dubai based billionaire

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

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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.

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.

Jessica Pegula’s billionaire background became a talking point at the Dubai Tennis Championships. In China, fans call her “Dafu,” which means “Big Rich.” The nickname led to a funny exchange with Zheng Qinwen. It also showed why many are curious about someone from a wealthy family choosing the tough life of professional tennis, where Pegula has built her own success.

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.

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.

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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.

Indian conglomerate Reliance ADAG, headed by billionaire Anil Ambani, is keen on having a presence in sectors ranging from power to finance in the Gulf region.

Veena Mallik, who is known for her controversial relationships, is may be in for another one. The item-girl's latest billionaire boyfriend seems to be a well known offender with a string of cases against him in Norway.

Sports icons Cristiano Ronaldo and Amir Khan are relocating to Dubai, drawn by its tax-free income, enhanced safety, and luxurious lifestyle. Ronaldo recently purchased land on Jumeirah Bay, while Khan sought refuge from crime after a London robbery. The city's appeal extends to other athletes like Neymar and Roger Federer, who benefit from its security, amenities, and Golden Visa program.

In an interview Thursday with Bloomberg Television’s Haslinda Amin, Zhao provided the most detailed overview yet of the various deals Binance is examining in the wake of rival FTX’s messsy collapse. The centerpiece of Zhao’s plan is gathering partners for a fund aimed at backing promising but cash-strapped crypto projects.

Billionaire shipping magnate John Fredriksen has left the UK for the UAE, citing unfavourable tax reforms and economic decline. Following the abolition of Britain’s non-dom status, he’s selling his £250 million Chelsea mansion and relocating his business empire to Dubai. His move highlights a growing exodus of wealth from Britain to more tax-friendly hubs like the UAE.