Buffett created the Giving Pledge with Bill Gates and Melinda French Gates in 2010, asking billionaires to commit to give away at least half their fortune to charitable groups. The group said it will spend $500 billion over four years to build AI infrastructure—mainly data centers—in the U.S. Globally, Singapore held onto its title as the most expensive city for HNWIs, followed by London and Hong Kong. EMEA cities accounted for more than half of the top ten, highlighting the region’s enduring appeal. Dubai, with its strategic location, diversified economy, and luxury ecosystem, is emerging as a serious challenger for a spot on the podium in the near future. This includes the Entrepreneur of the Year, the 2009 Asian Awards, an honorary doctorate from Excelsior College.

Most of the billionaires of Dubai are listed as the top billionaires of the world. Dubai is the largest city in the UAE which is known as the hub of business and culture. Dubai is the home to tons of famous and rich, wealthy people in the world. B.R. Shetty began his career with his interest in hospitals and hospitality.

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Healthcare and Finance tycoon, Shetty has signed the Giving Pledge and has made several donations to medical and social welfare causes. Is the chairman of Lulu Group- one of the largest hypermarket chains in the Middle East region. Yusuff is an Indian billionaire living in Dubai expanding Lulu Hypermarkets across many countries, with intend to make Lulu group a leader in retail market. Pavel Durov is the Russian founder of telecoms VK and CEO of Telegram-an instant messaging application. After experiencing some legal issues in Russia, Pavel created a new messaging application known as Telegram that operates based on factors such as privacy and encryption.

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• Juma Al Majid, the founder of the Juma Al Majid Group, is a revered figure in Dubai’s business community.
• He is the founder of Telegram messaging and their monthly active users are more than 700 million.
• Best Startup Story Dubai welcomes this brave new species of businessmen.
• It has huge weight in a range of industries, including oil and gas, real estate, travel, healthcare, tech, finance, and tourism.

Yusuf Ali Musaliam Veetil Abdul Kader, popularly known as Yusuff Ali M.A. He is a UAE-based Indian businessman and billionaire. According to Webbspy, Ali achieved his $3.7 billion net worth as the Managing Director and Chairman of Lulu Group International. Sunny is married to two sons, Jay and Dino, who have several leadership roles in GEMS Education.

DAMAC is one of the largest developers in the Middle East, specialising in high-end residential, commercial, and leisure properties. Sajwani’s real estate empire has contributed significantly to Dubai’s skyline, with iconic developments such as DAMAC Hills and Akoya Oxygen. Dubai is one of the most popular cities in the world and one of the major cities of the United Arab Emirates (UAE). The city has one of the highest percentages of people with top-notch wealth.

Who is the richest person in Dubai?

And run other businesses like Extensive portfolio including Burjeel Holdings, RPM, Lifepharma, Lakeshore Hospital, Ziva, Keita, and many education institutes. His total net worth is US$2.4 billion and counted as the richest man in the U.A.E. Including this, they established AL Futtaim Group automobiles and automotive products in U.A. Along with this, they started furniture and home goods retailers, which are famous all over the world. Abdulla Futtaim’s total net worth is $2 billion, he is counted as the richest man in U.A.E. Garrett by trade is a personal finance freelance writer and journalist.

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Ravi Pillai is a well-known businessman in India who shifted to the United Arab Emirates to grow his business. After shifting to UAE, his business began to rise to fame as he gradually went from a small trader to a business conglomerate. Further, he has expanded a construction MNC to 9 countries across the globe. He got a lot of success and money in his business and he would push the Ravi Pillai Group to the top.

Accordingly, the wealthy in Dubai have tons of wealth and there are multiple billionaires and even multi-billionaires who reflect the wealth of Dubai and the industries that make its economy so robust. It’s no wonder that New World Wealth has projected Dubai to become one of the world’s top 20 wealthiest cities by 2030. He is best known for being the founder of Telegram, which is currently one of the most widely used messaging apps in the world. According to estimates, Durov’s net worth is predicted to be $15.5 billion as of the year 2025, which places him among the wealthiest individuals in Dubai. Day’s ability to manage high-street brands and create value through acquisitions has made him a respected figure in the retail industry.

• Additionally, Michael Edward Platt, British billionaire and hedge fund veteran, Michael Platt, co-founder of BlueCrest Capital Management, has also shifted his base to the UAE.
• As of the year 2025, it is now projected that his net worth is over $3.9 billion, which places him among the wealthiest individuals in Dubai.
• In 2013, Lulu International Shopping Mall was opened, making it the group’s first retail venture in India and the largest shopping mall in India.
• At a time when the global luxury market is showing signs of softening — evidenced by a 2.0 per cent decline in prices in US dollar terms — Dubai’s ascent stands out.
• The city is home to numerous billionaires who have amassed fortunes across diverse sectors such as real estate, technology, retail, and healthcare.

Though he might be best known for his political and monarchical identities, he made most of his money as a real-estate developer as well as his family’s robust holdings. It’s hard to establish a firm line between government assets and the Al Maktoum family’s wealth, but there’s no doubt that Al Maktoum helped make Dubai into the city it is now. The money is sure to stay in the family, and Al Ghurair’s brother, Saif Al Ghurair, was also a billionaire before he died in 2019.

Q4: Are members of the royal family included in the list of the richest in Dubai?

Divyank’s entrepreneurial journey began in the digital advertising space, and his strategic thinking and innovative approach have propelled him to great heights. His net worth of $1.9 billion is a testament to his success as a visionary entrepreneur. 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 richest man in dubai most popular woman in the world. Moreover, she was honored as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013.

Mall of Emirates and Mall of Egypt are the most notable properties of the group. Shamsheer Vayalil started his career as a doctor, and later channeled his expertise to progress as a businessman and opened his first hospital, LLH Hospital in Abu Dhabi. Currently, the LLH hospital line has 20 hospitals in three countries, 23 medical centers, and 13,000 employees in the Middle East. This elite city of the UAE saw ED 429 billion ($USD 116,779 billion) as its GDP in the last financial year and occupies the 20th position as the wealthiest city in the world.

The self made billionaire, Rizwan is a key contributor to Dubai’s economic progress. B.R. Shetty is a pioneer investor of NMC Health- a large healthcare conglomerate. Shetty is also a benefactor behind UAE Exchange- a renowned money transfer service.

The business is likely to remain in the family as Al Ghurair has already started to let his children take the reins. With all that wealth in one place, it’s natural to wonder who the richest person in Dubai is. Read on to discover who the richest man in Dubai is and how he made his billions of dollars.

An outline of the top ten wealthiest individuals in Dubai, together with their estimated net worths and contributions to their respective industries, can be seen below. 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. Based out of Dubai, he deals with a myriad of activities involving all the different business ventures of the group as well as their philanthropic undertakings. Forbes estimates their worth at $1.5 billion as of February 2025, which underscores his influence within the UAE corporate landscape. The billionaire Alabbar has many other board memberships in diversified industries.

The richest-ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies in the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region, and the Middle East. Yusuff Ali Musaliam Veetti Abdul Kader (M.A Yusuff Ali) is a very popular Indian billionaire and entrepreneur. Yusuff Ali is the managing director and chairman of LuLu Group International. This group includes LuLu International Shopping Mall and LuLu Hypermarket chains across the world.