Majid Al Futtaim
Majid Al Futtaim | |
|---|---|
| Born | 1934 |
| Died | 2021-12-17 Dubai, United Arab Emirates |
| Occupation | Entrepreneur |
| Known for | Founder of Majid Al Futtaim Group |
Majid Al Futtaim (1934 – 17 December 2021) was a prominent Emirati billionaire entrepreneur and the founder of the Majid Al Futtaim Group, a diversified real estate and retail enterprise with operations spanning Asia and Africa.
Early life
Majid Al Futtaim was related to billionaire Abdulla Al Futtaim, leader of the Al-Futtaim Group, though the two later became estranged. The Majid Al Futtaim Group has expanded into 20 countries internationally and employs more than 45,000 individuals.
Career
In 1992, following a division of the family’s business interests with his cousin, he established the Majid Al Futtaim Group. By September 2021, Forbes valued his personal fortune at approximately US$4 billion.
Notable buildings
Among the group's flagship properties are the Mall of the Emirates, which includes an indoor ski slope, and the Mall of Egypt, inaugurated in March 2017.
Personal life and death
Al Futtaim was the owner of the yacht Quattroelle, originally constructed by Lürssen in 2013 for Michael Lee-Chin, who sold it in 2014. The yacht is staffed by a crew of 29.
He resided in Dubai with his wife. Al Futtaim passed away there on 17 December 2021. His son, Tariq Al Futtaim, is currently a member of the Majid Al Futtaim Group’s board of directors.