Majid Al Futtaim was an Emirati Billionaire Businessman who recently died aged 90s. Here is more on his net worth and family.
Futtaim, who built his career from working as a bank clerk to creating an enormous business empire, died on Friday, December 17, 2021.
He was on the World’s Top 10 richest Arabs’ list in 2021 by Forbes with a net worth of 3.6 billion dollars.
Majid Al Futtaim Age – He Was In His 90s At Time Of Death
The businessman’s age hasn’t been revealed in the media. According to some sources, Majid was born in the 1930s.
The cause of his death has not been announced, nor has his age at the time of his death.
ودعنا اليوم قامة إماراتية غالية.. ورجلاً أمضى حياته في خدمة وطنه وأهله.. رَحِم الله ماجد الفطيم وأسكنه فسيح جناته. pic.twitter.com/rDzcF5bv8y
— Hamdan bin Mohammed (@HamdanMohammed) December 17, 2021
Majid has an Emirati Nationality, but information about his ethnicity is unknown. Furthermore, his height and weight details are also a mystery.
However, recently, prayers and condolences have been pouring on social media for him and his family.
What Is Majid Al Futtaim Net Worth?
Majid was born in a business-oriented family. So, he handled his family’s empire and made everything under his control.
According to Forbes, Al Futtaim’s total net worth was 4 billion US dollars in September 2021.
The businessman had his business linked with the international market and Emirati Real estate.
Create positive ripples.#GreatMoments
? @westinbahrain pic.twitter.com/5H7lf78D52— Majid Al Futtaim (@MajidAlFuttaim) December 16, 2021
He also owned a yacht named Quattroelle, which Michael LeeChin sold in 2014.
Majid Al Futtaim didn’t have a salary as he was the owner. Hence, every profit the company earned belonged to Majid.
As his business empire is almost 29 years old, he must have expanded its links and increased his earnings year by year.
Majid Al Futtaim Wikipedia Explored
As in 2022, Majid Al Futtaim is featured on the official webpage of Wikipedia and has his biography and career enlisted there.
Majid Al Futtaim is an Emirati businessman, the founder, and the Majid Al Futtaim Group owner.
He is also an Emirati real estate and retail conglomerate, with ongoing projects in Asia and Africa continents.
Continuing our commitment to creating opportunities for #Emirati talents across our sectors, our Human Capital team hosted a tech-focused recruitment day. (1/2)@NAFIS_UAE pic.twitter.com/hYF7a83dRI
— Majid Al Futtaim (@MajidAlFuttaim) December 15, 2021
The industrialist was related to billionaire Abdulla Al Futtaim as the cousin who was the head of the Al-Futtaim Group. The organization currently is spread over 15 international markets and has employed more than 33000 people.
After Majid’s separation from his cousin, he founded and became the Majid Al Futtaim Group owner in 1992.
This group has many properties, including the Mall of Emirates, indoor ski slope, and Mall of Egypt.
Who Are Majid Al Futtaim Family Members?
The tycoon has kept his personal life and business life apart and hasn’t merged them. Hence, not many details regarding his private life are available on the internet.
Futtaim was a married man and lived with his wife in Dubai, but the date of his marriage hasn’t been disclosed.
We are deeply saddened to announce that our beloved founder, Mr Majid Al Futtaim, passed away on the 17 December 2021. (1/6) pic.twitter.com/3UWnNFIdYe
— Majid Al Futtaim (@MajidAlFuttaim) December 17, 2021
Likewise, details about his wife’s name and profession are also missing from the internet. However, he has a son named Tariq Al Futtaim, who serves as the board member of the Majid Al Futtaim Group.
His family members announced his death immediately on social media, but they are yet to reveal the actual cause of his demise.