Hussain Sajwani, the DAMAC Owner, Sits Down For An Interview
With a net worth of over $4 billion, it’s no surprise that Hussain Sajwani is one of the richest Arabs. However, he wasn’t always this affluent and successful. So how did he become the DAMAC owner? He recently agreed to an interview to discuss how he went from rags to riches and what it’s like running his own company. He was born around 50 years ago to a father who owned a haberdashery and this is what sparked his knack and affinity for entrepreneurship. He proved to be a rather successful student which resulted in him being awarded a scholarship to study abroad in the United States. After graduating from college with a Bachelor of Science degree, he returned to Abu Dhabi to work at a nearby company that specialized in gas.
Throughout his career, he slowly began ascending and it wasn’t long before Hussain Sajwani became the DAMAC owner in 2002. When asked about how they stay afloat, he asserted that this is a company that can only thrive on teamwork and no one person is solely responsible for the success of the company. Of course, what he truly enjoys at the DAMAC company is when he is able to witness some of his ideas go from being merely concepts to becoming a reality. He also remains proud of the diversity at his company as there are many people from a wide variety of different backgrounds. He is also a big fan of social media.
In fact, he perceives it to be one of the most powerful and effective networking tools of the modern day. Real estate investor Hussain Sajwani once had the difficulty of trying to decide whether or not he should announce the company to the world as the DAMAC owner. It was a risky move because this would leave them vulnerable to a potential IRS investigation and result in a lot of internal changes within the company but he saw it through. In he future, he hopes to expand the company into the European nations and the other nations as well. He also aspires to become more well-renowned internationally.