How rich is Abdulla Al Futtaim?
Abdulla Al Futtaim Net Worth:
Currently based in United Arab Emirates, Abdulla Al Futtaim is a businessman and investor with the estimated net worth of $3.6 billion according to Forbes.
Abdulla Al Futtaim Net Worth $3.6 Billion
Abdulla Al Futtaim is regarded as the owner of conglomerate Al Futtaim Group which manages various world renowned brands like Honda vehicles, Toyota vehicles, Marks & Spencer franchises,Ikea, and Toys “R” Us. He is also among the owners of Dubai Festival City which is regarded as the largest urban community funded privately. The group was set up in the 1930’s and during the 1940’s and 1950’s, Al Futtaim Group incurred major growth and development which led the group to become an integrated, industrial and commercial organization in United Arab Emirates.
Al Futtaim Group is currently in the method of building the Doha Festival City in Qatar. The construction is supposed to be performed by 2014. In 2000, the Al-Futtaim family decided to split the business in two. Abdulla Al Futtaim took over the retail and automotive business while his cousin is focused on their property development business.