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Abdullah al Futtaim: his Net Worth, His House, Private Jet and yacht Radiant


Author: Peter Yachtfan


MY Radiant


Boat Name:

Radiant

Yacht Length:

110 m (361 ft)

Guests:

20 in 10 cabins

Crew:

44 in 20 cabins

Builder:

Lurssen Yachts

Designer:

Tim Heywood Design

Year:

2009

Speed:

21 knots

Engines:

MTU 16V1163

Displacement:

5,027 ton

IMO:

9571105

Radiant Boat Price:

US$ 300 million

Radiant Yacht For Sale:

Contact a Sales Broker

Radiant Yacht For Charter:

Contact a Charter Broker



Abdullah al Futtaim


Name:

Abdullah al Futtaim

Country:

United Arab Emirates

Abdullah Al Futtaim Net Worth:

US$ 2.5 billion

Source:

Al Futtaim Group

Born:

January 1940

Wife:

Married

Children:

Omar Al Futtaim, Osman Al Futtaim (died)

Residence:

Bahara, Dubai, UAE

Private Jet:

Pls send message if you have info.



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Al Futtaim is one of the richest men in Dubai. His cousin Majid Al Futtaim is also a billionaire.

Radiant Yacht

Who is Abdulla al Futtaim?Abdullah al Futtaim


He is owner of the Al Futtaim Group. He was born in January 1940. He is married and has a son named Omar. He had another son named Osman, who died in 2011. He is a cousin of Majid al Futtaim.




Al Futtaim Group

The Al Futtaim Group is a Dubai based conglomerate active in retail, automotive, technology and real estate. Al-Futtaim operates more than 65 companies.  And employs more than 20,000 people in the Middle East.





Al Futtaim Motors

Al-Futtaim Motors is the largest distributor of automobiles and automotive products in the United Arab Emirates. Four out of every 10 cars on the UAE roads are from Al-Futtaim.



Al-Futtaim has close to 150 retail outlets in the UAE alone. More than any other retail network. The company represents some of the world’s most popular retail brands. Including Marks & Spencer, IKEA, ACE, Toys ‘R’ Us, Ladybird, Danier, Intersport and Judith Leiber.




Ikea

Al-Futtaim holds the franchise rights for IKEA in Egypt, Oman, Qatar and the United Arab Emirates.




Al FuttaimNet Worth

Forbes estimates his net worth at US$ 2.5 billion. The Al Futtaim family is one of the richest in the UAE.




Omar Al Futtaim

Abdulla’s son Omar al Futtaim is CEO of Al Futtaim Group. And he is also director at the Commercial Bank of Dubai. Abdulla’s brother Majid Al Futtaim is also a billionaire. He owned the yacht Quattroelle.




Family’s Previous Yacht

The family has owned many yachts, including the 52 meter Amels Radiant. She is now named Lightning.




Private Jet

Majid al Futtaim is the owner of a Gulfstream G650 private jet (A6-MAF). We think Abdulla also owns at least one private jet. But we have not yet been able to identify its registration number. Do you know more about an aircraft owned by Abdulla al Futtaim or his son Omar? Please do send us  a message.




Al Futtaim Residence

The Al Futtaim family lives in a large villa in the Bahara area in Dubai. They also own a residence in Deira.

M/Y Radiant Yacht


Radiant was built by the famous Lurssen Shipyard. She was built as a sistership to Pelorus. And she was delivered to her owner in 2009.



Radiant has a length of 110 meters (361ft) . She is designed by Tim Heywood with an interior by Glenn Pushelberg. She can accommodate 20 guests and a crew of 44.



It is said that the yacht has an extreme powerful water canon, so it can defend itself from (pirate) attacks.



She is powered by 2 MTU diesel engines. Which bring her a top speed of 21 knots. She has a cruise speed of 16 knots. We estimate her range at least at 6,000nm.



The yacht has a steel hull and an aluminum superstructure.




Cost of the yacht

At her delivery she was one of the largest yachts in the world. Radiant was built for the Russian tycoon Boris Berezovsky.



He ordered the yacht at Lurssen for an amount of EUR 148.540.000. When Berezovsky ran into financial difficulties, he failed payment on installments and the construction of the yacht was delayed.



There was a contractual risk of losing the yacht, if payments were not made on time.




Sold for EUR 240 million

Berezovsky asked Edmiston to sell his yacht with an asking price of EUR 350 million. Edmiston asked Merle Wood to assist in the sale.



Merle Wood contacted Al Futtaims captain Sean Wrigley, who forwarded the yacht’s details to the Al Futtaim family, claiming a commission of EUR 3 million if the family would actually purchase the yacht.



The Al Futtaim family negotiated the purchase with Mr Berezovsky and agreed to purchase the yacht for EUR 240 million. Edmiston claimed a sales commission on the purchase, which Mr. Berzovsky denied to pay.




Commission Claimed by the Yacht’s Captain

In a 2011 London court decision, a commission of EUR 6.0 million was rewarded to Edmiston. Of which 70% was payable to Merle Wood.




It is unclear whether Al Futtaim’s captain received his claimed EUR 3 million. Most photos on this page are made by Ship Dreams.




Is She Available for Yacht Charter?

The boat is not available for yacht charter. And she is not listed for sale.



Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth and net worth.



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Scroll all the way down for more amazing content!

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The Lurssen Radiant was built as Darius for Boris Berezovsky.

Radiant upper deck

The upper deck with helicopter landing facilities.

Al Futtaim family yacht

Radiant has a nice main deck pool.

Superyacht Radiant

Superyacht Radiant in Germany, photo by Ships Dream.

Al Futtaim yacht

Al Futtaim owns the Al Futtaim Group, based in Dubai.

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