Forbes Middle East

11. Abdulla Al Futtaim & family

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GLOBAL RANK: 1,444

NET WORTH 2021: $2.2 billion CHANGE: +$100 million

AGE: Unknown COUNTRY: U.A.E. SECTOR: Automotive

Abdulla Al Futtaim owns conglomera­te Al Futtaim Group, run by his son Omar, who is vice chairman. In 1955, the group became the exclusive distributo­r in the U.A.E. of Toyota, which has the leading share of the auto market with nearly 30%. Al Futtaim also has the license to operate Hertz, Ikea, Toys “R” Us and Zara in the U.A.E. The retailers anchor its malls, which include Dubai Festival City and Cairo Festival City. His cousin Majid Al Futtaim is also a billionair­e.

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