Hussain Sajwani Net Worth 2025: Hussain Sajwani is an Emirati real estate billionaire and founder of DAMAC Properties with a net worth of $5.1 billion as of 2025, who serves as the Chairman of DAMAC Group and ranks #658 on Forbes’ global billionaires list, having built his fortune through strategic real estate development, global investments, and successful ventures in hospitality and data centers.
Key Facts
- Hussain Sajwani is a self-made Emirati billionaire with a current net worth of $5.1 billion.
- DAMAC Properties is Sajwani’s flagship company, founded in 2002, now a global real estate leader.
- The billionaire’s ranking is #658 on Forbes’ global billionaires list as of 2025.
- His primary wealth source is real estate development and strategic investments.
- The businessman’s residence is in Dubai, UAE, where he leads his global business empire.
- His family structure includes four children, with two actively involved in DAMAC’s operations.
Early Life and Education
Born in 1952 or 1953 in Dubai, Hussain Sajwani grew up in an entrepreneurial family environment. His father operated a retail shop in Dubai’s souk, selling imported goods including watches, Parker pens, and shirts from China. As the eldest of five children, Sajwani witnessed firsthand the principles of business and trade. His academic journey began with a government scholarship to study medicine in Baghdad. However, after his first year, he changed course and moved to the United States, where he completed his industrial engineering degree from the University of Washington.
Career Overview
Sajwani’s professional journey began in 1981 at Abu Dhabi Gas Industries’ finance department. In 1983, he established his first venture in catering services, which later evolved into Global Logistics Services. The company secured significant contracts with the U.S. military and Bechtel, establishing a strong foundation for his future endeavors.
The turning point in Sajwani’s career came in 2002 when he founded DAMAC Properties, capitalizing on Dubai’s decision to allow foreign property ownership. Under his leadership, DAMAC Properties has delivered over 27,400 homes and maintains a development pipeline of 35,000 units. The company expanded into hospitality in 2011 with DAMAC Maison Hotels & Resorts and went public on the Dubai Financial Market in 2015.
Business Ventures and Investments
Sajwani’s business acumen extends beyond real estate development. His portfolio includes partnerships with luxury brands like Versace, Fendi, and Roberto Cavalli. In 2019, his private investment firm acquired the Italian fashion house Roberto Cavalli. His latest venture, announced in January 2025, involves a $20 billion investment in U.S. data centers across multiple states, including Texas, Arizona, and Michigan.
Personal Life and Family
Sajwani maintains a strong family presence in his business operations. His son, Ali Sajwani, serves as Managing Director of Operations at DAMAC Group, bringing his economics education from Northeastern University. His daughter, Amira Sajwani, holds degrees from University College London and the London School of Economics, currently serving as DAMAC’s Managing Director of Sales and Development.
Achievements and Recognition
Sajwani’s contributions to real estate and business have earned him numerous accolades. Notable recognitions include:
- Property CEO of the Year (2017)
- Real Estate Legend Award (2018)
- Gulf Business Lifetime Achievement Award (2023)
- Ranked among the most influential people in MENA real estate
Properties and Assets
DAMAC Properties, under Sajwani’s leadership, has developed numerous landmark projects including:
- Trump-branded golf courses in Dubai
- Versace-branded DAMAC Tower in London
- DAMAC Mall, opened in September 2023
- Multiple luxury residential developments across the Middle East
Latest News
On January 7, 2025, several significant announcements marked Sajwani’s latest business moves:
The DAMAC Properties chairman announced a substantial U.S. investment plan during an appearance at Mar-a-Lago alongside President-elect Donald Trump. Key details include:
- A commitment to invest at least $20 billion in U.S. data centers
- Initial phase targeting eight specific states: Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana
- Potential for the investment to double beyond the initial commitment
- Focus on supporting AI and cloud computing infrastructure development
The timing coincides with Sajwani’s appearance at a New Year’s Eve celebration at Mar-a-Lago, where he was photographed with Trump and Tesla CEO Elon Musk, highlighting his continued close relationship with key U.S. business and political figures.
This development follows his previous investment of $962 million in Thai data centers announced in October 2024, demonstrating DAMAC’s expanding global technology infrastructure portfolio.
This comprehensive overview reflects Sajwani’s journey from a Dubai merchant’s son to one of the Middle East’s most influential business figures, with significant impact on global real estate and technology infrastructure development.
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