Rank #919
Abdulla Al Futtaim & family
Net worth $4.7B
Auto dealers, investments · United Arab Emirates
- Born
- Jan 01, 1940
- Age
- 86
- Source
- Auto dealers, investments
- Residence
- Dubai
- Citizenship
- United Arab Emirates
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Abdulla Al Futtaim owns conglomerate Al Futtaim Group, run by his son Omar, who is vice chairman and CEO.
- In 1955, the group became the exclusive distributor in the U.A.E. of Toyota-- and still has the distributorship today.
- Al Futtaim also has the license to operate Hertz, Ikea and Toys "R" Us and Marks and Spencer in the U.A.E.
- The retailers anchor its malls, which include Dubai Festival City, Dubai Festival Plaza, Doha Festival City and Cairo Festival City.
- His cousin Majid Al Futtaim, who died in 2021, was also a billionaire.
- In 2010, Al Futtaim reportedly bought the yacht of the late Russian oligarch Boris Berezovsky.
- In 2017, the group acquired 27 Marks and Spencer stores in Hong Kong and Macau, bringing the total stores it operates in Asia and the Middle East to 80.
Financial assets
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