How rich is Majid Al Futtaim?
Majid Al Futtaim Net Worth:
Majid Al Futtaim net worth, wiki & biography:
Majid Al Futtaim Net Worth $3.6 Billion
Majid Al Futtaim is a property developer and billionaire, and the alienated brother of billionaire Abdulla Al Futtaim. Majid now comes with an estimated net worth of $3.6 Billion. Majid Al Futtaimis the owner of Majid Al Futtaim Holding that is run by non-family members. It manages malls and supermarkets throughout the Middle East, including 48 Carrefour hypermarkets. It’s rallied from a depressed housing marketplace and losses subsequently increased his net worth by $2.5 billion. It’s greatly invested in Egypt through its City Center Malls and Carrefour, and is not backing away from the nation ‘s chaos. Added malls are expected in 2014 and 2015. Recently, additionally, it offered the billionaire Mansour brothers around $250 to $300 million to purchase their supermarket chain, Metro. The group is now conducting due diligence.