Mohamed Alabbar is a UAE billionaire. He is Chairman of the Board of Emaar Properties. During his life he was able to collect a huge capital. The exact amount of his cash and income is disputed. After the Burj Khalifa was put into operation, inaccurate data began to appear in open sources about the owner of the skyscraper and the profit that the Dubai landmark brings.
Mohamed Alabbar’s Source of Income
The largest male companies are Emaar Properties and Eagle Hills Properties. These companies provide services for the development, construction, maintenance of commercial and residential real estate around the world. The annual profit of these giants is about 2 billion dollars. This does not mean that Mohamed Alabbar gets richer by that amount every year. Profit is evenly distributed among all shareholders.
The Burj Khalifa skyscraper brings good money. However, Mohamed Alabbar does not own it. The building is owned by Emaar Properties. If readers are interested in the personal income of a billionaire, then reports on the profits from the operation of a skyscraper will not bring them closer to the truth.
Africa Middle East Resources, RSH and investment fund Capital City Partners also provide money to Alabbar. The first is engaged in the search, development and sale of minerals in Africa. The second is a distributor of high fashion goods.
Such a variety of financial activity of a man is a consequence of his outstanding intellectual abilities. This is the genius of marketing and economics. He is a doctor of economic sciences. Mohamed received honorary degrees from Seattle University and the Sun and Moon University in South Korea. The fact that the success is natural is evidenced by the fact that the first job of the young Alabbar was a position in the Central Bank of the United Arab Emirates.
Mohamed Alabbar Net Worth
The approximate net worth of Mohamed Alabbar in 2022-2023 is $5 billion. The value of the companies he heads exceeds $20 billion. However, he is not the sole beneficiary of the real estate giants.
The global crisis, which began to manifest itself in 2022 due to global geopolitical upheavals, may affect the future income of the billionaire. Emaar Properties has shown tremendous financial growth for several years. It is worth watching the company’s reports in the following periods. The lion’s share of the personal capital of the real estate mogul consists of the money that he received from the work of this company. However, there is no reason to believe that in the coming years, Mohamed Alabbar can be valued at less than $5 billion. Only the disruption of grandiose construction plans can change the situation.
Annual Income
Mohamed Alabbar does not inform the public of personal annual profits. Many sources can bring him up to $ 1 billion annually. However, the man is constantly investing in new projects. He is also involved in charity work. The billionaire does not stop there. Net numbers can only be known if a person is not active and spends money on his life. This is not about Alabbar. His money is constantly working.