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Majid Al Futtaim
Majid Al Futtaim (1934 – 17 December 2021) was an Emirati billionaire businessman, and the founder and owner of the Majid Al Futtaim Group, an Emirati real estate and retail conglomerate, with projects in Asia and Africa. Early life Majid Al Futtaim was the cousin of fellow billionaire Abdulla Al Futtaim, the head of the Al-Futtaim Group, from whom he later became estranged. The Al-Futtaim Group currently spans 15 international markets and employs over 33,000 people. Career He was the founder and owner of the Majid Al Futtaim Group, which he began in 1992 after splitting the Al Futtaim empire with his cousin. According to ''Forbes'', Al Futtaim's net worth was US$4 billion, in September 2021. Notable buildings His company's most notable properties include the Mall of the Emirates, complete with an indoor ski slope, and the Mall of Egypt that opened in March 2017. Personal life and death Al Futtaim owned the yacht ''Quattroelle'', built by Lürssen in 2013 for Michael L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majid Al Futtaim Group
Majid Al Futtaim ( ar, ماجد الفطيم) is an Emirati holding company based in Dubai. As of 2015, it owned and operated shopping malls, retail, and leisure establishments in the Middle East and North Africa with operations in 13 countries including UAE, Lebanon, Egypt, Saudi Arabia, Oman, Bahrain, Kuwait, Qatar, Jordan, Pakistan, Iraq, Armenia, Iran (through Hyperstar, a Carrefour subsidiary company), and Georgia. The group was established by Majid Al Futtaim in 1992 and manages three major operating subsidiaries: Majid Al Futtaim Properties, Majid Al Futtaim Retail, and Majid Al Futtaim Ventures. In 2016, the group has $10.6 billion in revenues and $760 million in profits. History In December 2018, group founder, Majid Al Futtaim was conferred the Royal Commendation Order by the Sultan of Oman, Qaboos bin Said al Said. In December 2021, Majid Al Futtaim died in Dubai. In September 2022, the company was listed by Forbes in the Middle East's Top 100 Arab Family Busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdulla Al Futtaim
Abdulla Al Futtaim (Arabic Arabic (, ' ; , ' or ) is a Semitic languages, Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C ...: عبدالله الفطيم) is an Emirati billionaire businessman, owner of Al-Futtaim Group, and cousin of fellow billionaire Majid Al Futtaim. He earned his wealth through operations in the automotive field, as well as retail and real estate. ''Arabian Business'', 2010. Accessed 13 October 2015. As of October 2021, his net worth was estimated at $2.2 billion. Personal life He is married and lives in Dubai.[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American business magazine ''Forbes'' produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916. As of 2018, there are over 2,200 U.S. dollar billionaires worldwide, with a combined wealth of over US$ 9.1 trillion, up from in 2017. According to a 2017 Oxfam report, the top eight richest billionaires own as much combined wealth as "half the human race". As of 2021, eight people have reached the status of USD hectobillionaires, meaning that each has had a net worth of at least $100 billion. Current U.S. dollar billionaires According to the ''UBS/PwC Billionaires Report ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Futtaim Group
The Al-Futtaim Group ( ar, مجموعة الفطيم, Majmouat al-Futtaim) is a large conglomerate based in Dubai, United Arab Emirates. History The group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial, and services organization. The Al-Futtaim family split its business interests in 2000 with Abdulla Al Futtaim controlling the automotive and mainly retail business, and his cousin Majid controlling a property development business (now known as Majid Al Futtaim Group). In September 2013, the group bid $86 million to take full control of the Nairobi-based car retailer CMC Holdings. Operations Al-Futtaim Group employs over 44,000 people and operates eight divisions comprising automotive, electronics, insurance, services, real estate, retail, industries, and overseas. Sheikh Mohammed bin Rashid Al Maktoum mediated a settlement between Abdulla Al Futtaim and his rival, cousin Majid Al Futtaim, in 2000 which split th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mall Of The Emirates
Mall of the Emirates ( ar, مول الإمارات) is a shopping mall in Dubai. Developed and owned by Majid Al Futtaim Group, it opened in November 2005 and is located at interchange four on Sheikh Zayed Road. The multi-level shopping mall currently features more than 630 retail outlets, 7900 parking spaces, over 100 restaurants and cafés, 80 luxury stores and 250 flagship stores. It has a total gross leasable area of 255,489 square meters. It also hosts family leisure activities including Ski Dubai (the Middle East's first indoor ski resort and snow park), the 500-seat capacity Dubai Community Theatre and Arts Centre and Magic planet, one of the largest indoor family entertainment centers in Dubai. In November 2005, it was named the World's Leading New Shopping Mall at the World Travel Awards in London. In 2017, Forbes named Mall of the Emirates as one of the top five shopping malls in Dubai. Construction and history The project was launched in October 2003 at an estimated c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ski Dubai
Ski Dubai is an indoor ski resort with 22,500 square meters of indoor ski area. The park maintains a temperature of -1 degree to 2 degrees Celsius throughout the year. It is a part of the Mall of the Emirates, one of the largest shopping malls in the world, located in Dubai, United Arab Emirates. It was developed by Majid Al Futtaim Group, which also operates the Mall of the Emirates. Opened in November 2005, the indoor resort features an 85-metre-high indoor mountain (equivalent to a 25-story building) with 5 slopes of varying steepness and difficulty, including a 400-metre-long run, the world's first indoor black diamond run, and various features (boxes, rails, kickers) that are changed on a regular basis. A quad lift and a tow lift carry skiers and snowboarders up the mountain. Equipment such as skis and jackets are provided with the ticket and one can buy equipment in the nearby stores. Adjoining the slopes is a 3,000-square-metre Snow Park play area comprising sled and tobo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mall Of Egypt
Mall of Egypt is the first shopping destination of its kind in Egypt. The mall is owned and managed by the Majid Al Futtaim Group Majid Al Futtaim ( ar, ماجد الفطيم) is an Emirati holding company based in Dubai. As of 2015, it owned and operated shopping malls, retail, and leisure establishments in the Middle East and North Africa with operations in 13 coun ..., the leading pioneer in shopping malls, retail, and leisure across the Middle East and North Africa region. Mall of Egypt is located on Al Wahat Road in 6th of October. With a Gross Leasable Area (GLA) of 165,000 square meters, Mall of Egypt houses the best local and international retailers, including an unparalleled high-end fashion offering of the world’s most prestigious brands. Moreover, the mall will house major department stores as well as other fashion, lifestyle, sports, electronics, fine dining, and home furnishing outlets. With direct access to Wahat Road, the mall includes 6,500 car parking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lürssen
Lürssen (or Lürssen Werft) is a German shipyard with headquarters in Bremen-Vegesack and shipbuilding facilities in Lemwerder, Berne and Bremen-Fähr-Lobbendorf. Lürssen designs and constructs yachts, naval ships and special vessels. Trading as Lürssen Yachts, it is one of the leading builders of custom superyachts such as Paul Allen's ''Octopus'', David Geffen's ''Rising Sun'', and Khalifa bin Zayed Al Nahyan's ''Azzam'', the second largest private yacht in the world at 180 m in length after the REV Ocean''. History On 27 June 1875 the 24 year-old Friedrich Lürssen set up a boatbuilding workshop in Aumund, a suburb of Bremen, Germany. The focus of work in the first years was on work boats for fishing and ferry operations. Hull number one was a five meter long rowboat. From the 1880s Lürssen opened up the sport boat market. In 1886 the first motorboat in the world was built by Lürssen (according to his own account).''Kölner Stadt-Anzeiger''. 16. September 2011, P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Lee-Chin
Michael Lee-Chin, (born 3 January 1951) is a Jamaican-Canadian billionaire businessman, and philanthropist and the chairman and CEO of Portland Holdings Inc, a privately held investment company in Ontario, Canada. Lee-Chin was appointed to the Order of Ontario in 2017. In 2016, Lee-Chin was appointed chairman of the government of Jamaica's Economic Growth Council (EGC). Lee-Chin has made several large pledges and/or donations in Canada to the Royal Ontario Museum in 2003, the Rotman School of Management at the University of Toronto, McMaster University and the Joseph Brant Hospital Foundation. Lee-Chin served as chancellor of Wilfrid Laurier University. Background Lee-Chin was born in Port Antonio, Jamaica, in 1951 to Aston Lee and Hyacinth Gloria Chen. Both his parents were biracial African and Jamaican-Chinese. When Lee-Chin was aged seven, his mother married Vincent Chen who had a son from a previous relationship, and the couple had seven children together, six boys and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of the Middle East and North Africa. D Long, B Reich. p.157 Established in the 18th century as a small fishing village, the city grew rapidly in the early 21st century with a focus on tourism and luxury, having the second most five-star hotels in the world, and the tallest building in the world, the Burj Khalifa, which is tall. In the eastern Arabian Peninsula on the coast of the Persian Gulf, it is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. A centre for regional and international trade since the early 20th century, Dubai's economy relies on revenues from trade, tourism, aviation, real estate, and financial services. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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