Real Estate
Trump’s $13 Billion Man in Dubai Draws Skeptics Over Big US Push
- Hussain Sajwani has seen big wins from Dubai’s property boom
- Sajwani has pledged to invest $20 billion in US data centers
This article is for subscribers only.
Even in the emirate of Dubai — renowned for embracing ambitious projects — many were taken aback when local tycoon Hussain Sajwani stood beside Donald Trump to pledge a $20 billion investment in US data centers.
In the city’s property circles, the 71-year-old founder of Damac Group and longtime Trump business partner has a reputation as a hard-charging businessman who has survived sharp market downturns over the years. More recently, a five-year-long property boom in Dubai has pushed his net worth above $13 billion, according to the Bloomberg Billionaires Index. He lives in a sprawling mansion, complete with golden Italian arches and glitzy furniture.