5 UAE billionaires make Forbes 2017 World Rich List

The popular American business magazine Forbes publishes an annual rich list, and it's basically the who's who of the world's elite.

This year the listing is made up of 1,000 names, including five billionaires from the UAE.

Majid Al Futtaim, CEO of the Majid Al Futtaim group is the first Emirati to appear on the list at number 125, but his fortune is not to be sniffed at, with an estimated worth of $10.6 billion dollars.
See the full billionaire list here.

1. Majid Al Futtaim

 World ranking: 125th

Net worth: $10.6 billion

CEO of the Majid Al Futtaim group - a Dubai based holding company with business interests in various sectors across 13 countries in the MENA region

His company built the Mall of the Emirates

2. Abdulla bin Ahmad Al Ghurair

World ranking: 202nd 

Net worth: $6.8billion

Abdulla bin Ahmad Al Ghurair is the founder of leading Emirati bank; Mashreq Bank

3.Abdulla Al Futtaim

World ranking: 427

Net worth: $4billion

Cousin of Majid Al Futtaim  who leads this listing, Abudulla Al Futtaim has businesses across the automative, real estate and retail industry.

4. Hussain Sajwani

World ranking: 501

New worth: $3.7 billion

CEO of Dubai real estate company DAMAC properties.

5. Saif Al Ghurair

World ranking 973

Net worth $2.1 billion

CEO the the Al-Ghurair group, his diversified business includes real estate and manufacturing interests.