Day’s ability to manage high-street brands and create value through acquisitions has made him a respected figure in the retail industry. His net worth of $1.2 billion places him among Dubai’s wealthiest individuals. Mr. Philip Day, a British billionaire, is the founder and chairman of the retail conglomerate Edinburgh Woollen, organised into various brands such as Jaeger, Austin Reade, Peacocks and many others. While Day was making his riches in the UK, he has invested heavily in the region via the retailing business in Dubai. His employment with the Edinburgh Woollen Mill has implied some success in Europe, the Middle East and other areas. Abdulla Al Futtaim is the chairman of the Al Futtaim Group, which has business interests in automotive, furniture, property, retail & electronics.

He has achieved success through investments in industry-leading companies and by creating innovative business models. Majid Al Futtaim’s advice to others is to think big and take calculated risks. Yussuf Ali is the founder and chairman of Emke Group, a company that operates in multiple industries including retail, hospitality, healthcare and real estate. He has achieved success by diversifying his investments across different sectors and by staying ahead of the competition.

Richest People in Dubai

• Some popular brands of the Allan group are Al Baker, London Dairy, Noor, Tiffany, Rahma, Khaleej, and Igloo, etc.
• Yusuffali’s expansion of Lulu Hypermarket into a dominant retail force has been key to his success, with stores in countries including Saudi Arabia, Kuwait, and India.
• Majid Al Futtaim’s advice to others is to think big and take calculated risks.
• With a net worth of $1.7 billion, Saif Al Ghurair is a key figure in Dubai’s corporate world, with a legacy that spans across several industries.

He is a member of the Seventh Parliament of the Fourth Republic of Ghana, representing Tamale South. He has held various positions in government, including Minister for Communications and Minister for Trade between 2013 and 2014. He is a former Chief Executive Officer of Ghana National Petroleum Corporation. He is the former CEO of the National Petroleum Authority, and his net worth is $282 million.

If you guys are looking for wealth, then Dubai is a good place to start your business. It may seem like a small city but there are more than 3,302,000 residents living in Dubai. It is the city with the most innovative and luxurious development. In this city, you will get various opportunities to start small businesses. M.A Yusuff is also an Indian billionaire in Dubai with a net worth of $3.7 billion in 2023.

Thaksin Shinawatra is a businessman, politician, and academic from Thailand. He founded Advanced Info Services and Shin Corporation, transforming Thailand’s telecommunications sector. Shinawatra served as Thailand’s Prime Minister from 2001 to 2006, but his tenure was overshadowed by corruption allegations, leading to his ousting and exile in 2008. Despite the controversies, he remains an influential figure in Thailand’s economy and society. This company has a large product line in oils and frozen foods and some of its services specialize in business. Its some recognized brands include The London Dairy, Al Baker, Tiffany, Noor, Khaleej, Igloo, Rahma and among others.

BR Shetty

• Sunny Varkey is the founder of GEMS Education, one of the largest private school networks in the world.
• His businesses also include Al-Futtaim Motors, the exclusive distributor of Toyota, Lexus, and Hino in UAE, and the association with Al-Futtaim Trading, Real Estate and Retail arms.
• In this blog, we deliver a list of the top 10 richest people in Dubai.
• He is known for his tremendous investments that always bring profitable results.
• MA also the owner of the LULU Bolghatty international convention center on Bolghatty Island.

This commitment to social welfare has earned him significant recognition in the UAE and beyond.

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Yusuff Ali has a net worth of $ 6.6 billion and has spread Lulu Hypermarkets across many countries, making the group a giant in retailing. Sajwani’s philanthropy includes contributions to community development and educational initiatives, cementing his place as a key figure in Dubai’s luxury real estate market. His impact on the UAE economy is profound, with the Al Futtaim Group being one of the largest employers in the region.

Of the top 50 cities, only Shenzhen, Hangzhou and Dubai grew faster than the Bay Area between 2014 and 2024. Shenzhen came in 28th place, with 142 percent millionaire growth, and is now home to 50,800 millionaires. Meanwhile, Hangzhou ranked 35th globally, with 108 percent growth and 32,200 millionaires. Abdulla Futtaim is one of the richest men in Dubai with a net worth of $2.1 billion. He is the owner of the Al Futtaim group and controls the operation of a lot of business activities in the electronics, automotive, and IKEA stores in the United Arab Emirates. He is well-known for being one of the main distributors of Toyota and Lexus Vehicles.

B.R. Shetty is an Indian-born businessman who is counted among the top businessmen in Dubai. Divyank Turakhia, one of the billionaires in Dubai was born on January 29, 1982. He is an entrepreneur and investor of Indian origin, working extensively in technology and advertising. At 18, he co-founded Directi with brother Bhavin, who later founded multiple successful ventures, including Media.net, sold in 2016 for $900 million—one of the largest-ever ad-tech deals.

Entrepreneur of the Year Dubai 2025

His estimated net worth as of November 2024 is about $4.3 billion, making him one of the foremost business personalities in the UAE. Joy Alukkas, born on September 4, 1956, in Thrissur, Kerala, is chairman of Joyalukkas Group, the largest jewel retail chain. Coming from a family background as a jeweler, he started the brand in the year 2001 and has expanded the brand to more than 160 showrooms in 11 countries. His business prides itself before the court of customer service and quality production, while at the same time operating under Joyalukkas Exchange and Joyalukkas Lifestyle Developers.

There is no qualification for richest man in dubai the youngest billionaire in Ghana. The richest man in Ghana is Charles Ampofo with an estimated net worth of $1.46 billion. Salem Kalmoni started Kalmoni & Sons, a firm that grew and diversified in the Ghanaian motor industry. Dubai is home to 81,200 resident millionaires, including 237 centimillionaires and 20 billionaires, according to Henley & Partners’ latest World’s Wealthiest Cities Report 2025 ranking.

What are the best businesses in Dubai for Indians?

Jagtiani’s strategic expansion across the Middle East and India has solidified his position as one of Dubai’s wealthiest residents, with an estimated net worth of $3.1 billion. Ravi Pillai is the founder and chairman of RP Group, a diversified business that includes investments in hospitality, healthcare, education and real estate. He has achieved success by growing his businesses to be world leaders in their fields. His advice to others is to have an open mind and always look for new opportunities. Mohammed Khalaf Al Habtoor, one of the billionaires in Dubai was born on September 30, 1968. He is Vice Chairman and CEO of Al Habtoor Group, one of the leading Emirati conglomerates involved in hospitality, automotive, real estate, and education.

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Among all the rich men in Dubai, Sunny Varkey ranks seventh and is the wealthiest individual with a net worth of $2.6 billion. An Indian-born billionaire, he runs over 250 K-12 schools worldwide. Thaksin Shinawatra is the founder of Advanced Info Service which is a mobile phone operator company and the Shin Corporation which is an IT and telecommunications alliance-based company. The tax-haven status and free repatriation of all revenues attract foreign investments, whereas a glorious placement facilitates businesses to operate in over 3 billion markets.

Micky Jagtiani, with a net worth of $5.2 billion, is also an Indian billionaire residing in Dubai. He owned the Landmark Group, which specializes in retail, footwear, electronics, beauty products, and apparel. It attracts some of the richest individuals from around the world, who often consider it a second home. However, in this article, we will unfold the top 10 richest people in Dubai, UAE and their net worth.

Along with this, he is the CEO of Al-Futtaim Private Company LLC. The story of the richest man in Dubai is a captivating narrative of perseverance, entrepreneurship, and strategic investments. His journey commenced with visionary initiatives in diverse sectors, including real estate, technology, and finance.

With a net worth of $1.7 billion, Saif Al Ghurair is a key figure in Dubai’s corporate world, with a legacy that spans across several industries. His philanthropic initiatives focus on community development and improving living standards in the UAE. Best Startup Story listened to every voice and stood by it, no matter what their position because their stories need to be told.

St. Julian’s and Sliema in Malta, Lugano in Switzerland, and Latvia’s Riga & Jūrmala are all forecast to see 100 percent+ growth rates in their centi-millionaire populations by 2035. Explosive 100 percent+ growth is also forecast for Delhi and Bengaluru, signaling the maturation of India’s tech ecosystem and the emergence of a new generation of digital entrepreneurs. Similar trajectories are expected in fast-growing European centers like Warsaw and Athens, with the Greek capital being boosted by strong inward wealth migration. Los Angeles has now overtaken London to claim the 5th spot, pushing the U.K. Capital out of the Top 5 to 6th place with just 215,700 millionaires.