Practical and Helpful Tips: Companies

The Top-Listed Richest UAE Businessmen

United Arab Emirates is known to be one of the richest and most productive countries in the whole world and where most of the richest businessmen are making great success in their investments or companies they either owned or managed.

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. Seven businessmen have made it to the top list of richest billionaires in the whole world according to the survey conducted by Forbes in 2018 which they do every year. Among the seven that are listed in 2018, there are about two new billionaires that made it to the top seven in UAE that is included in the world’s rank too, while the other five remained in competition with each other.

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.

Abdulla bin Ahmad Al Ghurair is the first in the list, engaged in wide range businesses with a net worth of $5.9 billion from last year’s $6.8 billion that ranked him second in 2017. The second on the list is Abdulla Al Ghurair who is on real estate and retail business with a net worth of $4.6 billion, where he was on the first spot last year with $10.6 billion net worth. 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. There are also some businessmen in UAE that are non-resident Indians that are noted to be part of the richest business tycoons that made a great asset to their businesses as well.

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. Having to know more about these can be motivational and beneficial for everyone.