Age, Biography and Wiki
Birth Place | Dubai, United Arab Emirates, United Arab Emirates |
Residence | Dubai, United Arab Emirates |
Occupation | Founder and owner, Majid Al Futtaim Group |
Relatives | Abdulla Al Futtaim (brother) |
Net worth: $4.1 Billion (2024)
Majid Al Futtaim, the renowned real estate tycoon in the United Arab Emirates, is expected to possess a staggering net worth of $4.1 billion by 2024. With a formidable reputation in the industry, Majid Al Futtaim has managed to accumulate such immense wealth over the years through his ventures in the real estate sector. His visionary leadership and strategic investments have played a significant role in shaping the landscape of the United Arab Emirates. As an influential figure in the region, Majid Al Futtaim's net worth serves as a testament to his success and prominence in the real estate market.
Biography/Timeline
He is the owner and President of Majid Al Futtaim Group, which he founded in 1992 after splitting the Al Futtaim empire with his cousin.
Al Futtaim owns the yacht Quattroelle, built by Lurssen in 2013 for Michael Lee-Chin, who sold it in 2014. It has a crew of 29.
His company's most notable properties include the Mall of the Emirates, complete with an indoor ski slope, as well as the Mall of Egypt that was planned to open in 2016.