Hussain Sajwani is currently placed at position three by Forbes on its list of the richest self-made professionals in the Middle East at an estimated net value of $4 billion. He accumulated this wealth by creating two of the most successful companies in their respective industries, Damac properties in real estate and Global Logistics Services in the hospitality niche. However, the 63-year-old remains ever humble and hasn’t forgotten his humble background.
The Damac owner is a beneficiary of an educational scholarship program by the University of Washington. Having been born and raised in a middle-class family where his father owned a shop in the outskirts of Dubai, Hussain Sajwani believes the scholarship played a key role in introducing him to the world. This explains why he is constantly donating to charity and participates in numerous philanthropic courses. Hussain also seeks to redefine philanthropy.
Hussain Sajwani’s involvement in philanthropy
Among the numerous philanthropic courses that the Damac owner contributes to regularly, uplifting the lives of children across the world remains his dearest. To back this, Hussain recently donated over AED 2 million to different not-for-profit organizations that promote the rights of children. This fund was specifically meant to help dress the millions of impoverished children in different parts of the world.
Hussain Sajwani love for children would also manifest when he offered to support the Dubai government’s efforts in uplifting the living conditions of children in the country. And while this course that seeks to address the rights of deprived children will start in Dubai, he remains hopeful that it will soon spread to the rest of the world, particularly in the developing countries.
How is the Damac owner redefining philanthropy?
Having been involved in the real estate industry for over four decades, Hussain Sajwani appreciates the role his company plays in the society. He understands that apart from the direct employment the company has made, it also contributes to the sustainability of the communities in which it operates in.
He has therefore constantly made risky business decisions like furthering construction and breaking ground even in times of economic uncertainties in a bid to avoid affecting this community’s livelihood. While this has often hurt his net worth and company shares, Hussain writes it off as a much-needed philanthropic act.