The Middle East’s

8. Kabir Mulchandani

Designation: Chairman & Chief Executive
Company: FIVE Holdings
Established: 2017
Country: UAE
Category: Travel & Tourism

FIVE’s entire hotel portfolio, comprising 1,741 keys, is LEED Platinum certified. Its Dubai hotels match 100% of their electricity consumption with solar-backed DEWA I-RECs. In 2025, FIVE reduced carbon use intensity across its Dubai portfolio by 69% compared to 2020. It also reduced per-capita water consumption by 32% since 2020 and recycles more than 47 million liters annually for non-potable use. FIVE Palm Jumeirah and FIVE Jumeirah Village hold Dubai Sustainable Tourism Gold Stamps, while FIVE LUXE JBR holds Bronze. Mulchandani’s net worth was $2.2 billion as of September 2026.