Hussain Sajwani Net Worth

Hussain Sajwani has an estimated net worth of $15.3 billion, according to Forbes Real-Time Billionaires, Hussain Sajwani profile (figures as of October 20, 2026). That is up from $2.4 billion in 2019.

Hussain Sajwani is an Emirati businessman best known for founding DAMAC Properties in 2002 and leading it as chairman. He built his wealth in real estate after starting in food services. Earlier in his career, he worked in finance at Abu Dhabi Gas Industries in 1981, then launched a catering venture. That business served clients including the U.S. military and Bechtel and is still operating as Global Logistics Services.

His move into property came after Dubai opened ownership to foreigners in 2001. Sajwani shifted fast and sold units in a residential building in less than 6 months, then expanded through DAMAC. The company grew with luxury projects and branding tie-ins, including deals with Versace and Bugatti. Beyond real estate, his private investment company owns businesses such as Roberto Cavalli, and his group has also pushed into data centers. Forbes put his net worth at $15.3 billion in October 2026.

How Hussain Sajwani built his fortune

Most of Sajwani’s wealth comes from property. He bought land and real estate in Dubai in the 1990s, then founded DAMAC Properties in 2002 as the city’s market opened wider to foreign buyers. A quick early sale in less than 6 months showed demand, and DAMAC went on to focus on upscale developments. The business also used brand partnerships to stand out, including projects linked to Fendi, Roberto Cavalli, Paramount Hotels and Resorts, and Chelsea.

Before real estate, Sajwani built a catering business after leaving Abu Dhabi Gas Industries. That venture supplied the U.S. military and Bechtel, giving him an earlier operating base outside property. His business interests later widened again through DAMAC Group and new digital infrastructure projects. In 2021, Edgnex was founded and it was renamed DAMAC Digital in 2025. The platform focuses on data centers across the Middle East, Europe, and Asia, with projects in 14 countries and 6GW of capacity.

What Forbes says about his net worth

Forbes has tracked Sajwani’s fortune through several sharp swings. It estimated $2.4 billion in 2019, then $1.4 billion in 2020. The figure returned to $2.4 billion in 2021 and rose to $2.7 billion in 2022. By 2023, Forbes put him at $4.5 billion, then $5.1 billion in 2024. The biggest jump came next, when Forbes estimated $10.2 billion in 2025 and $15.3 billion in 2026.

Those changes line up with the mix of businesses tied to Sajwani. Real estate remains the center, with DAMAC as the main asset, but the group has also added fashion, retail, and data center projects. In 2019, his private investment firm completed the acquisition of Roberto Cavalli. In 2023, DAMAC Mall officially opened and drew about 1.3 million annual visitors. In 2025, Sajwani also announced a $20 billion plan to build new data centers across the US.