Nationality Emirati Founded 1992 CEO Alain Bejjani | Name Majid Futtaim Spouse(s) married Founders Majid Al Futtaim | |
Occupation Founder and owner, Majid Al Futtaim Group Net worth $6.2 billion (February 2015) Role Shopping mall company · majidalfuttaim.com Headquarters Dubai, United Arab Emirates Profiles | ||
Majid al futtaim stakeholder brand launch
Majid Al Futtaim (Arabic: ماجد الفطيم) is an Emirati businessman, the founder, owner and president of the Majid Al Futtaim Group, an Emirati real estate and retail conglomerate, with projects in Asia and Africa. As of March 2017, Al Futtaim's net worth is estimated by Forbes at US$10.9 billion, the second richest individual in the Middle East.
Contents
- Majid al futtaim stakeholder brand launch
- Rajiv Suri CEO Majid Al Futtaim Fashion
- Early life
- Career
- Notable buildings
- Personal life
- References
Rajiv Suri - CEO- Majid Al Futtaim Fashion
Early life
Majid Al Futtaim is the first cousin of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he is estranged.
It currently spans 15 international markets and employs over 33,000 people.
Career
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.
According to Forbes, Al Futtaim has a net worth of $5 billion, as of February 2016. In July 2013, Forbes named him as the richest entrepreneur from the UAE.
Notable buildings
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.
Personal life
Al Futtaim is married and lives in Dubai. His son Tariq Al Futtaim also works for the Majid Al Futtaim Group.
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.