According to the latest data by Forbes magazine, Pavel Durov, the founder of the Telegram messenger, is considered the richest resident of the United Arab Emirates (UAE) with a fortune of $15.1 billion and ranks 115th in the list of the richest people in the world.

There are currently 11 billionaires living in the UAE, four of whom are locals. Among billionaires living in the UAE, Mashreq Bank founder Abdulla bin Ahmad Al Ghurair is in second place with a fortune of $2.8 billion, while Abdulla Al Futtaim and his family, owner of Al-Futtaim Group, are in fourth place with a fortune of $2.4 billion.

Last year, Pavel Durov's fortune exceeded $17 billion, and in 2020 it was $2.4 billion. Until 2019 The fortune of the Russian billionaire living in Dubai is $2.7 billion.

Earlier, Henley & Partners made a 2022 list of cities in the world where the richest people live. On that list, Dubai ranked first in the Middle East and North Africa and 23rd in the world. In the first six months of this year, there was an 18% increase in the number of high net worth individuals in the UAE and the number of wealthy population has increased from 54,000 to 67,900 on June 1, 2021.

According to Forbes, Tesla and Twitter owner Elon Musk is no longer the richest man in the world. Earlier this week, Tesla's share price fell by 6%, reducing Musk's fortune by $7.4 billion. As a result, his fortune is now estimated at $181.3 billion, the second richest person in the list. French business tycoon Bernard Arnault tops the Forbes list, whose fortune is estimated at $186.2 billion.