Pavel Durov: Meet the UAE’s richest resident
Durov is the youngest billionaire in the UAE, region
Meet Pavel Durov — the richest person in the UAE and the youngest self-made billionaire in the region in 2021.
On Wednesday, Dubai-based founder and owner of messaging app Telegram was named as the richest UAE resident in 2021 by Forbes magazine with a staggering wealth of $17.2 billion (Dh63 billion) in 2021.
Durov’s wealth has grown by over 405 per cent in a year from $3.4 billions in 2020 to $17.2 billion in 2021.
In the past three years, Durov has become richer by over 900 per cent from $1.7 billion in 2018 to $17.2 billion in 2011. Meanwhile, his ranking in the Forbes billionaires list improved from 1,394 in 2018 to 565 in 2020 and 112 this year.
Ranked 112th in Forbes’ richest list, Durov is the first UAE resident to be ranked among the top 200 billionaires.
The Russian expat controls approximately 40 per cent of a total wealth of $43.4 billion owned by 11 billionaires in the UAE.
Russia’s Mark Zuckerberg
Telegram founder is also known as Russia's Mark Zuckerberg for creating Vkontakte, Russia's biggest social network. He founded Vkontakte when he was 22 and sold a 12 per cent stake in 2015 for an estimated $300 million.
In 2018, Durov, with his brother Nikolai, raised $1.7 billion from investors to create Ton, a blockchain system based on Telegram.
The 36-year-old Durov holds a Master of Science degree from St. Petersburg State University.
Partnership poised to address shortage in the number of quaternary... READ MORE
ICSE exams called off due to pandemic situation. READ MORE
Blowing dust has been predicted over some exposed areas. READ MORE
Leaves not linked to spring, fall, and summer vacations, SPEA says. READ MORE
Currently, passengers are required to undergo RT-PCR 72 hours before... READ MORE
The hospital gets all kinds of emergency cases and saving their life... READ MORE
The man is being rewarded for his alertness and daring which helped... READ MORE
UK health secretary says the decision comes after detection of over... READ MORE