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In this Luxury Wire Video, we’ll show you Dubai’s Wealthiest Families and their amazing wealth. You will be blown away by how much money this family can spend without it even affecting them. Sometimes spending millions per day, Dubai’s Royal family is truly one of the wealthiest families in the world!
We’ll take a peek into their Ultra luxurious lifestyle and how they live their lives.
Sheikh Mohammed bin Rashid Al Maktoum
Dubai’s wealthiest family is headed by Sheikh Mohammed bin Rashid Al Maktom. His family is the largest single shareholder of Dubai Holding, which owns stakes in Sony and HSBC Holdings. It also owns the Essex House Hotel in New York. Sheikh Mohammed is an avid horse racer and has a 3,800 acre farm in Kentucky. He recently purchased Australia’s largest racing empire, the Ingham Stud, for $460 million. His fleet of cars is worth over $800 million, and his yacht Dubai is five hundred and thirty-one feet long.Sheikh Mohammed is the third richest man in the world. His father was the Emir of Dubai, and he took over as Emir of Dubai after his father’s death. He is known for his down-to-earth attitude toward the public, and has an estimated net worth of $15 billion.
Abdullah Al Futtaim
The Al Futtaim family consists of the Abdullah Al Futtaim and his sons Omar and Majid. Their family’s conglomerate, the Al Futtaim Group, employs more than 30,000 people and creates jobs for others. In addition, Abdullah Al Futtaim owns the largest insurance company in the UAE, Orient Insurance Co., which insures Emaar properties.Raghuvinder Kataria is the head of the Kataria holdings, a multinational conglomerate based in Dubai. The company specializes in telecommunications, real estate, automobiles, and other areas. It has a significant presence in the city’s central business district.
The family’s net worth is estimated at over $2 billion. The members of the family are largely self-made. Raghuvinder Kataria worked for International Computers Limited as the company’s European treasurer. He later founded Thai telecom operator Jasmine Telecom, which was subsequently acquired by Bharti Enterprises. Kataria also has stakes in several financial institutions.
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