THE MIDDLE EAST’S
10. Abdulla Al Futtaim & family
Net Worth: $3.3 B
Age: 84
Residence: U.A.E.
Nationality: Emirati
Industry: Automotive
Abdulla Al Futtaim owns the conglomerate Al Futtaim Group, which is 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 it still has distributorship today. Al Futtaim also has the license to operate Hertz, Ikea, 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 December 2021, was also a billionaire.