DAMAC owner and chairman, Hussain Sajwani, is one of the world’s most respected real estate tycoons and business magnates. The Hussain Sajwani family and DAMAC sells high echelon brands such as Versace, Fendi, and Bugatti and its net worth is estimated to be around $3.8 million.
According to Forbesmiddleeast.com, Hussain Sajwani grew up in Dubai, the same city he would imprint his name on. The magnate began selling in his father’s family-owned shop, where he would sell watches, pens, shirts, and China-imported goods. Perhaps the strongest influence of his life was to observe the hard work done by his parents. And business happened to be the only discussion around the dinner table.
When Hussain Sajwani was of age, and after excelling as a young student, he was offered a scholarship to study in the United States. Sajwani took his passion to the University of Seattle in Washington after it only took him a few months to learn English fluently. He graduated with a degree in industrial engineering and economics. He also sold capital in the United Arab Emirates during his time in college. Sajwani then embarked on a catering business which become prominent in his native country.
Sajwani’s services provided hot meals to U.S. military forces across the Middle East.
In the 90’s, when the market expanded in Dubai, Sajwani took the helm to become one of its main pioneers. He invested deals to build hotels and properties which helped establish DAMAC properties in 2002. DAMAC and the Sajwani family has the most prominent record when it comes to developing luxury properties and has delivered nearly 18,000 homes. DAMAC also employs around 2000 employees, and is a public company with shares traded on the Dubai Financial Market.
The Sajwani family has joined forces with some of the leading entrepreneurs in the world as they have worked to finance golf courses with Donald Trump and the Trump Organization and apartments with Versace, as mentioned in arabnews.com.
Hussain Sajwani is also known for investing equity in the global marketplace. His investment company, DICO Investments, focuses its investments towards equities and mergers, which have become a staple of his profound power and impact in the Middle East.
Hussain Sajwani’s long passion for Versace and generally being able to make progress through promotion and marketing luxury brands has granted him enormous respect throughout the world. As Sajwani keeps his business profile in the spotlight, his private life is usually kept out of it. Perhaps Sajwani’s most meaningful achievement throughout his storied career is the joy of his wife and four children.
Get the facts here: https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani