Rank #196
Hussain Sajwani
Net worth $15.3B
Real estate · United Arab Emirates
- Born
- Mar 01, 1953
- Age
- 73
- Source
- Real estate
- Residence
- Dubai
- Citizenship
- United Arab Emirates
- Marital status
- Married
- Children
- 4
- Education
- Bachelor of Arts/Science, University of Washington
Net worth over time
Biography
- Hussain Sajwani is the chairman of Dubai-based luxury real estate developer Damac Properties, which he founded in 2002.
- He started out in the food services business, catering to the U.S. military and construction giant Bechtel.
- In 2001, after Dubai allowed foreigners to own property, he shifted to real estate and sold units in a residential building in less than six months.
- Damac teamed up with Donald Trump in 2013 to develop two Trump-branded golf courses in Dubai developments.
- Sajwani is known for extravagant marketing, sometimes offering free Lamborghinis to apartment buyers. He has co-branding deals with Versace and Bugatti.
- After Trump was elected president, he announced that Sajwani had offered him a $2 billion real estate deal in Dubai, but he turned it down.
- Sajwani attended a Mar-a-Lago New Year's Eve party in December 2016 and Trump's inauguration.
Financial assets
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