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UAE’s and the World’s Richest People in 2024
In 2024, the global wealth landscape continues to evolve, with familiar faces maintaining their positions and new names emerging among the richest people. The UAE, particularly Dubai, has seen remarkable growth in wealth, fueled by its dynamic economy and a booming real estate market.
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From billionaire business tycoons to powerful families, the region has become a hub for some of the world’s wealthiest individuals. Here, we are going to describe the richest people in 2024. We will also look into the richest families in UAE and their influence on the country’s economy.
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Richest People in 2024
On the global stage, the list of the richest people in 2024 includes many familiar names from technology, finance, and business. As usual, individuals like Elon Musk, Bernard Arnault, and Jeff Bezos dominate the global wealth rankings.
1. Elon Musk
Elon Musk, the CEO of Tesla and SpaceX, has continued to grow his wealth through his investments in electric vehicles, space exploration, and sustainable energy. In 2024, Musk remains one of the wealthiest individuals globally, with a net worth exceeding $250 billion.
2. Bernard Arnault
Bernard Arnault, the chairman of LVMH, leads the luxury goods industry, with brands like Louis Vuitton, Moët, and Hennessy under his control. His wealth in 2024 continues to soar, positioning him among the top three richest people in the world.
3. Jeff Bezos
The founder of Amazon, Jeff Bezos, is still a dominant force in the e-commerce industry. Even after stepping down as CEO, his investments in space exploration (through Blue Origin) and other ventures keep his net worth high.
4. Bill Gates
Bill Gates, the co-founder of Microsoft, remains among the top 10 richest people in 2024, largely due to his vast investments in technology, healthcare, and philanthropy.
5. Larry Page and Sergey Brin
The co-founders of Google continue to make headlines as their fortune grows, thanks to the company’s expansion into artificial intelligence and other high-tech ventures.
Richest People in Dubai And UAE 2024
While global names like Musk and Bezos dominate worldwide, the UAE, particularly Dubai, has its own share of wealth and influence. Many of the richest people in Dubai have accumulated their fortunes through diverse industries like real estate, technology, retail, and finance. Dubai’s status as a financial hub has attracted not only local wealth but also investments from abroad, making it a melting pot of some of the world’s wealthiest individuals.
Top 10 Richest People in UAE 2024
Let’s take a look at the top 10 richest people in the UAE 2024, who have been instrumental in shaping the country’s economy.
1. Majid Al Futtaim and Family
Majid Al Futtaim, the founder of Majid Al Futtaim Group, continues to be one of the richest men in the UAE. His company, known for its malls, hotels, and leisure facilities, is a powerhouse in the region. In 2024, the family’s net worth is estimated to be over $8 billion.
2. Khalifa bin Zayed Al Nahyan
As the President of the UAE and ruler of Abu Dhabi, Khalifa bin Zayed Al Nahyan controls much of the wealth from Abu Dhabi’s oil resources. He remains one of the wealthiest individuals in the UAE, with an estimated net worth exceeding $15 billion in 2024.
3. Hussain Sajwani
Hussain Sajwani, the founder of DAMAC Properties, is another key figure in Dubai’s real estate sector. With a net worth of around $3 billion in 2024, he continues to be a significant player in Dubai’s booming property market.
4. Abdulla bin Ahmad Al Ghurair and Family
Abdulla Al Ghurair’s wealth comes from his vast business empire, which includes Al Ghurair Foods and Mashreq Bank. The family’s fortune is estimated to be around $7 billion in 2024.
5. Abdulla Al Futtaim
Abdulla Al Futtaim, who owns the Al-Futtaim Group, has investments in retail, automotive, and real estate. He is one of the top 10 richest people in the UAE 2024, with an estimated net worth of over $2.5 billion.
6. Saif Al Ghurair and Family
Saif Al Ghurair’s family fortune is rooted in their diverse businesses, including steel, real estate, and investments. The family’s wealth in 2024 is estimated at over $3 billion.
7. Ravi Pillai
Ravi Pillai, originally from India, has built a massive construction empire in the UAE. As one of the wealthiest expatriates in the UAE, his net worth is estimated to be over $4 billion in 2024.
8. Micky Jagtiani
Micky Jagtiani, the founder of Landmark Group, has made his wealth through retail. His company operates across the Middle East and beyond, with a net worth of around $3 billion.
9. BR Shetty
BR Shetty, the founder of NMC Health and Finablr, has been a prominent figure in the UAE’s healthcare and financial sectors. Despite facing challenges, his wealth in 2024 is estimated to be over $1 billion.
10. Mohammed Alabbar
Mohammed Alabbar is the founder of Emaar Properties, the developer behind iconic structures like the Burj Khalifa and Dubai Mall. His net worth in 2024 is estimated at $2 billion, making him one of the top 10 richest people in the UAE 2024.
Richest Families in UAE
The richest families in UAE have played a crucial role in the country’s development. They have vast business empires that span multiple industries, including oil, finance, retail, and real estate. Some of these families include –
1. Al Nahyan Family
As the ruling family of Abu Dhabi, the Al Nahyan family has immense wealth from the region’s oil reserves. They are not only one of the wealthiest families in the UAE but also one of the most powerful.
2. Al Maktoum Family
The Al Maktoum family, the ruling family of Dubai, has vast wealth due to their investments in various sectors, including real estate, tourism, and aviation. They are one of the most influential families in the Middle East.
3. Al Futtaim Family
The Al Futtaim family, known for their retail and automotive businesses, is one of the richest families in UAE. Their vast business empire includes shopping malls, car dealerships, and real estate developments.
4. Al Ghurair Family
The Al Ghurair family is involved in banking, food production, and real estate. They are one of the wealthiest families in the UAE, with their fortune continuing to grow in 2024.
5. Gargash Family
The Gargash family, with its focus on the automotive and real estate sectors, is also considered one of the richest families in the UAE.
Dubai Richest Family Net Worth
Dubai has become home to some of the world’s wealthiest families. Dubai richest family net worth continues to rise due to the city’s booming economy and strategic location. Families like the Al Maktoum and Al Futtaims are at the forefront of Dubai’s wealth, with their fortunes tied to real estate, retail, and tourism industries.
Conclusion
The UAE, especially Dubai, is home to some of the world’s richest individuals and families. From real estate moguls to powerful ruling families, the country has become a hub of wealth and opportunity. The richest people in 2024 continue to shape the world’s economy, while the top 10 richest people in UAE 2024 and richest families in UAE play a crucial role in driving the country’s growth and prosperity. As wealth continues to accumulate, Dubai and the UAE are set to remain significant players on the global financial stage. With companies like Culture Explorer Tours LLC highlighting the cultural richness of the region, the UAE’s influence will only grow further.
