Majid Al Futtaim’s profile picture

Majid Al Futtaim

Majid Al Futtaim’s profile picture
Net worth 2018: $4.52 Billion
Industry: Real Estate
Residence: Dubai, United Arab Emirates
BIOGRAPHY

Majid Al Futtaim was born in Dubai, United Arab Emirates, United Arab Emirates. Majid Al Futtaim is #463 in List Billionaires People In The World. Majid Al Futtaim is the brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls, including Mall of the Emirates (with an indoor ski slope) and Carrefour hypermarkets across the Middle East, North Africa and Central Asia. Michael Rake, the chairman of British telecom company BT Group, is chairman. Son Tareq is a non-executive board member. Futtaim plans to open the Mall of Egypt in March 2017. Although privately held, the company is among the most transparent conglomerates in the U.A.E, publishing its revenues and net profit annually.

NET WORTH STATISTIC
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

TIMELINE
2017

As of March 2017, Al Futtaim's net worth is estimated by Forbes at US$10

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

2013

Al Futtaim owns the yacht Quattroelle, built by Lurssen in 2013 for Michael Lee-Chin, who sold it in 2014

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

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