Discovering The Truth About Businesses

UAE Businessman: The Richest Billionaires Listed

United Arab Emirates is known to be one of the richest and most productive countries in the whole world and where most of the richest businessmen are making great success in their investments or companies they either owned or managed.

These business tycoons have remained in their spot to be among the listed richest even if their asset increases or decreases in a year. On the yearly survey conducted by Forbes, in 2018 seven businessmen from the United Arab Emirates are listed to be among the richest in the world. From the top seven in UAE for the richest billionaires in the whole world, two of them are new entries, as for the other five are neck to neck raising for the tops spot consistently.

This is rated according to their net worth through the increase in their financial and business and other mega assets ranging from malls, banks and other financial institutions as well as hospitals. It has been recorded that for the last year alone those who invested in baking and automobile have decreased in profit that brought down their net worth in general while those in healthcare, money exchange, and real estate have increased or maintained their profits thus making them climb up to with their net worth.

Abdulla bin Ahmad Al Ghurair is the first in the list, engaged in wide range businesses with a net worth of $5.9 billion from last year’s $6.8 billion that ranked him second in 2017. The second on the list is Abdulla Al Ghurair who is on real estate and retail business with a net worth of $4.6 billion, where he was on the first spot last year with $10.6 billion net worth. With a net worth of $3.3 billion and in auto dealership and other investments, Abdulla Al Futtaim maintained his third spot on the ranking despite the decrease of his net worth from last years $4.1 billion. There are also some non-resident Indians in UAE that is also ranked as the richest businessmen being included in the listing knowing more about their assets as well that competed with all other conglomerates.

It is not a surprise that these people have great influence in the business industry especially in UAE, and their success stories can be found in many storylines especially with Forbes as they have been constantly taking the world in awe with their continued success that brought them to be one of the richest billionaires in the whole world. It is actually an interesting read to know more about these popular people in the industry.