Majid Al Futtaim
Real Estate

Majid Al Futtaim Net Worth

7 months from now

Majid Al Futtaim is a billionaire from Dubai, United Arab Emirates, and the brother of Abdulla Al Futtaim. His eponymous holding company operates malls, hypermarkets, and other businesses across the Middle East, North Africa, and Central Asia. Michael Rake is the chairman of the company, and Tareq Al Futtaim is a non-executive board member. The company is planning to open the Mall of Egypt in March 2017, and is one of the most transparent conglomerates in the U.A.E, publishing its revenues and net profit annually.
Majid Al Futtaim is a member of Real Estate

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.

2009 $3 Billion
2010 $2.1 Billion
2011 $1.2 Billion
2012 $1.1 Billion
2013 $3.6 Billion
2014 $4.5 Billion
2015 $6.2 Billion
2016 $5 Billion
2017 $10.6 Billion
2018 $4.52 Billion

Biography/Timeline

1992

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.

2013

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.

2016

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.

Some Majid Al Futtaim images

Tags Living people Emirati businesspeople Emirati billionaires United Arab Emirati people stubs Asian business biography stubs

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.