Due to its booming economy and reputation as a
Middle East hub for business and finance, Dubai is home to some of the Richest
People in Dubai. Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and
vice president and prime minister of the United Arab Emirates, is one of
Dubai's wealthiest individuals, with an estimated net worth of $18 billion.
Hussain Sajwani, chairman and founder of DAMAC Properties, a major UAE real
estate developer with an estimated $3.5 billion net worth; and Abdullah Al Ghurair,
chairman and founder of the Al Ghurair Group, a diversified conglomerate with
interests in banking, manufacturing, and retail and a reported $5.9 billion net
worth. Khalaf Al Habtoor, the Al Habtoor Group's founder and chairman, and
Abdulla Al Futtaim, the Al-Futtaim Group's founder, are two other notable names
on the list. The Al-Futtaim Group is a large Middle Eastern retail and real
estate conglomerate.