Abdullah al Futtaim
Abdullah al Futtaim, born in January 1940, is a billionaire businessman and the owner of the Al Futtaim Group. The company is a Dubai-based conglomerate with activities in retail, automotive, technology, and real estate. Al Futtaim Group is known to operate more than 65 companies and employs over 20,000 people in the Middle East. Abdullah is married and has a son named Omar, who is also the CEO of Al Futtaim Group.
Al Futtaim Motors
The Al Futtaim Group’s largest distributor of automobiles and automotive products in the United Arab Emirates is Al Futtaim Motors. Four out of every 10 cars on the UAE roads are from Al Futtaim. Al Futtaim also has close to 150 retail outlets in the UAE alone, representing some of the world’s most popular retail brands, including Marks & Spencer, IKEA, ACE, Toys ‘R’ Us, Ladybird, Danier, Intersport, and Judith Leiber.
IKEA, one of the world’s most famous furniture and home goods retailers, has a franchise agreement with Al Futtaim in Egypt, Oman, Qatar, and the United Arab Emirates.
Al Futtaim Net Worth
The Al Futtaim family is one of the richest in the UAE, with Forbes estimating Abdullah’s net worth at $2 billion.
Family’s Yacht History
Abdullah is a cousin of the late billionaire businessman Majid al Futtaim, who also made his fortune in the retail and real estate industry. The family has a history of owning yachts, including the 52-meter Amels Radiant, which is now named Lightning. It is believed that Omar Al Futtaim owns Lightning.
Radiant is a luxury superyacht built by the famous Lurssen Shipyard. She was built as a sistership to Pelorus and was delivered to her owner in 2009. With a length of 110 meters (361ft), Radiant has a steel hull and an aluminum superstructure. The motor yacht is powered by two MTU diesel engines, which bring her a top speed of 21 knots and a cruising speed of 16 knots. The superyacht is estimated to have a range of at least 6,000 nautical miles.
Radiant’s interior is designed by Tim Heywood, with an interior by Terence Disdale and Glenn Pushelberg. The motor yacht can accommodate up to 20 guests and a crew of 44. It is said that the yacht has an extremely powerful water cannon, which can defend itself from pirate attacks.
In conclusion, Abdullah al Futtaim is a well-known billionaire businessman in the UAE, and his family’s wealth is derived from their diverse range of interests, including retail, automotive, technology, and real estate. They are also known to have owned several luxury yachts, including Radiant.
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