There are very few men in this world who can say that they came from nothing and rose to become a global household name and one of the richest men in the world. Even among that very elite group are there many who can say that they not only rose to the highest prominence possible in their industries, but that they did it twice. Hussain Sajwani is among that incredibly small group. Hussain Sajwani came from very humble origins, his father Ali was a shop owner who sold clothing, accessories and other items to the rich and powerful men who were leading the resurgence of prosperity and growth in the middle east during the 70s and 80s. Hussain would often sit in his father’s shop after school, sometimes for hours at a time, while other kids were out in the streets or at home playing. During these times he would listen to his father talk about business, life, manhood, and the impotence of being a success.
To help make ends meet for the family, his mother would make cloth, crafts, and baked goods to trade with the other housewives in their social circle. Ali Sajwani would dabble in business ventures and would sometimes get involved in real estate deals. It was the later of these two activities that would make a major impact on Hussain. Like any father trying to bond with his son, Ali would sometimes bring Hussain along on his real estate deals and would, with a bit of lightheartedness, ask his opinion. These times would form the foundation of Hussain’s love for his future career and would set into motion a series of events that would lead to a global movement.
Hussain did well in school and he was on a path to follow in his father’s footsteps. It was a foregone conclusion that Hussain would take over his father’s shop one day, but deep in his heart, Hussain knew that was not the life that he wanted to live, and somewhere he knew that it was not the life that he was destined to live. He wanted a professional life, not the day to day grind that he saw his father and mother live. He didn’t want to be the man selling the watches and ink pens to the powerful executives that came to his father’s shop, he wanted to be the man buying them.
In school, he worked hard, and he earned a full scholarship to a prestigious medical university in Baghdad. His heart wasn’t in his studies, though. He found himself often thinking about those deals he had watched his father do when he was younger. He had a passion in his soul for real estate and he knew what it was that he wanted to do. He left school and returned home, and soon founded the first incarnation of the company that would eventually come to be known as the DAMAC Group.
As the owner of DAMAC, he had led the company in a wide range of paths that have placed it into position to be one of the strongest and most diversified international conglomerates in the world. The DAMAC Group, under the leadership of Hussain Sajwani, started the middle eastern component of the massive real estate driven economic boom of the early 2000s. After the real estate collapse of 2008, Hussain Sajwani quickly steered DAMAC to a rapid and energetic recovery. Now the corporation is stronger than it ever was, and the lessons that were learned in the aftermath of the crises have placed it in a much more resilient and defensible position than any other major real estate development and holding company in the market today.
With several major projects recently being completed, including two ultra-luxurious golf courses and country clubs that were developed under a partnership with the current president of the United States of America, Donald Trump, DAMAC is still the leader in the region. The Sajwani family have a passion and drive for success that will no doubt lead them and the DAMAC Group to much bigger accolades in the future, but one thing is for sure, the core values imparted to Hussain by his father will always be the guiding light in everything they do. Sajwani on Instagram.