Hussain Sajwani is a prominent Emirati businessman, investor, and philanthropist. He is the founder of DAMAC Properties, a luxury real estate development company headquartered in Dubai, United Arab Emirates. With his keen business acumen and entrepreneurial spirit, he has built an empire in the real estate industry and is widely recognized as one of the most influential and successful businessmen in the Middle East. In this article, we will take a closer look at the life, journey, and achievements of Hussain Sajwani.
Who is Hussain Sajwani? Net Worth, Wealth, Everything
Hussain Sajwani was born on August 10, 1952, in Dubai, UAE. His father was a businessman who traded in watches, pens, and other imported goods. Hussain developed an interest in entrepreneurship at an early age and started working in his father’s shop after school. He graduated from the University of Washington in the United States, where he earned a degree in Industrial Engineering and Economics.
Hussain Sajwani Career & Experience
After completing his education, Hussain Sajwani returned to Dubai and started working as a Contracts Manager at GASCO, a subsidiary of Abu Dhabi National Oil Company (ADNOC). In 1982, he founded DAMAC Properties, which has now become one of the largest real estate development companies in the Middle East. The company has developed some of the most iconic and luxurious properties in Dubai, including the Trump International Golf Club Dubai, DAMAC Hills, and Aykon City.
Apart from real estate, Hussain Sajwani has also invested in various other industries, including hospitality, education, and finance. He is the founder and owner of DAMAC Hotels and Resorts, which operates several luxury hotels and resorts in the Middle East and beyond. He is also the founder of DAMAC Maison, a hospitality brand that offers luxury serviced hotel apartments.
Hussain Sajwani Net Worth
According to Forbes, Hussain Sajwani’s net worth is estimated to be around $3.8 billion as of 2021. He has amassed his wealth through his successful ventures in real estate, hospitality, and other industries.
Hussain Sajwani Lifestyle
Hussain Sajwani is known for his luxurious lifestyle and has a penchant for high-end cars, yachts, and private jets. He owns a custom-built Boeing 747 private jet that reportedly cost him around $500 million. He also has a vast collection of luxury cars, including a Bugatti Veyron, a Lamborghini Aventador, and a Ferrari F12 Berlinetta.
Philanthropy
Apart from his business ventures, Hussain Sajwani is also known for his philanthropic activities. He has donated millions of dollars to various charitable organizations, including Dubai Cares, a charity that provides education to underprivileged children in developing countries. He has also donated to the UAE Red Crescent Society, a humanitarian organization that provides aid to people in crisis around the world.
Hussain Sajwani’s journey from a small-time businessman to a billionaire entrepreneur is truly inspiring. His success in the real estate industry has put Dubai on the map as a global destination for luxury living. His luxurious lifestyle and philanthropic activities have made him a well-respected figure in the business world and beyond.