Majid Al Futtaim
| Majid Al Futtaim | |
|---|---|
| Residence | Dubai, United Arab Emirates |
| Nationality | Emirati |
| Occupation | Founder and owner, Majid Al Futtaim Group |
| Net worth | $8 billion (February 2016)[1] |
| Spouse(s) | married |
| Relatives | Abdulla Al Futtaim (brother) |
Majid Al Futtaim (Arabic: ماجد الفطيم) is an Emirati businessman, the founder, owner and president of the Majid Al Futtaim Group, an Emirati real estate and retail company.
Early life
Majid Al Futtaim is the brother of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he is estranged.[1]
Career
He is the owner and president of Majid Al Futtaim Group, which he founded in 1992 after splitting the Al Futtaim empire with his brother.[2]
According to Forbes, Al Futtaim has a net worth of $5 billion, as of February 2016.[1] In July 2013, Forbes named him as the richest entrepreneur from the UAE.[3]
Notable buildings
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.[4]
Personal life
Al Futtaim is married and lives in Dubai.[1] His son Tariq Al Futtaim also works for the Majid Al Futtaim Group.[1]
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.[5]
References
- 1 2 3 4 5 "Majid Al Futtaim". Forbes. Retrieved 19 February 2015.
- ↑ "Majid Al Futtaim". Bloomberg. Retrieved 19 February 2015.
- ↑ Neuhof, Florian. "Majid Al Futtaim, with $3.6bn, named richest UAE businessman", 'The National', 15 April 2013. Accessed 28 October 2015.
- ↑ "#270 Majid Al Futtaim & family".
- ↑ "Motor Yacht Quattroelle". Superyachtfan. Retrieved 21 January 2015.