Hussain Sajwani didn’t always use to have billions to his name. No, the investor has had to work his way up the food chain to become one of the most influential personalities in the Middle East and the US. Today, Hussain Sajwani has a wealth estimated at $3.3B, according to Forbes Magazine. Here are the milestone achievements of the mystery-shrouded UAE citizen running the global conglomerate, DAMAC Properties.
Education and Career
After his formal education in the Middle East, Hussain took to the United States. Hussain got enrolled at the Washington University in the late eighties. He graduated from the Educational School with a top honors BA. Later, upon returning to his native, he sought employment at an Oil Company, GASCO. Dissatisfied by the pay as a manager, he quit his job and ventured into the catering business.
Catering turned out to be quite the lucrative business for the young Sajwani. Eventually, the entrepreneur switched jobs again, this time heading into the emerging real estate industry. Before the 90’s, foreigners weren’t allowed to own land in the Emirates. When that rule got overturned, Hussain Sajwani family were among the pioneers who capitalized on the frenzied demand which followed.
Quick Fact Sheets on DAMAC Properties
- Founded in 2001
- Has above 2000 employees
- It went public on the LSE on early 2015
- It has sold close to 20K units
- Damac reported a revenue of $1.94B in 2016
His latest project grabbed lots of media attention because it was a collaborative effort featuring Damac owner, Hussain Sajwani and the President of the USA, Donald Trump. The billion dollar project culminated into the Damac Akoya residential properties getting launched. The crown jewel of the residential project is the International Trump Golf Course designed by Tiger Woods and other revered architects.
Hussain keeps on scooping prestigious prizes and accolades for his outstanding contribution to the professional world. These include:-
- Ranked in the top 100 most influential Arabs
- Top CEO Award’s winner in real estate realm (2017)
- 6th most influential person in the entire Dubai
- Voted Property CEO of the year 2013