2023-05-21 22:05:06
Forbes Middle East magazine published a report, in which it monitored a list of nine billionaires who all reside in the UAE.
The magazine said in its latest report: “These are nine billionaires who are not of Arab descent, but they see the Middle East as their home, while their total wealth amounts to $ 35.6 billion, according to the Forbes rich list for the year 2023. Knowing that they all reside in a country The UAE”.
The “Forbes Middle East” list included billionaire Pavel Durov (38 years old), with a net worth in 2023 of $11.5 billion.
Durov is the Russian, the youngest wealthy expatriate in the Middle East, and the only one who made his fortune from working in the technology sector, as he is the founder and owner of the electronic messaging application “Telegram”.
As for the billionaire Yusuf Ali (67 years), he heads the “Lulu International Group”, whose revenues exceed eight billion dollars. Ali comes from a village in the southern Indian state of Kerala, while his net worth amounted to 5.3 billion dollars.
For his part, the retail tycoon, Miki Jagtiani (71 years old), is the biggest gainer on the list, following his wealth increased by $1.9 billion since 2022, so that his net worth in 2023 will be regarding $5.2 billion. According to Forbes Middle East, Jagtiani worked as a taxi driver in London before moving to Bahrain, opening a store selling baby products in 1973, and then his business flourished to become the Landmark Group, headquartered in Dubai.
And “Forbes Middle East” mentioned the Indian billionaire Ravi Pillai, who founded the (RP Group) group of companies to achieve revenues amounting to $ 7.8 billion in the construction sector. The net worth in 2023 is regarding $3.2 billion.
For his part, billionaire Sunny Varkey (66 years old) heads the “GEMS Education Group”, which is the largest school management group, with a net worth in 2023 of regarding three billion dollars.
The magazine drew attention to the founder and chairman of the “Burjeel Holding Group”, Shamsher Vayalil, with a net worth in 2023 of $ 2.2 billion.
As for the former Prime Minister of Thailand, Thaksin Shinawatra (73 years), he has made Dubai his home for more than a decade. The net worth in 2023 is regarding $2.1 billion.
The magazine stated that Sobha’s real estate activities, owned by billionaire BNC Menon, extend in the UAE, Qatar, Oman, and other Gulf countries, with a net worth in 2023 of regarding $1.6 billion.
She also drew attention to billionaire Saket Burman (46 years old), who is the fifth-generation son of the Burman family that founded the Indian company, Dabur. The net worth in 2023 is regarding $1.5 billion.
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