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UAE-based business leaders occupy prominent positions in the 37th annual Forbes list of the world’s billionaires. Among the 10 richest people in the world residing in the Emirates are Pavel Durov, Yusuf Ali MA, Mickey Jagtiani, Hussain Sajwani, Ravi Pillai, Abdullah bin Ahmed Al Ghurair, Sunny Varkey, Joy Alukkas, Abdullah Al Futtaim and his family, Dr. Shamsher Vayalil.
Pavel Durov, the founder of Telegram Messenger, retained his position as the richest businessman living in the country with a net worth of $11.5 billion, taking the 148th place in the world. Ranking 497 on the list was retail magnate Yusuff Ali, chairman of the Lulu Group, who has a net worth of $5.3 billion.
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At number 511 on the list is Micky Jagtiani, chairman of the Landmark Group, with a net worth of $5.2 billion. Followed by Hussain Sajwani, founder and CEO of Damac Properties, in 611th place with a net worth of $4.5 billion. Ravi Pillai, Chairman of the Group, has a net worth of $3.2 billion, which ranks him at 905th.
Abdullah bin Ahmed Al Ghurair, founder of Mashreq Bank, and Sunny Varkey, founder of GEMS Education Group, ranked 982, with a net worth of $3 billion each. Joy Alukkas, Chairman of The Joy Alukkas Group, ranks 1067th with a net worth of $2.8 billion.
He is followed by Abdullah Al-Futtaim and his family, who own the Al-Futtaim Group, with a global ranking of 1,272 and a net worth of $2.4 billion.
Dr. Shamsher Vayalil, founder and chairman of Burjeel Holding, completes the tenth number of the world’s richest people in the country, with a net worth of $2.2 billion and is ranked 1368th globally. It is worth noting that both Durov and Dr. Shamsher are among the youngest of the world’s richest people residing in the UAE.
Among the list of the world’s richest people with ties to the UAE is Mukesh Ambani, who ranked ninth in the world with a net worth of $83.4 billion, and who regained his position as the richest person in Asia. Last year, he bought a luxury property in the Emirate of Dubai for the second time, for 600 million dirhams.
According to Forbes magazine, the wealth of half of the world’s billionaires decreased compared to last year, and up to 254 people were dropped from the list, while there were 150 billionaires joining the list for the first time.
Internations 2022 poll
In addition, the “InterNations 2022” survey showed that the UAE is one of the three best countries in the world for decent living, stability and starting a new life in it.
The survey included nearly 12,000 expatriates who moved abroad to live in other countries around the world. The other two countries are Bahrain and Singapore.
Bahrain ranked first out of 52 locations where newcomers say it is easy to obtain a visa, easy to find housing, access government services online, and the ability to move around without having to speak the local language.
The list of the top 10 places expats say it is easy to settle in, in order: Bahrain, UAE, Singapore, Estonia, Oman, Indonesia, Saudi Arabia, Qatar, Kenya and Canada.
In general, the survey showed that the three best destinations for members of the “InterNations” network are Bahrain, the UAE and Singapore, all of which provide ease of communication without major language barriers and have minimal bureaucratic difficulties. In an interview with CNBC, a spokesperson for InterNations said that the three countries are known as preferred destinations for expatriates, and for this reason they may have adapted to make things easier for newcomers. They also pointed out that the English language is widely spread in the country, which facilitates administrative transactions for foreigners when they move recently.
polarization of Indians
According to “InterNations” data, most of the expatriates who move to the UAE, Bahrain and Singapore come from India, and move for work-related reasons (to find a job, for an official mission, or because they are international employees, or they started their own business).
Canada is in the top 10 but new residents there say it is relatively difficult to find affordable housing.
In contrast to the top three; The three countries where expats find it difficult to settle include Germany, Japan and China due to difficult language barriers and difficult digital infrastructure; According to the network «Internationals».
And “Internationals” is a social network of expatriates with 4.5 million members spread in 420 cities around the world, and the regions are classified based on what is called the “Expat Essentials” index.
It takes into account newcomer ratings of digital living (access to online administrative services), housing (affordability and ease of finding accommodation for expats in particular), administrative (ease of opening a local bank account or obtaining a visa), and language ( Being able to move around without having to learn a new language or the local language is easy).
Beckford report.
In the context, the British international transport and freight company «Bickford» revealed that the UAE is among the most preferred destinations for the British to move to and live in.
The company’s report revealed that Australia is the international destination for UK residents looking to move and live outside the Kingdom. The report showed that the United States came in second place after Australia, and Canada was among the top five destinations.
Nearly 400 people moved to Australia 2022 compared to 2021, and the number of people who moved to the UAE increased by about 250.
The UAE is characterized by low crime rates, tax-free income, attractive housing, and high salaries; These are the factors behind choosing the people who moved to live there, in addition to the appropriate exchange rates
