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One Of The Richest... Emirati Billionaire Majid Al Futtaim Passed Away

  • Publish date: Friday، 17 December 2021 Last update: Saturday، 18 December 2021
One Of The Richest... Emirati Billionaire Majid Al Futtaim Passed Away

Majid Al Futtaim is a very well-known Emirati Billionaire who rose to his status after starting as a simple bank clerk has just died today on Friday 17th-Dec-2021.

A History of Merchants

Before all the glory and glamour of Dubai, back to the 1930s, Al Futtaim owned a family trading company that was a very good partner with the rulers' Al Maktoum family, that is how it all started, let us follow a timeline of how this family grew to become a business Typhon in the world:

  • In 1955, the Al Futtaim family allied with Toyota and a lot of retail brands.
  • Majid Al Futtaim Holding was first founded back in 1992, where he was only working as a clerk in the bank of Oman, now called the Mashreq bank.
  • People know Al Futtaim for being a franchisee of Carrefour in the MENA region, and Asia.
  • He also built the first large mall.
  • Majid Al Futtaim owns the Mall of Emirates.

Do you know how much Majid Al Futtaim is worth?

According to different resources, some estimates are worth as 4 billion dollars and others 6 billion dollars, however, it is well known that Majid Al Futtaim is a multi-billionaire and a strong business owner in this region.

Uae today cries over the death of one of the biggest business owners in the middle east, and we at Uaemoments pray that may his soul rest in peace on this Friday.

No official cause of death or his actual age at death was officially released as of today. Stay updated and tuned with us to know more about this heartbreaking sudden situation.