Rank #1484
Mohamed Alabbar
Net worth $2.9B
Real estate, restaurants · United Arab Emirates
- Born
- Nov 08, 1956
- Age
- 69
- Source
- Real estate, restaurants
- Residence
- Dubai
- Citizenship
- United Arab Emirates
- Marital status
- Married
- Children
- 0
- Education
- Bachelor of Business Administration, Seattle University
Net worth over time
Biography
- Mohamed Alabbar is the founder of Dubai-based real estate developer Emaar Properties, which built the world's tallest tower, Burj Khalifa.
- He founded the firm in 1997 and took it public on the Dubai stock exchange in 2000. He stepped down as chairman in 2020.
- Most of Alabbar's fortune comes from his 33% stake in publicly traded Americana Restaurants, which owns fast food franchises in the Middle East.
- In 2014, Alabbar founded Eagle Hills in Abu Dhabi, which has developed high-end apartments, hotels and retail in 10 countries on three continents.
- Alabbar also owns stakes in Riyadh-based e-commerce platform Noon.com and Dubai-based digital bank Zand Bank.
- The son of a traditional dhow boat captain, Alabbar's first job after college was at the UAE's central bank.
Financial assets
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