- Middle East Business News
Wednesday, 30 September 2020 11:32 UAE time
15#  The Gargash Family  - picture not available
15# The Gargash Family

Net Worth: US$ 4.8 Billion
Country of Residence: United Arab Emirates
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The Gargash family began trading in the last decade of the 19th Century, but it was in 1918 that the late Ali Haji Abdulla Awazi Gargash laid the foundation for what has since emerged as one of the region's leading trading houses.

Today, the family's interests are widespread and impressive: in the automobile world, it is the sole agent for Mercedes Benz in Dubai, through Gargash Enterprises.

The family is also involved in electronics, real estate, insurance, industrial development and construction. Shehab Gargash has enjoyed particular success running Daman Investments, which was founded in 2000 and manages assets close to $1.4bn.



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