark Group, a retail and hospitality company that operates popular brands like Centrepoint and Babyshop.
- B.R. Shetty: Though facing some recent challenges, B.R. Shetty was previously estimated to have a net worth exceeding $3 billion. He is the founder of NMC Health, a leading healthcare provider in the region.
- Sunny Varkey: The founder of GEMS Education, a global network of schools, Sunny Varkey has an estimated net worth of around $2.8 billion.
- Abdulla Futtaim: Abdulla Futtaim, estimated to have a net worth of $2.5 billion, is another member of the prominent Al Futtaim family. He holds leadership positions within the Majid Al Futtaim Group.
- Hussain Sajwani: Hussain Sajwani, the founder and chairman of DAMAC Properties, a major real estate developer in Dubai, has an estimated net worth of around $2.4 billion.
- Mohammed Khalaf Al Habtoor: Mohammed Khalaf Al Habtoor, the chairman of Al Habtoor Group, a conglomerate involved in construction, hospitality, and automotive industries, has an estimated net worth of around $2.2 billion.
- Saif Al Ghurair: Saif Al Ghurair, a member of the Al Ghurair family, is involved in various businesses, including real estate and construction. His net worth is estimated to be over $1 billion.
Please note: Net worth estimations can vary depending on the source and methodology used.