The United Arab Emirates (UAE) has the second largest economy in the Arab world. One third of the nation’s GDP is from oil revenue. Petroleum and natural gas exports play an important in the economy. This nation has some of richest Arab families in the world.
Here is a brief overview of billionaires in UAE according to their Forbes ranking net worth:
10. Azad Moopen-Net worth: $1.1bn (Dh4bn)
Physician Azad Moopen founded and chairs Dubai-based Aster DM Healthcare, a leading health care provider in the Middle East and India. He was a professor at a government-owned medical college in Calicut in south India before he immigrated to Dubai in 1987, where he set up his medical practice,” his profile says.
“Moopen went on to build a healthcare empire that today treats more than 8 million patients annually, employs over 1,000 doctors and covers the spectrum of hospitals, medical clinics, diagnostic centers, pharmacies and a health care consultancy. He’s reportedly planning to list Aster in India. Passionate about reversing the brain drain from India, he has built hospitals and a medical college in his native Kerala state.Sets aside one-fifth of his income for philanthropy every year.
9.BR Shetty- Net worth of $1.7bn (Dh6.2bn)
Former pharma salesman B.R. Shetty immigrated to Abu Dhabi in 1972. He made a big splash last May with the acquisition of UK foreign exchange group Travelex Holdings for an estimated $1.6 billion together with Centurion, the investment arm of Saeed Bin Butti Al Qabaisi, his longtime business partner,” lists his profile.
“Shetty already owns the UAE Exchange, which handles over 10 per cent of all inward foreign remittances into India. His London-listed NMC Health is the UAE’s largest private health care firm. Other interests include generics firm Neopharma which is a contract manufacturer for Pfizer and Merck Serono. Shetty also owns prized real estate such as an apartment on the 100th floor of Dubai’s Burj Khalifa, the world’s tallest building. He offered jobs at NMC to 46 Indian nurses who were stranded in Iraq’s Tikrit after militants seized it