⬅ # 669 Jeff Skoll|# 671 Zhu Baoguo

# 670 Hussain Sajwani 

$5.00B

Real Time Net Worth
as of 11/21/2024
-$466 (-0.00%)

# 670 Hussain Sajwani 

$5.00B

Real Time Net Worth
as of 11/21/2024
-$466 (-0.00%)
OccupationFounder, DAMAC Properties
Source of WealthReal Estate
Age71
ResidenceDubai, United Arab Emirates
Marital StatusMarried
Children4
EducationBS, University of Washington
Age-Adjusted Net Worth$2.38B
Hussain Sajwani
Hussain Sajwani
United Arab Emirates
Net worth: $5.00B

Self-Made Score 

Frederique Constant Men's FC718NWM4H6 Worldtimer Automatic Watch With Blue Leather Band

Wealth History

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Biography

Overview

Hussain Sajwani is an Emirati billionaire businessman and founder of DAMAC Properties.
He transitioned from the food services business catering to the U.S. military and Bechtel to luxury real estate after Dubai allowed foreigners to own property in 2001.
He is renowned for extravagant marketing tactics and co-branding deals with luxury names like Versace and Bugatti.
Sajwani has had significant dealings with former U.S. president Donald Trump, particularly in real estate ventures.

Early Life

Hussain Sajwani was born in 1953, the eldest of five children, to entrepreneurial parents.
His father ran a shop at the local souk, selling imported goods from China.
He obtained a government scholarship to study in Baghdad but later pursued industrial engineering at the University of Washington in the US.

Career

Sajwani started in the finance department at Abu Dhabi Gas Industries in 1981 before venturing into catering.
In 2002, he founded DAMAC Properties, now one of the largest property development companies in the Middle East.
Despite facing corruption allegations in Egypt in 2006, Sajwani settled through arbitration and received no punishment.
DAMAC Properties has developed notable projects including golf courses designed by Tiger Woods and luxury apartments with Versace interiors.
He expanded his investments into hospitality with DAMAC Maison Hotels & Resorts and ventured into fashion with acquisitions like Roberto Cavalli.
In 2021, he resigned as chairman of DAMAC Properties, proposing to take the company private.
Sajwani's investment portfolio extends to projects in London and Miami, among others.
He also acquired jeweler De Grisogono in 2022 and announced collaborative development projects in Dubai.

Personal Life

Hussain Sajwani is married, with four children, and resides in Dubai.
His son, Ali Sajwani, is the Managing Director of Operations at DAMAC Group, while his daughter, Amira Sajwani, serves as DAMAC's Senior Vice President – Operations.
Amira holds degrees from University College London and the London School of Economics.

Hussain Sajwani's Wealth is Equivalent to:

3,852,964 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

947,020 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

51,152 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Hussain Sajwani?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Hussain Sajwani's net worth of $5.00B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Hussain Sajwani is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Hussain Sajwani, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey