10 Billionaires and their wealth in 'Dubai'
The rich people of different countries have secretly built mountains of wealth in Dubai, United Arab Emirates. A global investigative journalism project unearthed these wealth of documents. The leaked documents range from businessmen and political figures to global embargoes, money launderers and criminals. Their names and wealth have been revealed.
The document named 'Dubai Unlocked' was released on Tuesday.
It also includes accounts of the wealth of businessmen such as Indian billionaire Mukesh Ambani.
Forbes found 76 properties worth more than $600 million owned by 22 billionaires and their families. They came from 10 countries in four continents of the world.
The Forbes report lists the names of 10 billionaires, their net worth and assets in Dubai.
Mukesh Ambani
The name of Indian citizen Mukesh Ambani is at the beginning of the Forbes report. His net worth is 11 thousand 20 million dollars. 'Various sectors' are mentioned as sources of wealth. He has an estimated fortune of $240 million in Dubai's Palm Jumeirah artificial island. Mukesh Ambani is an Indian billionaire businessman. He is the President and Managing Director of Indian company Reliance Industries. According to Forbes as of March 2024, he owns about 11,780 million dollars, and is also the richest person in Asia and the ninth richest person in the world.
MA Yusuf Ali
He is also an Indian citizen. His family's wealth is around 7.8 billion dollars. The source of wealth is 'various sectors'. They have properties worth $70 million in Palm Jumeirah, Dubai Marina and International City.
Shamshir Vyalil
Another Indian, Shamshir Vyalil, has a net worth of $350 million. The source of wealth is the 'Healthcare' sector. He owns $6.8 million worth of assets in Dubai Hills and Dubai Production City.
Suhail Bahwan
He is a citizen of Oman, a Middle Eastern country. Suhail Bahwan is the owner of 190 crores of wealth. The source of wealth is 'various sectors'. He has assets worth $450 million in Jumeirah Bay Island, Medan and Downtown Dubai.
Andrei Molchanov
Russian citizen Andrei Molchanov and his family are worth $1.3 billion. The source of wealth is 'building material'. They have assets of 2.3 million dollars in the Palm Jumeirah area.
Vinod Adani
He is a citizen of Cyprus. Vinod Adani is the owner of assets of 2 thousand 220 million dollars. Its source of wealth is shown as 'Infrastructure and Commodities'. He has properties worth $20 million in Emirates Hill, Jumeirah Lake Towers, Jumeirah Park, Downtown Dubai, Dubai Marina, International City and Dubai Silicon Oasis. Vinod Adani is listed as Indian on the OCCRP website.
Changpeng Zhao
Canadian citizen Changpeng Zhao is the owner of 3 thousand 3 billion dollars. Source of wealth is 'Crypto Currency Exchange'. He owns $140 million in downtown Dubai.
Socket Burman
He is a citizen of United Kingdom. His wealth is 150 million dollars. Source of wealth is 'consumables'. Socket Burman has assets of 1 crore 4 million dollars in Palm Jumeirah Island in Dubai.
Igor Makarov
Igor Makarov is a citizen of Cyprus. He owns a wealth of 210 million dollars. Source of wealth is 'Investment'. He owns $1.1 million worth of assets in the Palm Jumeirah area.
Naguib Sawiris
He is a citizen of Egypt. Naguib Sawiris and his family are worth $3.8 billion. Source of wealth is 'Telecom' sector. They have assets worth $1 million in the Palm Jumeirah area.
The list also includes citizens of China, Russia and Ukraine, as well as citizens of countries such as Yemen, Nigeria and Kenya. There is also the name of a banned Myanmar arms dealer.
Source: Forbes, OCCRP
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