Majid Al Futtaim Net Worth, Businesses Owned, Age At Death, House, Carrefour

Emirati business owner Majid Al Futtaim, of the famous Al-Futtaim Group, was known to own several business projects in Asia and Africa. He is highly celebrated, especially upon his passing, for his good biography and love for charity.

Majid Al Futtaim Net Worth

Forbes ranks Majid Al Futtaim as the world’s No. 3 richest Arab billionaire in 2021. He and his family held a massive net worth estimated at $4.3 billion at the time of his death.

Majid Al Futtaim Businesses Owned

Majid was the founder and owner of the Majid Al Futtaim Group, established in 1992 after he split the Al Futtaim empire with his cousin, fellow billionaire Abdullah Al Futtaim.

His company owns hyper supermarkets, shopping malls, integrated communities with the Al Futtaim estate, and notable properties like the Mall of the Emirates, which features an indoor ski slope, and the Mall of Egypt; 13 hotels and 29 malls in all.

Majid’s Al Futtaim Group holds the franchise for IKEA in Egypt, Oman, Qatar, and the United Arab Emirates.

In 2016, Al Futtaim Group owned a whopping $10.6 billion in revenues and $760 million in profits.

Majid Al Futtaim Age At Death

Majid passed away on Friday, December 17, 2021. At the time of death, the businessman was probably in his late 80s.

Majid Al Futtaim House

Al Futtaim lived with his wife in his large palace in Dubai, UAE. Details of the look and architecture are yet to surface online.

Majid Al Futtaim Carrefour

Majida Al Futtaim Group launched French retailer Carrefour in 1995, being the exclusive franchisee to operate Carrefour in over 30 countries across the Middle East, Africa, and Asia, and fully own the operations in the region.

Majid Al Futtaim runs over 320 Carrefour stores in 16 countries, serving over 750,000 customers daily and boasting of an employment size of over 37,000 colleagues.