Abdullah al Futtaim: his Net Worth, His House, Private Jet and yacht Radiant
Author: Peter Yachtfan
MY Radiant | Specifications
110 m (361 ft)
20 in 10 cabins
44 in 20 cabins
Tim Heywood Design
Radiant Boat Price:
US$ 300 million
Radiant Yacht For Sale:
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Radiant Yacht For Charter:
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Abdullah al Futtaim
Abdullah al Futtaim
United Arab Emirates
Abdullah Al Futtaim Net Worth:
US$ 2.5 billion
Al Futtaim Group
Omar Al Futtaim, Osman Al Futtaim (died)
Bahara, Dubai, UAE
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Al Futtaim is one of the richest men in Dubai. His cousin Majid Al Futtaim is also a billionaire.
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.
The Al Futtaim Group is a Dubai based conglomerate active in retail, automotive, technology and real estate. Al-
Forbes estimates his net worth at US$ 2.5 billion. The Al Futtaim family is one of the richest in the UAE.
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.
The family has owned many yachts, including the 52 meter Amels Radiant. She is now named Lightning.
Majid al Futtaim is the owner of a Gulfstream G650 private jet (A6-
The Al Futtaim family lives in a large villa in the Bahara area in Dubai. They also own a residence in Deira.
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.
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.
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.
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.
The boat is not available for yacht charter. And she is not listed for sale.
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