Hussain Sajwani is a multi-billionaire businessman and entrepreneur from Dubai, United Arab Emirates. In 2002, he founded DAMAC Properties, a luxury real estate development company based in Dubai. The company quickly became one of the most sought-after residential real estate developers in the Middle East. Hussain Sajwani has worked with his friend Donald Trump, on two major Trump-branded projects in the emirate. They developed the Trump International Golf Club in Dubai and it opened in February 2017. The Trump World Golf Course is scheduled to open during the summer of 2018. The course was designed by professional golfer, Tiger Woods and will be located on the Akoya residential grounds developed by DAMAC.
The Hussain Sajwani family have remained close with the Trumps. Last year, the DAMAC owner had a luncheon with the President’s son Eric Trump and they discussed business regarding the Dubai golf courses. DAMAC Properties has completed over 19,000 residential projects across the U.A.E. and currently have 44,000 units under construction. They have developed a variety of exquisite residential projects with interior designs styled and branded by Italian luxury powerhouses: Versace, Fendi and Bugatti. DAMAC also became the first Middle Eastern real estate company publicly listed on the London Stock Exchange in December 2013. Prior to DAMAC Properties, Hussain Sajwani had launched a food catering business in 1983. They have provided food to the U.S. army camps, Middle Eastern hotels and large corporate construction campsites. His catering company is still active today and has expanded to supply other services.
In his early life, Hussain Sajwani used to help out at his father’s shop. His father was an entrepreneur who sold watches, apparel, pens and goods imported from China. He attended the University of Washington after receiving a Dubai government scholarship and earned his B.S. degree in Economics and Industrial Engineering. He used to work in the financial department at Abu Dhabi Gas Industries, formerly known as GASCO, in 1981. Today, Sajwani lives in Dubai, U.A.E., where he shares four children with his wife. He was recognized as one of the top 100 most influential Arabs by Gulf Business in 2017.
With an educational background that I cludes earning a Bachelor of Science (BS) degree from the University of California at Berkeley in Chemistry and a Doctor of Philosophy (PhD) degree from the Massachusetts Institute of Technology (MIT) also in Chemistry, Dr. Scott Rocklage is a mover and shaker in the world of pharmaceuticals. In 2003, Dr. Rocklage took on the challenges that 5AM Ventures offered and became a managing partner in 2004.
Dr. Rocklage has more than 30 years of experience in his chosen field and has experience in strategic leadership and healthcare management. His past employment opportunities included research and design development with Salutar and Catalytic, CEO and President of Nycomed Salutar and CEO and Chairman of Cubist Pharmaceuticals. He also led s team that received Food and Drug Administration (FDA) approval for three drug applications that included Cubicin, Teslascan and Omniscan. Dr. Rocklage also serves on the boards of Pulmatrix and Variation, WaveRx, Relypsa, and Semprus and Achaogen. He also serves on the Board of Associates of the Whitehead Institute.
5AM Ventures is committed to building life science companies. They work to assist such companies create value from the start of the new operation. 5AM takes a hands-on approach to company development, as well as a financial investment role. The company company works with entities that utilize technology to solve healthcare issues and address healthcare concerns through the use of cutting edge science and medicine. The companies also take novel and different approaches to help medical science diagnose, treat and work to prevent a variety of medical condition s.
The team at 5AM and Dr. Rocklage all have extensive backgrounds and expertise in finance, legal matters, operational matters and medicine and science fields. 5AM is often on board with companies at an early stage and work to set company policy, strategy, fundraising, business development and management recruiting. Dr. Rocklage’s team often serves as board members and take on short term operational roles for the companies they invest in. 5AM Ventures was established in 2002 and typically manages more than $1 billion in assets. The company team is made up more than 15 investment professionals and operates offices in Boston, Massachusetts and San Francisco, California. Dr. To klage is based in the Boston office.
Since the 2016 Presidential Election came to a conclusion, it has seemed like the entire political world has been on some sort of topsy-turvy ride. With Republicans in the White House, led by the still unbelievably ill-equipped Donald Trump, we have seen the United States slide further and further away from many of its core values. One of the foundations of the United States as a nation is the separation of church and state. The Johnson Amendment was introduced by Lyndon Johnson and Dwight Eisenhower in a bipartisan effort to keep religious institutions out of the core proceedings of politics. This amendment gave churches 501(C)(3) status which made them exempt from taxes, in return they would not cater to partisan politics. Donald Trump, as part of his agenda to destabilize the core values of the United States, has set sights on eroding this amendment.
It was early May when Donald Trump issued his first executive order taking aim at the Johnson Amendment. In the order, Trump told the IRS to quit prosecuting churches and religious organizations that refused to follow the law. So much for the party of ‘law and order’, right? This was just the beginning, however, as the latest Republican tax plan introduces a section that would effectively declaw the Johnson Amendment. This tax plan would open up the doors for massive influxes of political money to flow through religious institutions, thus giving political lobbyists another path to pump their money into Washington D.C.
End Citizens United is a political action committee that has spent the past two years fighting for campaign finance reform in Washington D.C. Like the rest of America, End Citizens United has been fundamentally disgusted by the flood of dark money into politics that has been turning the tide of the government against the people. The Citizens United Supreme Court decision, which was made back in 2010, centered on a conservative propaganda group that was arguing to allow corporations to have the same rights as people. Among those rights, Citizens United wanted corporations to be allowed to use monetary political donations as an extension of their ‘free speech’. Absurd, we know, but that was the approach that conservatives have been touting for years now. End Citizens United was established in order to overturn that decision and thus make their name a reality.
When Hussain Sajwani was a young boy in school in Dubai, his father made him work in the family clock shop until all hours of the night. He figured that after he graduated from high school he would go to college and learn a profession so he could work regular hours. His desire to be a business man was nil,
However when he discovered a source for cheap candy, he bought up a bunch of it and resold it to fellow students for a good profit. His eyes were opened to entrepreneurship.
Hussain graduated from the University of Washington in Seattle with a degree in engineering and took his skills back to the Middle East to work for an oil company. However when the Gulf wars broke out, he started a catering company that fed the US Army and other contractors during that conflict. The catering business is still a part of Sajwani’s overall business operations to this date.
When the UAE decreed that foreigners would be allowed to settle in the country, Hussain saw another opportunity. At this point he established his real estate company, DAMAC, LLC. The DAMAC owner bought up some vacant land in a part of Dubai that was unoccupied and promoted a new, luxury apartment project. The entire project was sold out completely within six months and construction had not yet even begun.
Sajwani became known for his flamboyant marketing techniques such as, “A Bentley For Every Apartment.” Today, he has real estate projects all over Dubai and many other countries as well, and his net worth is in the billions.
Sajwani has a proven system that fuels his real estate success. First of all, he pays cash for the land for his projects. That way he will always be there on solid footing. secondly he never finances a project for more than 20 percent. He holds money in reserve for construction on each project, and each project has its own banking and accounting, so that each project stands on its own. There is no transferring of funds between projects. This formula is a safeguard against economic fluctuations, as the economy will change from time to time.
The Hussain Sajwani family has also become very involved in the business as well, as the company continues to expand.