dubai based billionaire

Adani Enterprises has agreed to a $275 million settlement with the US Treasury over alleged violations of sanctions involving Iran. The company reportedly purchased liquefied petroleum gas from a Dubai trader that was actually sourced from Iran. This settlement occurs alongside other legal proceedings involving Gautam Adani in the US.

Indian-origin billionaires are increasingly powering the UAE's wealth, with nine individuals on Forbes Middle East's 2026 list commanding $49.9 billion. These entrepreneurs have built multi-billion-dollar businesses across various sectors, reflecting the UAE's appeal as a hub for global wealth due to its business-friendly policies and strategic location.

No city, no matter how go-go and glamorous, can buy its way out of the forces of history and geography. Any serious disruption — a hurricane, a wildfire, a pandemic, a terrorist attack, a popular uprising, a sudden change in tax law — can send the mobile and the unattached off seeking a new safe haven

India would do well to separate US the nation, from its misrepresentative Donald Trump

Pavel Durov, CEO of Telegram, emerged as Dubai's richest man with a $17 billion net worth, surpassing traditional wealth. After founding Russia's VKontakte and clashing with authorities, he moved Telegram's headquarters to Dubai, gaining UAE citizenship. His platform's global reach and the introduction of Telegram Premium solidified his billionaire status.

A Dubai-based Indian billionaire will donate a total of $130,790 a year to fund the return tickets of expatriate prisoners who have been released from jails in the UAE.

Dubai's luxury property market has achieved a significant milestone with a Dh422 million apartment sale. This record-breaking deal underscores the sector's strength despite ongoing regional geopolitical tensions amid Iran-US-Israel war. Global investors continue to view Dubai as a secure destination for wealth preservation. The emirate's appeal is fuelled by its strategic location, luxury lifestyle and investment security.

Elon Musk and Shivon Zilis met Hussain Sajwani at the White House. Sajwani shared the photo on social media. Sajwani, chairman of DAMAC Properties, planned to invest $20 billion in US data centers. Donald Trump praised the investment at Mar-a-Lago. Sajwani mentioned developing data centers across Arizona, Texas, and Michigan.

Dubai-based Indian businessman Firoz Merchant is expanding his philanthropic efforts beyond releasing insolvent inmates during Ramadan. His initiative now includes direct financial support for cancer patients struggling with medical costs, reflecting a broader humanitarian approach to social welfare in the UAE.

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Pavel Durov, the Russian-born tech entrepreneur behind Telegram, is Dubai's richest man with a $17.1 billion net worth. He settled in Dubai for its tax-friendly policies after leaving Russia over data privacy. Recently, Durov accused French intelligence of pressuring him to censor Moldovan channels, adding to his controversial public image amidst ongoing legal issues in France.

India's wealth soared with 25 new billionaires, including Renuka Jagtiani of Landmark Group. Her children are group directors, contributing to the global billionaire total of $14.2 trillion.

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If Adani, with a net worth of $135 billion, follows through on this plan, he’ll join a crop of ultra-rich who have family offices to manage their wealth, personal investments and philanthropy.

The top three individuals, who are self-made billionaires in the UAE with a combined net worth of more than $12 billion, are leading the rankings, with retail magnate Yusuff Ali M A, managing director of LuLu Group International, taking the crown as the top business owner.