Born in the slums of Ghatkopar, Mumbai, Rizwan Sajan is the richest Indian in the country. DubaiIn 1993, the billionaire began his entrepreneurial journey in the UAE with just a few thousand dirhams, and turned his small trading company into an empire worth Rs 16,709 crore. Scroll down to know more about Rizwan Sajan's inspiring journey to become Dubai's richest Indian…
Meet the richest Indian in Dubai, a billionaire businessman with a net worth of Rs 20,883 crore and who runs an empire worth Rs 16,709 crore
According to the UAE Ministry of Economy, Rizwan Sajan is the richest Indian in Dubai, with a net worth of $2.5 billion (about Rs 20,833 crore). He is the founder and chairman of danube groupA Dubai-based diversified business group with interests in building materials, home decor and real estate development. Apart from the UAE, Danube Group has established its presence in India, China, Canada, Qatar, Saudi Arabia, Bahrain and Oman. The company has an annual turnover of $2 billion (about Rs 16,709 crore), according to forbes india,
Sajan comes from a middle-class family and had to leave school at the age of 16 to run the household after his father's death. forbes indiaHe used his father's savings to start a business – making box files. Then Sajan's uncle offered him a job as a trainee salesman in Kuwait, and billionaire businessman Quickly climbed the ladder and became a highly paid manager.
However, the Gulf War broke out and Sajan had to return to Mumbai. In 1993, he tried his luck by setting up a trading firm in Dubai, now known as the Danube Group. Real Estate Started business with Danube Homes in 2014. “Democratize luxury”, The billionaire entrepreneur has turned his focus to immigrants, enabling them to buy property instead of just renting apartments.
The richest Indian in Dubai used his “1 percent plan”, in which buyers would pay 1 percent of the total amount monthly, in addition to a small down payment. The remaining amount would be collected once the building is ready. forbes indiaSajan claimed that by the time the building is ready for use, the consumer would have already paid 50-60 per cent of the amount.
Sajan's only son Adil Sajan serves as the Group Managing Director at Danube Group, while the businessman's brother Anil Sajan is the Vice-President of the family group.
