12 UAE tycoons in Forbes' 2016 Billionaires List

Wednesday, 2 March 2016 16:55

Five Emiratis and seven Indian businessmen living in the emirates have featured in Forbes' 2016 Billionaires List. Combined, the twelve UAE residents have a massive net worth of $36.2 billion (AED 133 billion dirhams). The top ranked Emirati on the list was real estate and retail tycoon Majid Al Futtaim, who has a reported net worth of $5 billion. Micky Jagtiani, owner of the Dubai-based Landmark retail stores group, was the highest ranked Indian on the list with a net worth valued at $4.4. Below are the twelve UAE residents who made it to Forbes' 2016 Billionaires List: 1. Majid Al Futtaim - $5b 2. Abdulla bin Ahmad Al Ghurair - $4.9b 3. Micky Jagtiani - $4.4b 4. M.A. Yusuff Ali - $4.2b 5. Hussain Sajwani - $3.2b 6. Abdulla Al Futtaim - $3.1b 7. Ravi Pillai - $2.9b 8. Saif Al Ghurair - $2.2b 9. Sunny Varkey - $1.9b 10. B.R. Shetty - $1.8b 11. Azad Moopen - $1.5b 12. Joy Alukkas - $1.1b

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