Hussain Sajwani, transforming the Real Estate Industry

Mr. Hussain Sajwani serves as the CEO, Executive chairman and President of DAMAC Properties Company. The famous DAMAC group grew from a catering industry which the Damac owner started in the year 1992. DAMAC Group is located in the city of Dubai.

Mr. Sajwani was born in 1954 into a middle-class family in the UAE. He pursued Degree leading to Economics from the University of Washington. Hussain was ambitious and determined in every aspect of life.

Hussain Sajwani family was into various business activities and projects. Sajwani`s father owned a watch store in Creek-side Deira District. He also used to handle properties projects in Dubai. Hussain`s mother used to hawk fabric goods which she purchased on wholesale basis and sold them to the local ladies at a retail price.

Sajwani could work at his father`s watch shop even at his tender age. He learned a lot from the business activities carried out by his parents. He got his inspiration from his father`s ambitions, business skills and hard work.

Husain Sajwani family wanted him to continue and venture into the family business but Sajwani had something else in mind. The challenges he gathered during his experience in the watch store made him to try a different thing. He realized he had the spirit of an entrepreneur and he wanted to pursue his dreams.

After his degree in economics, Sajwani joined GASCO where he was the contract manager. In 1982, he decided to set the standard bar higher and established his own business which was under the name DAMAC.Sajwani transformed DAMAC LLC and eventually became DAMAC Group. He established ZDICO investments and founded Al JAzeira Services Co which has capitalization of over $ 125 million. Hussain Sajwani has been a close friend and a business associate to the President of US, Donald Trump. They have partnered in launching the Trump`s enterprises, opened two golf courses and prestigious villas in Dubai. Hussain Sajwani has contributed a lot to charities and has helped many youths to develop entrepreneurial skills.

Billionaire Investor, George Soros

George Soros, born on August 12, 1930, is one of the most fruitful and wealthy investors. He was born in Budapest, Hungary but fled with the interference from the Nazi Germany. Considering he was from a Jewish family, they were barred from going to school, and things were hard for the Jews. When trouble continued to enhance, he later went to England and studied in London, at London school of economics at the same time worked as a waiter and a railway porter. Later despite graduating, getting work was difficult; therefore, he opted for jobs like; traveling salesman for elegant –items. This was a low point of his life as he had even written letters to merchant banks asking for interviews with no success. Later, he got a break through and began working in Singer& Friedlander in London as a clerk, a merchant bank whose boss was a Hungarian like him. As time went by, he applied at F.M. Mayer where he then worked as an arbitrage trader and concentrated on European stocks, which had more attention from lots of investors.

After three years, he went to Wertheim & Co., went and became Vice President Arnhold and S. Bleichroeder. Finally, he founded Soros Fund Management then became its manager. Since then, breakthroughs continued presenting themselves.He worked for hand in hand with individuals like Jim Rodgers and Stanley Druckenmiller. In 1973, conflicts arose because he was managing two funds. Therefore, he decided to give away the management in Double Eagle Fund and established Soros Fund. Later, it was renamed to Quantum fund i.e. after Werner Heisenberg’s principle of quantum mechanics. During that period, the fund had enhanced to $12m, so Soros and Stanley reinvested their profits and improved their stake. After that he shorted the pound and made an enormous profit, making him known as the broker of England’s bank. Today he is one of the Billionaires his net worth being $25.2 Billion.

Read more on CNBC about George Soros.

With lots of wealth he has acquired, George Soros gives back to the society. Not until 2004 that he became involved in donations to US political causes. For example, in the 2003–2004 election periods, Soros donated $23,581,000 to various 527 groups i.e. tax exempted. In September 27th, 2012, Soros said that he was giving $1 million to the super PAC that was backing up President Barrack Obama’s re-election Priorities the USA. Also, Soros committed more than $25 million to ameliorate Hillary Clinton and other candidates who were Democrats to support their course. He re-emerged quietly in politics and became among the leading funders of Democrats despite having not associated himself with the politics for a while. George Soros is one of those people who has gathered a lot of wealth from hard work, and it has been indeed worthy of all the struggles he went against to be where he is right now as he is impacting the society. Read this story at about George Soros.

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