About Majid Al Futtaim & family
Majid Al Futtaim founded retailing and entertainment giant Majid Al Futtaim Holding, known as MAF, in 1992.
MAF owns and operates 13 hotels and 26 malls, including Mall of the Emirates in Dubai and the Mall of Egypt in Cairo.
It also has the exclusive license to operate hypermarkets for French company Carrefour across the Middle East, North Africa and Central Asia.
His son Tariq sits on the board while non-family members manage the conglomerate, which publishes its revenues and profits annually.
The group had $9.4 billion in revenue in 2018, but registered a small loss because of a market downturn.
Personal stats
Citizenship
United Arab EmiratesSource of wealth
real estate, retailSelf-made
inherited and growingMajid Al Futtaim & family’s fortune is worth
72K
troy ounces of gold
66K
median U.S. household
43K
median U.S. income
0.086%
U.S. credit card volume
0.017%
GDP of the United States
0.013%
United States debt
Net worth history
Annual ranking
Did you know?
MAF owns the rights to the LEGO store and American Girl in the Middle East.
Net worth over time
Real-time ranking
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