Hussain Sajwani is a 64 year old, self made Billionaire from Dubai in the United Arab Emirates. He is the chairman, founder and CEO of the Damac Group. Sajwani is married and is a father of 4 children.
During the 1980s, Hussain Sajwani got his start in business by supplying catering services to workers in the energy sector and had a contract to provide food services to the US Army. Despite his success he is quoted as saying, “You’d make millions, not billions, in catering,”. The food business still exists as part of Damac Group operations.
In 2002, the entrepreneurial Hussain Sajwani decided that real estate was his future and founded the Damac Group. At that time, Dubai was experiencing a real estate boom. Hussain Sajwani was savvy enough to foresee the financial crisis of 2008 and put himself in a position to limit his exposure. In 2013, he partnered with Donald Trump to develop two golf courses. In 2017 the Trump International Golf Course Dubai opened and the Trump World Golf Course, which was designed by none other then Tiger Woods; is scheduled to open in 2018.
The Trump and Sajwani alliance is not just business these days. They have become friends and their families associate with each other. They have visited each other’s homes and have lunch or dinner together when in town respectively. Hussain Sajwani and his family attended Trump’s New Years Eve celebration at Mar-a-Largo.
The Damac Group is a headquartered in Dubai and is very active in developing residential, leisure and commercial properties in Dubai and throughout the middle east. The company engages in public industries engineering and construction and architecture real estate. In the United Arab Emirates, the Damac Group is the go-to company for high end, glitzy property developments. Damac is currently pondering an initial public offering of shares. The group is also considering an expansion to areas including Saudi Arabia and Turkey.
Hussain Sajwani is currently listed to have a real time net worth of 3.6 billion dollars and is ranked #501 worldwide in a list of billionaire’s by Forbes.