MAJID AL FUTTAIM (1934-2021) • Net Worth $4 Billion • House • Yacht • Private Jet • Dubai

Name:Majid al Futtaim
Net Worth:$4 billion
Source of Wealth:Majid Al Futtaim Group
Wife:Mrs. Al Futtaim
Children:Tariq Al Futtaim
Residence:Dubai, UAE
Private Jet:Gulfstream G650 (A6-MAF)

Who was Majid al Futtaim?

Majid al Futtaim was the founder of the Majid Al Futtaim Group in Dubai. He was born in 1934.  He died in 2021. He is considered to be one of the richest men in the country. His brother Abdullah Al Futtaim heads the Al-Futtaim Group. They are reportedly estranged. 

Majid 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.

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 and 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 in the UAE

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

Al Futtaim Net Worth

Forbes estimates the net worth of the Al Futtaim Family at $4 billion. The Al Futtaim family is one of the richest in the UAE.


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Yacht Albatross Owner

Majid Al Futtaim

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Majid al Futtaim House

al Futtaim Yacht Albatros

He was the owner of the Delta motor yacht Albatross.  Following his death,  his estate listed the yacht for sale. Al Futtaim previously owned the Trinity yacht White Star. And we believe he also owned the yacht LUSINE. When he died, the yacht Albatross was sold to Rob and Richard Sands.