Top 10 Richest People in Maldives [2023]

Today, we are going to take a look at one of the smallest groups of islands known as the Maldives, and their wealthiest citizens. In this article, we will be looking at the top 10 richest maldivian businessmen and politicians in 2023. Kindly note, all this “richest Maldives men in 2023” info has been collected with the last recorded dates and their wealth and asset may have fluctuated since.

The Maldives is a beautiful tropical nation in the Indian Ocean that comprises 26 atolls and over 1,000 coral islands. The Maldives is known for its stunning beaches, crystal-clear blue lagoons, and vast reefs, making it a popular tourist destination.

The Maldives is an island country in the Indian Ocean known for its beaches, blue lagoons, and coral reefs. In the 1970s, the Maldives was one of the world’s 20 poorest countries, with a population of around 100,000 people. However, the country launched an economic reform program in the 1980s that was largely successful.

Over the past few decades, the Maldives has undergone a significant economic transformation, with the tourism industry playing a significant role in its development. As a result, a handful of Maldivians have accumulated vast fortunes. In this blog post, we will explore the top 10 richest Maldivians.

  1. Buruma Qasim (172 Billion MVR)

Buruma Qasim, also known as Qasim Ibrahim, is a Maldivian politician, business magnate, and philanthropist. He is one of the country’s wealthiest businessmen as the chairman and founder of the Villa Group.

Buruma Qasim. richest man in maldioves in 2023, top 10 wealthiest maldivians

In 1976, he established his own profitable trading business in commodities such as rice, tobacco, diesel, and kerosene. The company experienced rapid expansion. Since then, the company has expanded its operations, gaining a significant market share in various Maldivian industries such as tourism, transportation, construction, manufacturing, gas, cement trade, media/communication, and general trading. His estimated net worth is $11.2 billion.

Who is the richest man in Maldives in 2023? It is Buruma Qasim.

  1. Maumoon Abdul Gayoom (140 Billion MVR)
Maumoon Abdul Gayoom, top 10 richest maldives politicians in 2023

Maumoon Abdul Gayoom is a well-known world leader who served as the third President of the Maldives from 1978 to 2008. His estimated net worth is around $9.1 billion. After leaving office, he switched his political allegiance to the Maldives’ Progressive Party.

  1. Ilyas Ibrahim (63.14 Billion MVR)
ilyas ibrahim wealthiest politicians 2023

Ilyas Ibrahim is the brother-in-law of former Maldives President Maumoon Abdul Gayyoom. He served as an MP for the capital city of MalĂ© from 1980 to 1995 and was a minister in Maumoon’s cabinet for a long time. His estimated net worth is $4.1 billion.

  1. Hussain Afeef (57 Billion MVR)
Hussain Afeef in 2023, richest maldives people in 2023

Hussain Afeef, as co-founder and chairman of the developer, investor, and operator Crown Company, is one of the Maldives tourism industry’s pioneers. He now oversees leading resorts such as Conrad Maldives, Rangali Island, and Veligandu Island. His estimated net worth is $3.7 billion.

  1. Abdulla Yameen Abdul Gayoom (41.64 Billion MVR)
Abdulla Yameen Abdul Gayoom in 2023, richest president in maldvies

Abdulla Yameen Abdul Gayoom is a Maldivian politician who served as President of the Maldives from 2013 to 2018. His net worth is estimated to be $2.7 billion.

  1. Moosa Manik (32.34 Billion MVR)

Moosa Manik, also known as Reeko Moosa Manik, is a Maldivian politician and former actor. He was also a former Maldivian Democratic Party chairman and deputy speaker of the Maldives Parliament. His estimated net worth is $2.1 billion.

  1. Ahmed Siyam Mohamed (16.94 Billion MVR)

Ahmed Siyam Mohamed is a Maldivian businessman and the chairman of Sun Siyam Resorts, a leading luxury hotel operator in the Maldives. His estimated net worth is $1.1 billion.

  1. Gasim Ibrahim (10.78)

Gasim Ibrahim is a Maldivian businessman and politician. He is the chairman and founder of the Gasim Group, which is involved in various industries such as tourism, shipping, media, and trading. His estimated net worth is $700 million.

Note: We have removed 9 and 10 due to a lack of sources to verify them.

In conclusion, the Maldives has produced a handful of billionaires, with most of them building their wealth in the tourism industry. These individuals have played a significant role in the country’s economic transformation over the past few decades, and their success has helped to create jobs and improve the standard of living for many Maldivians.

They have amassed their wealth through their business ventures, mainly in the tourism industry. The tourism industry has been the backbone of the Maldivian economy, and these business magnates have been instrumental in its growth and development.

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