Kim Byrne, Author at Lake Diane Community Association

Dubai’s 120 richest families and individuals with $1 trillion in wealth

richest man in dubai

He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates. Saif Al Ghurair is the chairman and head of the largest manufacturing and real estate companies in the Emirate, The Al Ghurair Group. He looks after the diversification of Al Habtoor Group into insurance, hotels, real estate, automobile, hospitality, the publishing industry, and education. M.A Yusuff Ali is ranked No. 1 according to Forbes among the top 100 businessmen in the Arab World in the list of 2018. Its LuLu Bolgatty International convention Centre that is situated on the Bolgatty Island is counted among the largest convention centres in South Asia.

Top 25 Richest People in Dubai

This wealth transfer has also been reflected in a growth in private family offices in the UAE. He increased his net worth by earning a huge salary as the bank’s chairman but later stepped down in October 2019. His eldest son, Abdul Aziz, is the current CEO of the bank and chairman of Al Ghurair investment. This includes the Entrepreneur of the Year, the 2009 Asian Awards, an honorary doctorate from Excelsior College.

Hussain Sajwani

While it was well known CZ owned an apartment in Dubai, the details have been kept under wraps, until now. Through corporate filings for Binance subsidiaries in Ireland, Forbes had previously linked Zhao to a 429-square-foot studio apartment in a 23-story building on the dusty edges of Dubai—an unlikely home for a tycoon worth $33 billion. In December 2023, Binance founder Changpeng Zhao asked the judge in his money laundering case in the U.S. District Court of Seattle if he could return to his home in Dubai while awaiting sentencing. The request was rejected, but when Zhao concludes his four-month prison sentence later this year, the crypto mogul is likely to return to the Middle Eastern emirate.

Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies.
Abdulla bin Ahmad Al Ghurair, founder of Mashreq Bank, and Sunny Varkey, founder of GEMS Education Group, are tied together at 982nd place with a net worth of $3 billion each.
Saif Ahmad Al Ghurair was an Emirati billionaire businessman and the founder of Mashreq Bank, one of the country’s most successful companies.
Saudi Arabia, ranked 30th, is the only other country from the Arab world listed among the top 30 countries with 10 billionaires in 2019.
Moreover, he began his career by working for International Computers Limited which made him the company’s European treasurer.

He is the Emir of Dubai, which is a hereditary position, and because of this hereditary position, he has been able to serve as the prime minister, vice president, and Minister of Defense of the United Arab Emirates. The money is sure to stay in the family, and Al Ghurair’s brother, Saif Al Ghurair, was also a billionaire before he died in 2019. The business is likely to remain in the family as Al Ghurair has already started to let his children take the reins. Pillai’s wealth can be traced to his decision to abandon his native India for the United Arab Emirates after his Kerala-based construction business was forced to close down after labor strikes. Ravi Pillai may have been born in India, but he has made Dubai his home base and has used careful investments to bolster his wealth. His ambitious, business-oriented mindset has allowed him to build a global business.

He has developed his wealth through his business ventures, starting as a simple employee of a construction firm. He made most of his wealth through the Al Habtoor Group, which started as an engineering firm in 1970. Abdulla Futtaim is the eighth richest man in Dubai with a net worth of $2.5 billion. He holds the Al Futtaim Group, a partnership involved in automotive, insurance, and real estate. It attracts some of the richest individuals from around the world, who often consider it richest man in dubai a second home. However, in this article, we will unfold the top 10 richest people in Dubai, UAE and their net worth.

Emirates REIT issues new $205mln sukuk

His elder daughter Sabeena is married to Shamsheer Vayalil, a billionaire businessman. B.R. Shetty is an Indian-born businessman who is the founder and a shareholder in several major companies, including; BRS Ventures, NMC Health, Finablr, and Neopharma, situated in the United Arab Emirates. According to Flashy Dubai, Hussain has a net worth of $2.1 billion and is listed among the 100 most globally influential Arabs by Gulf Business.

UAE: ADIO, Abu Dhabi Chamber partner to enhance emirate’s business ecosystem

As the largest city in the UAE, It is celebrated as a major center for business and culture. It possesses a high concentration of wealthy individuals and many of its billionaires rank among the world’s rich men in Dubai. Saif Al Ghurair holds the tenth spot among Dubai richest man individuals with a net worth of $1.7 billion. He owns the Al Ghurair Group, which operates in real estate and manufacturing and has significant investments in private banks in the UAE.

richest man in dubai

According to the list of 2019, Ravi Pillai was ranked as the 529 richest people around the world and 3rd in Dubai. The richest ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies across the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region and the Middle East.

Department of Justice seizure warrants, U.S. congressional letters and in Indian Supreme Court filings, and he was a part of the Russian Asset Tracker project that won the 2023 European Press Prize award. Tognini graduated with a double major in political science and political economy from the University of California, Berkeley and a master’s in journalism from Columbia University. Follow Tognini for continued coverage of billionaires and investigations into offshore wealth. Among the richest people of the UAE, seven are UAE nationals who control $27.1 billion wealth, while the remaining 17 are expatriates holding $42.1 billion assets. Majid Al Futtaim is the richest person in the UAE with $8.9 billion assets, followed by $7.2 billion wealth held by Khalaf Habtoor & family, whose wealth grew by mammoth 91 per cent. Third-ranked MA Yusuffali, owner of Lulu Group, saw his wealth jump 14 per cent to $5.2 billion.

LDCA Monthly Board Meeting, November 13, 2021

Monthly Board Meeting

November 13, 2021

BOARD MEMBERS IN ATTENDANCE:

Roger Giallorati, President

Jim Watt, Treasurer

Kim Byrne, Secretary

Kevin Mack

Jerry Agrusa

Nancy Bell (via telephone)

Al Vitous

The Pledge Of Allegiance was recited.

The meeting was called to order by President, Roger Giallorati at 10am.

The minutes from the September 11, 2021 meeting were read. The minutes were approved as written.

TREASURER’S REPORT:

Jim presented the Treasurer’s report. The report was approved as written.

NEW MEMBER ACTIVITY:

To date there are 204 members.

AQUATIC LIFE:

Roger has contacted two alternate companies to acquire bids for weed treatment. One company was an increase over Clarke Aquatic and the other has not yet responded.

PARKS:

Stone was put down at the shelter house shoreline. All other work is on hold. The survey was not done at the Delta Drive park.

TRAILERS:

Nothing new to report.

CALENDAR OF EVENTS:

Nothing new to report.

WELCOME COMMITTEE:

Nothing new to report.

OLD BUSINESS:

The road project is underway! One layer of asphalt is nearly complete. Second layer to follow in the spring of 2022.

Kevin has contacted the DEQ regarding the near closure of the bay at View and Dale Drives. They have yet to return Kevin’s call.

NEW BUSINESS:

Nothing new to report.

At 11:09 Roger made a motion to adjourn. Jim seconded the motion. A vote was taken and the meeting adjourned.

Respectfully Submitted:

Kim Byrne, Secretary

LDCA Monthly Board Meeting, September 11, 2021

Monthly Board Meeting

September11, 2021

BOARD MEMBERS IN ATTENDANCE:

Roger Giallorati, President

Kim Byrne, Secretary

Kevin Mack

Jerry Agrusa

Nancy Bell

ABSENT:

Jim Watt

Al Vitous

The Pledge Of Allegiance was recited.

The meeting was called to order by President, Roger Giallorati at 10am.

The minutes from the August 14, 2021 meeting were read. The minutes were approved as written.

TREASURER’S REPORT:

Roger presented the Treasurer’s report. The report was approved as written.

There is a question regarding the amount of the bill from Clarke Aquatic. There has been a substantial increase over last year’s cost. Jim and Roger will follow up for clarification.

NEW MEMBER ACTIVITY:

To date there are 204 members.

AQUATIC LIFE:

Lily pads were treated by Clarke Aquatic August 2nd.

There was discussion about gathering estimates from other lake weed treatment companies. Roger will follow up.

PARKS:

The play structure at Chickadee Park has been restained.

After next month’s meeting, the shelter house will be winterized.

Duane Reemer will provide an estimate for the excavation of the pickleball court(s). Kevin and Terry will coordinate scheduling with JoEllen Wright.

The survey for Woodbridge Rd. Park has been done. The survey shows encroachment by both neighbors. This is a real liability issue for the association. Roger is working on letters to send to all property owners encroaching on the parks owned by LDCA. Ms. Burger will review prior to mailing.

TRAILERS:

After todays meeting, Roger will survey non-compliant camper trailers. Ms. Burger is ready to schedule court dates for said camper trailer owners.

CALENDAR OF EVENTS:

There was consideration given to the furture of the annual picnic.

WELCOME COMMITTEE:

Nancy Bell has done a great job gathering information for the Welcome Packets. Packets will be given to new property owners of Lake Diane.

OLD BUSINESS:

There is no update on the road project.

There continues to be issue with non-lake fishermen utilizing the road ends of Pointe Dr. and East Diane Drive. Approximately six years ago, HCRC proposed abandonment the road ends at East Diane and Pointe Drives. In order to proceed the neighbors were consulted. Not all neighbors are in favor, so the proposal was scrapped.

NEW BUSINESS:

Kevin brought attention to the bay at View and Dale Drives that has a history of filling in due to property owners making beaches with filling sand. In 1965 the mouth of the bay was 65’ wide. Last week Rick’s Rockwall built a rock wall and backfilled the mouth of the bay with sand. It is now roughly 15’ wide, and the water is only knee deep. Approximately three years ago, the property owners of that bay paid to have the bay dredged. All of the work and money is now a waste. The DEQ will be referred to for inspection, then advisement.

At 11:20 Roger made a motion to adjourn. Kevin seconded the motion. A vote was taken and the meeting adjourned.

Respectfully Submitted:

Kim Byrne, Secretary

LDCA Monthly Board Meeting, August 14, 2021

Monthly Board Meeting

August 14, 2021

BOARD MEMBERS IN ATTENDANCE:

Roger Giallorati, President

Jerry Agrusa, Vice President

Jim Watt, Treasurer

Kim Byrne, Secretary

Kevin Mack

Nancy Bell

ABSENT:

Al Vitous

The Pledge Of Allegiance was recited.

The meeting was called to order by President, Roger Giallorati at 10am.

The minutes from the July 10, 2021 meeting were read. The minutes were approved as written.

TREASURER’S REPORT:

Jim presented the Treasurer’s report. The report was approved as written.

NEW MEMBER ACTIVITY:

To date there are 204 members.

AQUATIC LIFE:

Clarke Aquatic has not sent the billing for the weed treatment. They did come back a third time to audit weeds, then treat areas that needed it. Lake Diane is scheduled for lily pad treatment in the fall. Jim noted that a firm date needs to be set.

We still do not have good word on whether a boaters safety class will be held for 2021. Kim will contact the USCGA for next year’s scheduling.

PARKS:

Woodbridge Park was surveyed. Neighbors on both sides have encroached. Roger will compose letters to be sent to the neighboring properties for both Woodbridge and Monte Carlo Parks requesting them to please remove their personal effects from the association parks for liability purposes. Delta Drive Park will be surveyed in the fall.

Kevin reported that the cost for the coating alone is $10,750 for the pickleball courts. That does not include excavation or asphalt. A concrete court was discussed.

TRAILERS:

There are six non-compliant trailers. Ms. Burger will be scheduling court dates.

CALENDAR OF EVENTS:

The turn-out for the family picnic was poor. The board discussed combining the picnic with a Toys For Tots event with live music and family activities.

*Wine Crawl – September 4th

*LDCA non-sponsored event

Kim discussed an alternate course for the golf outing. Coordination was difficult with the current course. Dinner following golf will again be at Territorial Table & Tavern with grilled chicken and sides.

OLD BUSINESS:

Paving of the roads is scheduled to begin August 28th.

Terry spoke with HCRC regarding the placement of stop signs. He was told they must be approved by the state police.

WELCOME COMMITTEE:

Nancy is gathering information to include in the packets for distribution.

NEW BUSINESS:

Approximately five years ago, HCRC proposed the abandonment of the roads at the shelter house park and Pointe Drive to the lake association. At the time, it was not a favorable option. Roger will follow-up to explore if this is still a possibility.

At 11:55 Jim made a motion to adjourn. Jerry seconded the motion. A vote was taken and the meeting adjourned.

Respectfully Submitted:

Kim Byrne, Secretary

LDCA Monthly Board Meeting, July 10, 2021

Monthly Board Meeting

July 10, 2021

BOARD MEMBERS IN ATTENDANCE:

Roger Giallorati, President

Kim Byrne, Secretary

Kevin Mack

Jerry Agrusa

Nancy Bell

Al Vitous

ABSENT:

Jim Watt, Treasurer

The Pledge Of Allegiance was recited.

The meeting was called to order by President, Roger Giallorati at 10am.

The minutes from the June 12, 2021 annual meeting were read. The minutes were approved as written.

Additionally, the minutes from the board of directors meeting immediately following the annual meeting were read. The purpose of the meeting was to elect officers. The minutes were approved as written.

TREASURER’S REPORT:

Roger presented the Treasurer’s report. The report was approved as written.

NEW MEMBER ACTIVITY:

To date there are 204 members.

AQUATIC LIFE:

Lake weeds were re-treated July 7th. It appears as the treatment has been effective. Lake Diane is scheduled for lily pad treatment in the fall.

Michigan Lake and Stream posts all results of water testing for all who are interested in reviewing. Note that the last report showing is 2019. The reason for that is there was no testing for 2020 (due to budget restraints), and 2021 has not yet been completed. The website is: https://micorps.net/lake-monitoring/individual-lake-reports/

Kevin questions why the DNR cannot maintain the lake weeds at the public access on Woodbridge Rd.. Roger indicated that the state will not allow treatment at undeveloped shorelines. Roger will verify this information with Clarke Aquatic.

PARKS:

No new information on the prospect of pickleball courts at the shelter house park.

The play structure at shelter house park has been re-stained by Kathy Agrusa and Nancy Bell. Thank you!

Roger was approached by a potential buyer of the park at Delta Dr.. Brad Smith indicated that if one of the parks was sold, they all would be sold.

There was a discussion on the parks that have been surveyed, and the parks that need to be surveyed. Roger made a motion that the Woodbridge Rd. park be surveyed at a cost of no more than $800. Jerry seconded the motion. A vote was taken, and the motion passed unanimously.

The board discussed harvesting trees at both the Delta Drive park and Woodbridge Road parks.

TRAILERS:

Roger presented a list of property owners whom received letters from attorney Kimm Burger regarding non-conforming camping trailers. Roger will instruct Ms. Burger to proceed with court hearings for all non-compliant property owners.

CALENDAR OF EVENTS:

Golf Outing – July 24th

Annual Picnic – August 7th

*Wine Crawl – September 4th

*LDCA non-sponsored event

OLD BUSINESS:

The road project has not yet begun. It is scheduled to begin Monday next. Prep will take 4-6 weeks, with paving taking 2 weeks. The speed of travelers once the road is paved is a real concern.

NEW BUSINESS:

Via Roger Giallorati, Jim Watt proposed bringing back the Lake Diane Welcome Packets. Nancy Bell volunteered to chair.

The board of directors extends their sympathy to the family of former lake resident and board member, Ray Neely.

At 11:25 Roger made a motion to adjourn. Jerry seconded the motion. A vote was taken and the meeting adjourned.

Respectfully Submitted:

Kim Byrne, Secretary

LDCA Board of Directors Meeting, June 12 2021

Board Of Directors Meeting

June 12, 2021

The meeting was called to order at 11:10am by Roger Giallorati. The purpose of the meeting was to elect officers for the Lake Diane Community Association Board of Directors.

President: Roger Giallorati was nominated by Kim Byrne. Jim Watt seconded the nomination. A vote was taken, and Roger was elected unanimously.

Vice President: Jerry Agrusa was nominated by Roger Giallorati. Jim Watt seconded the nomination. A vote was taken, and Jerry was elected unanimously.

Treasurer: Jim Watt was nominated by Roger Giallorati. Kim Byrne seconded the nomination. A vote was taken, and Jim was elected unanimously.

Secretary: Kim Byrne was nominated by Roger Giallorati. Jim Watt seconded the nomination. A vote was taken, and Kim was elected unanimously.

At 11:15 Kim made a motion that the meeting adjourn. Jim seconded the motion. A vote was taken, and the meeting was adjourned.

Respectfully Submitted:

Kim Byrne

Secretary

LDCA Annual Meeting, June 12, 2021

Annual Meeting

June 12, 2021

BOARD MEMBERS IN ATTENDANCE:

Roger Giallorati, President

Jim Watt, Treasurer

Kim Byrne, Secretary

Kevin Mack

Jerry Agrusa

The Pledge Of Allegiance was recited.

The meeting was called to order by President, Roger Giallorati at 10:15am.

The minutes from the May 15, 2021 meeting were read. The minutes were approved as written, with one comment from an attendee. Karen Watt informed the meeting that Jim Watt also searched for goose eggs.

ELECTION OF OFFICERS:

The floor was opened for nominees for LDCA Board of Directors Trustees with five positions available.

Nominees were: Kevin Mack, Jim Watt, Jerry Agrusa, Arda Bucher, Nancy Bell and Al Vitous. Jim Watt made a motion that nominations be closed. Roger Giallorati seconded the motion. A vote was taken, and the motion passed unanimously. Elected by vote of the members in attendance were nominees Kevin Mack (for a three year term), Jim Watt (for a two year term), Jerry Agrusa (for a two year term), Nancy Bell (for a one year term) and Al Vitous (for a one year term).

TREASURERS REPORT:

Jim Watt presented the Treasurers report. The report was approved as written.

The Proposed Budget for 2021-2022 Fiscal Year was presented. Roger Giallorati made a motion that the (attached) proposed budget be approved. Kim Byrne seconded the motion. A vote was taken, and the motion passed unanimously.

NEW MEMBER ACTIVITY:

To date there are 204 members.

AQUATIC LIFE:

Jim and Roger collected goose eggs for the goose egg collection and nest destruction program. There were only 12 eggs collected, despite several searches. There are currently many geese on the lake. Next year we will solicit more help and ask property owners to report nests.

Lake weeds were treated the week of June 2nd, 2021. Clarke Aquatic will be returning to address trouble areas. Al Vitous volunteered to survey the lake to highlight areas that need to be re-treated.

Al Vitous requested that the “NO WAKE” buoy be placed further out from the channel leading into Chickadee Cove. Kevin responded that the placement of the buoy must be approved by the HCSD.

Arda Boucher has completed a class for water testing. She will be conducting the testing this year.

PARKS:

JoEllen Wright was thanked for her donation to the parks with the proceeds from the wine crawl held each Labor Day weekend. There was discussion that this year’s proceeds fund two pickleball parks at the shelter house park. Kevin will work to obtain an estimate.

Kevin has made several repairs over the past year to playground equipment. The new play structure at the shelter house park will need to be re-stained.

CALENDAR OF EVENTS:

Garage Sales – June 19th

*Fireworks – July 2nd, with a rain date of July 4th

Golf Outing – July 24th

Annual Picnic – August 7th

*Wine Crawl – September 4th

*LDCA non-sponsored event

OLD BUSINESS:

The road project has not yet begun. It is scheduled to begin next week. Prep will take 4-6 weeks, with paving taking 2 weeks. The speed of travelers once the road is paved is a real concern.

NEW BUSINESS:

Nothing new to report.

At 11:08 Roger made a motion to adjourn. Jim seconded the motion. A vote was taken and the meeting adjourned.

Respectfully Submitted:

Kim Byrne, Secretary

CORRECTION

Hello All.

Recently you received a letter from Clarke Aquatic regarding treatment of the lake weeds. The date they indicated for treatment was incorrect! PLEASE BE ADVISED THAT THE CORRECT DATE IS JUNE 2nd WEATHER PERMITTING. We are truly sorry for any confusion this may have caused.

The LDCA Annual Meeting is June 12 at 10AM. Please plan to attend.

Please see the attached flyer with information for the annual fireworks display.

LDCA Monthly Board Meeting April 10, 2021

Lake Diane Community Association

Monthly Board Meeting

April 10, 2021

MEMBERS IN ATTENDANCE:

Roger Giallorati, President

Jim Watt, Treasurer

Kim Byrne, Secretary

Kevin Mack

Jerry Agrusa

ABSENT:

Scott Hercula

The Pledge Of Allegiance was recited.

The meeting was called to order by President, Roger Giallorati @ 10:00am.

The minutes from the March 20, 2021 meeting were read. The minutes were approved as written.

TREASURER’S REPORT:

Jim presented the treasurer’s report. The report was approved.

NEW MEMBER ACTIVITY:

To date there are 196 members.

AQUATIC LIFE:

Clarke Aquatic has submitted their bid to LDCA and application to the state for lake weed treatment. The bid has been accepted and the application approved. Treatment will likely take place the first week of June.

Arda Boucher will be conducting the water testing this year. She is participating in an online class through MSU.

Roger has in hand, the permit for the goose egg and nest destruction permit. The first collection weekend is April 17th.

Both buoys are in the water marking hazard locations.

PARKS:

The shoreline at the shelter house has weathered the winter well. The paint is wearing on the new playset at the shelter house. Kevin has repaired the seat of the teeter totter at Chickadee Park.

CALENDAR OF EVENTS:

Boaters Safety canceled by HCSD due to covid restrictions

Annual Meeting June 12, 2021

Garage Sales June 19, 2021

*Fireworks July 2, 2021 with a rain date of July 4, 2021

Golf Outing July 24, 2021

Family Picnic August 7, 2021

*Wine Crawl September 4, 2021

*LDCA non-sponsored events

OLD BUSINESS:

Roger, Jim and Kevin met with newly hired attorney Kim Burger regarding:

Dam level – HCDC has requested an environmental impact study in order to proceed with the 3” adjustment we have requested. They are not receptive to the idea of any adjustment.

Camper trailers – campers are making their way back to lake lots. Camper trailers are deed restricted. Ms. Burger will review historical documents and judgments, then advise.

Potential liability issue for Monte Carlo Park “A”.

Dock ordinance.

There is a public hearing April 12, 2021 @ 7PM for the scheduled road improvements.

NEW BUSINESS:

Scott Hercula has sold his home, and the board is expecting his resignation. There was discussion on terms of board members. At LDCA’s 2021 annual meeting, there will be five trustees elected to the board of directors.

At 11:19 Roger made a motion that the meeting adjourn. Jim seconded the motion. A vote was taken, and the meeting adjourned.

Respectfully Submitted:

Kim Byrne

Secretary

LDCA Notice of Annual Meeting, 2021

Lake Diane Community Association

NOTICE OF ANNUAL MEETING

June 12, 2021

10:00 AM

Lake Diane Shelter House

AGENDA:

Call to order.

Election of three trustees.

Reading of the previous meeting’s minutes.

Treasurer’s report, budget proposal, vote to adopt 2021-2022 budget

Aquatic Life

Parks

Old Business

New Business

Adjournment