Abdulla Al Futtaim & family
$4.9B
Born
Jan 01, 1940
Age
85
Source of Wealth
Auto dealers, investments
Residence
Dubai,
Citizenship
United Arab Emirates
Marital Status
Married
Children
0
Education
- 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.
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