During his new year’s eve speech, President Trump made a mention of the Dubai billionaire Hussain Sajwani. Trump thanked Hussain for the excellent business relationship they have enjoyed and regretted the fact that he would be turning down some very lucrative property that the billionaire had offered. Everyone present at the dinner wanted to know about the Emirati Billionaire and his exact connection with Donald Trump.
Hussain Sajwani is the founder and owner of the DAMAC Group, a multi-billion business empire which deals with luxury real estate investment among other industries. Sajwani is worth over $4billion. A subsidiary of his company, Damac Properties was in charge of the tournament grade golf club, the Trump International Golf Club, which they completed earlier this year.
Hussain Sajwani was born in 1956 in the United Arab Emirates. He studied Arts and Science at the University of Washington before heading back home to start off his career. He had worked in several companies before he decided to start the Damac Group, an experience which molded him into the great business leader that he is right now. He is number 501 on Forbes billionaires 2017 list. Hussain is married and has four children.
Besides working with ranking billionaires such as Donald Trump, the Hussain Sajwani family is also deeply committed to philanthropy. One of the charities that he has been supporting is the Dubai Compassion Campaign. In 2015, he contributed $273,000 to the charity, which helps thousands of refugees in Jordan and Lebanon. He believes that it the responsibility of the more affluent members of the society to help refugees, prisoners of war and anyone else who might be in need of assistance. Hussain has always assisted the UAE Government and the red crescent in various charities. These include a donation of more than half a million dollars to the UAE clothe a child campaign and another half a million to the autism center and the water aid program.
Hussain has made all of his wealth through real estate development. Despite the fact that Donald Trump declined an offer to buy a property from him, Damac owner, Hussain is looking forward to more business deals with Trump’s sons, who are in charge of his estate for now.