Hussain Sajwani’s profile picture

Hussain Sajwani

Hussain Sajwani’s profile picture
Net worth 2018: $3.82 Billion
Industry: Real Estate
Residence: Dubai, United Arab Emirates
BirthDay: 1952
Children: 4
Education: Bachelor of Arts / Science, University of Washington
BIOGRAPHY

Hussain Sajwani was bornon 1952 in Dubai, United Arab Emirates, United Arab Emirates. Hussain Sajwani is #537 in List Billionaires People In The World. Hussain Sajwani founded residential real estate developer Damac Properties in 2002, taking advantage of a Dubai government decree that allowed foreigners to own property in the emirate. He saw non-Emiratis as the main apartment buyers. After Sajwani purchased land in a then-undeveloped part of town, he managed to sell units in his first 38-story residential building in less than six months--before he started construction. Sajwani has since helped burnish Dubai's image as a glittering destination. Damac teamed up with Donald Trump (beginning in 2013, long before he became president) to develop two Trump-branded golf courses. The Trump International Golf Course Dubai opened in February 2017 at Damac's Akoya residential development, and the Trump World Golf Course, designed by Tiger Woods, is slated to open at a separate Damac development at the end of 2018. In a press conference soon after he was elected president of the U.S., Trump praised Sajwani, calling him "a very, very, very amazing man" who had just offered him a $2 billion real estate deal in Dubai that Trump said he had to turn down. Sajwani started out in the food service business, attracting clients such as the U.S. military and construction giant Bechtel. He still owns the food service firm.

NET WORTH STATISTIC
2016

$3.2 Billion

2017

$3.7 Billion

2018

$3.82 Billion

TIMELINE
2017

Ranked Number 15 on Hotelier Power 50 - CEO Middle East Awards 2017 Property CEO of the Year – CEO Middle East Awards 2017

2015

In 2015, the company got publicly-listed with shares traded on the Dubai Financial Market

2013

The list features fastest growing global companies based on the compound annual growth rate of revenues from 2013 to 2016

2002

In 2002, Sajwani established DAMAC Properties, one of the largest property development companies in Middle East

1981

Sajwani started his career in 1981 in the finance department in Abu Dhabi Gas Industries

1952

Hussain Sajwani (born 1952/53) is an Emirati billionaire property developer, and the founder and chairman of real estate development company DAMAC Properties

(3/135 votes)
Related Person
Leonard Stern’s profile picture
Leonard Stern
Net Worth is $4.49 Billion
Igor Olenicoff’s profile picture
Igor Olenicoff
Net Worth is $4.23 Billion
Lin Rong San’s profile picture
Lin Rong San
Net Worth is $4.2 Billion
Manuel Villar’s profile picture
Manuel Villar
Net Worth is $4.19 Billion
Samuel Tak Lee’s profile picture
Samuel Tak Lee
Net Worth is $4.1 Billion
John Gandel’s profile picture
John Gandel
Net Worth is $4.02 Billion