Abdulla Al Futtaim
Abdulla Al Futtaim is an Emirati billionaire, the owner of Al-Futtaim Group, and the cousin of fellow billionaire Majid Al Futtaim. He earned his wealth through operations in the automotive field, as well as retail and real estate. As of October 2018, his net worth was estimated at $3.1 billion.
- Abdulla Al Futtaim owns conglomerate Al Futtaim Group, run by his son Omar, who is vice chairman.
- In 1955, the group became the exclusive distributor in the U.A.E. of Toyota, which has the leading share of the auto market with nearly 30%.
- Al Futtaim also has the license to operate Hertz, Ikea, Toys “R” Us and Zara in the U.A.E.
- The retailers anchor its malls, which include Dubai Festival City and Cairo Festival City.
- His cousin Majid Al Futtaim is also a billionaire.