Hussein Sajwani — founder and CEO of DAMAC Properties and DAMAC Group.
Biography
- 1953 — was born in Dubai, UAE. His parents worked in retail.
- 1981 — graduated from the University of Washington.
Hussein Sajwani’s religion is Islam.
Career
- 1981 — Started working in Abu Dhabi Gas Industries.
- 1983 — Founded a catering company.
- The 1990s — Acquired property and land in UAE.
- 2002 — Founded the DAMAC Properties.
- 2015 — DAMAC Properties became a public company.
- 2019 — DAMAC Group acquired the fashion group Roberto Cavalli from Italy.
- 2021 — Voluntarily resigned as chairman of the Board of DAMAC Properties.
- 2022 — Delisting of DAMAC from the Dubai Stock Exchange.
Politics
- 2013 — Damac Hussain Sajwani partnered with Donald Trump to create two branded golf courses in Dubai.
- January 2025 — announced its intention to invest $20 billion in the creation of new data centres in the United States together with Donald Trump.
Wealth
August 2024 — net worth $5.1 billion.
Family
Married, has 4 children. Son Ali and daughter Amira work for DAMAC Group.
Crime
- 2011— A court in Egypt sentenced him to 5 years in prison in absentia on corruption charges (the prosecutor later suspended the sentence).
Merits
- 2017 — 15th place in the Hotelier Power 50 – CEO Middle East Awards list.
- 2018 — Legend of Real Estate (Arabian Business Real Estate Awards), Leader of the Year (Gulf Business Awards).
- 2019 — 26th place in the list of ‘100 Most Influential People of the Construction Week’’.
- 2022 — Got in the list of 100 most influential people in the global hospitality industry.
- 2023 — Winner of the “Lifetime Achievement Award in the Gulf Business”.
- 2024 — Included in the rating ‘100 Power Hour 24”.