In Dubai, the richest person is no longer the royal family or real estate tycoon, but the founder and CEO of Telegram Pavel Durov. According to Forbes list, his assets are more than $ 17 billion. At number two is Dubai -based Damak Properties Chairman Hussain Sajwani, whose assets are estimated at $ 10.2 billion.
Pavel Durov was born in 1984 in St. Petersburg, Russia. He is often called “Mark Zuckerberg of Russia”. He started his career with Russia’s biggest social network Vkontakte (VK). But he had to leave Russia in 2014 after confrontation with the government and refusal to share the data of users. The same year he focused on Telegram. Today, Telegram has more than one billion monthly users.
In 2018, Durov and his brother Nikolai raised $ 1.7 billion for Ton blockchain, but the project was closed due to the ban of American regulator SEC. Despite this, Telegram’s popularity continued to grow. In 2022 he launched the Telegram premium, adding paid features to his billions of dollars.
Durov obtained citizenship of Dubai in 2021 and also established the headquarters of Telegram here. Dubai proved to be a strategic place for him for technical investment and international expansion. Today Pavel Durov is not only the richest person in UAE, but also shows that Dubai is now becoming a major center of technology, not only oil and real estate.
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