The Forbes Billionaires List, featuring the richest people in the world has been compiled and 12 UAE-based people have made it to the list this year.
The combined wealth of 12 UAE billionaires, who figure among the world's richest, surged to $36.2 billion this year, from $34.1 billion in 2015 while across the globe, the top 20 richest on the planet saw their wealth depleting by $70 billion.
Among the billionaires from the UAE, five are Emiratis and seven are Indians doing business in the Emirates.
Topping the UAE billionaire list was Majid Al Futtaim, ranking 270 globally with a wealth of $5 billion.
With a fortune of $4.9 billion, Abdulla bin Ahmad Al Ghurair & Family came second.
Indian-born Micky Jagtiani, who ranks 338 globally, came third in the UAE, with an estimated wealth of $4.4 billion. Jagtiani owns Dubai-headquartered Landmark Group, the Middle East retailing giant.
Next on the list was Yusuffali MA with a net worth of $4.2 billion, up from $2.5 billion last year. The head of retail giant Lulu Group, is ranked 358 globally, up from 737 in the previous year.
Real estate tycoon Hussain Sajwani of Damac was ranked fifth richest in the UAE, followed in the sixth place by Abdulla Al Futtaim whose current wealth was estimated at $3.1 billion.
Ravi Pillai, with a net worth of $2.9 billion, who is ranked 595 globally, is the seventh richest man in the UAE.
The eighth richest in the UAE was Saif Al Ghurair, ranked 810 globally, with a wealth of $2.2 billion estimated by Forbes.
Sunny Varkey, head of Gems-Varkey Education group, the largest network of private K-12 schools in the world, was ranked No. 9 in the UAE and 959 globally, with wealth estimated at $1.9 billion.
Next on the list was BR Shetty with an estimated wealth of $1.8 billion. He has interests in healthcare and foreign exchange remittances, followed by Azad Moopen, founder chairman of Aster DM Healthcare who ranks 11th with a net worth of $1.5 billion.
Rounding up the UAE's wealthiest people, in the 12th position was jewellery chain owner Joy Alukkas whose wealth was estimated at $1.1 billion.
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