Majid Al Futtaim

About Majid Al Futtaim

Birth Place: Dubai, United Arab Emirates, United Arab Emirates
Residence: Dubai, United Arab Emirates
Occupation: Founder and owner, Majid Al Futtaim Group
Relatives: Abdulla Al Futtaim (brother)

Majid Al Futtaim Net Worth

Majid Al Futtaim was born in Dubai, United Arab Emirates, United Arab Emirates. Majid Al Futtaim is the brother of billionaire Abdulla Al Futtaim. Non-family members run his eponymous holding company, which operates malls, including Mall of the Emirates (with an indoor ski slope) and Carrefour hypermarkets across the Middle East, North Africa and Central Asia. Michael Rake, the chairman of British telecom company BT Group, is chairman. Son Tareq is a non-executive board member. Futtaim plans to open the Mall of Egypt in March 2017. Although privately held, the company is among the most transparent conglomerates in the U.A.E, publishing its revenues and net profit annually.
Majid Al Futtaim is a member of Real Estate

💰 Net worth: $4.2 Billion (Updated at 22 June 2018)

2009 $3 Billion
2010 $2.1 Billion
2011 $1.2 Billion
2012 $1.1 Billion
2013 $3.6 Billion
2014 $4.5 Billion
2015 $6.2 Billion
2016 $5 Billion
2017 $10.6 Billion
2018 $4.52 Billion

Biography/Timeline

1992

He is the owner and President of Majid Al Futtaim Group, which he founded in 1992 after splitting the Al Futtaim empire with his cousin.

2013

Al Futtaim owns the yacht Quattroelle, built by Lurssen in 2013 for Michael Lee-Chin, who sold it in 2014. It has a crew of 29.

2016

His company's most notable properties include the Mall of the Emirates, complete with an indoor ski slope, as well as the Mall of Egypt that was planned to open in 2016.

Some Majid Al Futtaim images