Telegram Founder Pavel Durov Becomes Richest Expat in UAE
Durov's Net Worth Surges to $151 Billion
Telegram founder Pavel Durov has emerged as the wealthiest expatriate in the United Arab Emirates (UAE), with a staggering net worth estimated at US$151 billion as of 29 September 2022.
Durov's rise to the top of the UAE's wealth hierarchy has been meteoric. In just a few years, he has transformed Telegram from a niche messaging app into one of the most popular social media platforms worldwide.
Durov Overtakes Other Tech Titans
Durov's wealth surge has surpassed other notable tech giants in the UAE. Previously, the top spot was held by Elon Musk, the founder of Tesla and SpaceX. However, Musk's net worth has declined in recent months due to market fluctuations.
Another big gainer in the UAE's wealth rankings is Pavel Durov, the founder of Telegram. Durov's net worth has soared to $151 billion, making him the ninth richest person in the world.
Russian-Born Tech Mogul's Journey
Durov, a Russian-born entrepreneur, fled Moscow 15 years ago after clashing with the Kremlin over his social media platform, VK. He has since established Telegram as a secure and privacy-focused alternative to other messaging apps.
The UAE, with its favorable tax environment and growing tech sector, has become an attractive destination for wealthy individuals and entrepreneurs from around the world.
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