Top 4 Billionaires Living In Dubai

The United Arab Emirates (UAE) is one of the wealthiest countries in the Middle East, sometimes called a "Gulf Tiger," and Dubai is the cultural and business center in the region. Perhaps more than any other Arab city, Dubai is a destination for the rich and famous, and many leading families have been in place for decades.

According to a 2014 report from Wealth-X and UBS, Dubai is home to 34 billionaires, by far the most of any Middle Eastern city. In 2015, a more recent and comprehensive list from Forbes, however, only lists four Dubai residents in the world's billionaire club. Perhaps most interestingly, the four billionaires come from brother pairs; the number one and number three listed billionaires are brothers, as are the number two and number four listed billionaires.

1. Abdullah bin Ahmad Al Ghurair ($6.4 Billion Net Worth)
   Abdullah bin Ahmad Al Ghurair is the second-wealthiest Emirati, trailing only the royal son Sheikh Ahmed Bin Saeed Al Maktoum. Abdullah was born into a successful business family, but nearly all of his wealth came after he founded Mashreq Bank in 1967. It is the leading bank in the UAE.

The Al Ghurair family fortune is controlled by a holding company called The Al Ghurair Group. The group also owns food, retail and construction companies. In the 1990s, it split into two distinct operational entities. In June 2015, Abdullah Al Ghurair donated approximately one-third of his assets to a new charity, the Abdullah Al Ghurair Educational Foundation. According to Abdullah, the group will "invest in innovative high-impact programs that improve the quality of education at the primary and secondary levels." The goal is to provide 15,000 scholarships to Emirati students.

1. Majid Al Futtaim ($6.2 Billion Net Worth)
   Owner and operator of the Majid Al Futtaim Group since its founding in 1992, Majid Al Futtaim is the brother of fellow Dubai billionaire Abdulla Al Futtaim. His business interests include shopping mall management, retail trade, and entertainment and leisure.

The Majid Futtaim Group specifically targets consumers in the Middle East and North Africa (MENA). As of 2015, the MENA arm of the group's operations includes 18 shopping malls, 11 hotels and three mixed-use community centers. Overall, the group manages nearly 200 businesses across 13 international markets and employees 25,000-plus employees.

1. Saif Ahmad Al Ghurair ($3.4 Billion Net Worth)
   A long-running chairman of The Al Ghurair Group, Saif Ahmad Al Ghurair is the brother of Dubai's wealthiest resident, Abdullah. His business conglomerate is a major operator across the banking, steel and plastics industries in UAE. Most of the group's business duties are managed by six of Saif's sons.

Saif also serves as managing director of Al Hamra Equestrian LLC and manager of Gulf Extrusions. He is a major shareholder in Mashreq Bank, which was the first financial institution to use ATMs and credit cards in Dubai.

1. Abdulla Al Futtaim ($3.2 Billion New Worth)
   Businessman and investor Abdulla Al Futtaim is the owner and operator of the Al Futtaim Group, which is a managing force behind many of the world's most famous brands. The Al Futtaim Group is responsible for Honda and Toyota vehicles, Toys "R" Us and Marks & Spencer, among others.

Day-to-day activities of the group are handled by his son, Omar, although the Abdulla remains a guiding presence. Abdulla has a strained relationship with his brother, Majid, who has been removed from the core business operations of the Al Futtaim Group.

Abdulla's conglomerate has been successful in several different industries in the UAE and surrounding regions. Successful industries include electronics, engineering, insurance, retail, services, real estate and property development.