Majid al Futtaim

Majid al Futtaim

He is the founder of the Majid Al Futtaim Group in Dubai. He was born in the 1930s. He is considered to be one of the richest men in the country. His brother Abdullah Al Futtaim heads the Al-Futtaim Group. They are reportedly estranged. He is the owner of the yacht Albatros. Forbes estimates the net worth of the Al Futtaim Family at US$ 6 billion. The Al Futtaim family is one of the richest men in the UAE. He lives with his wife in a large palace in Dubai, UAE.

Country:

Dubai, UAE

Majid Al Futtaim Net Worth:

US$ 6 billion

Source:

Majid Al Futtaim Group

Born:

1935-1940

Wife:

Married

Children:

Tariq Al Futtaim

Residence:

Dubai, UAE

Private Jet:

Gulfstream G650 (A6-MAF)

Majid Al Futtaim Group.

The Al Futtaim Group is a Dubai based conglomerate active in retail, automotive, technology and real estate.

Al-Futtaim operates more than 65 companies and employs more than 20,000 people.

Al Futtaim Motors.

Al-Futtaim Motors is the largest distributor of automobiles and automotive products in the United Arab Emirates.

Four out of every 10 cars on the UAE roads are from Al-Futtaim. Al-Futtaim has close to 150 retail outlets in the UAE alone, more than any other retail network and represents some of the world’s most popular retail brands including Marks & Spencer, IKEA, ACE, Toys ‘R’ Us, Ladybird, Danier, Intersport and Judith Leiber.

Ikea in the UAE.

Al-Futtaim holds the franchise rights for IKEA in Egypt, Oman, Qatar and the United Arab Emirates.

Private Jets

He is the owner of a Gulfstream G650 with registration A6-MAF. A Gulfstream G650 has a list price of US$ 70 million.

The aircraft can accommodate 19 passengers.

 

Albatros Yacht

Al Futtaim Boat:Albatros, Yacht Length:72 m (237 ft), Guests:12 in 6 cabins, Crew:19 in 8, cabins, Builder:Delta Marine, Designer: Espen Øino International, Year:2016, Speed:16.5knots, Albatros Yacht Price:US$ 100 million. Albatros was built at Delta Yachts in 2016. Al Futtaim previously owned the Trinity yacht White Star.