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Forbes India’s 100 Richest List Includes 6 UAE Residents Including Lulu’s MA Yusuffali and Landmark’s Renuka Jagtiani


Reliance Industries’ Mukesh Ambani tops the list, followed by Adani Group Chairman Gautam Adani, with a fortune of $68 billion.

Forbes ‘List of India’s 100 richest’ It includes six Indian businessmen based in the UAE, five of them hailing from the state of Kerala.

Six non-resident Indians from the UAE are MA Yusuffali, Chairman and Managing Director of LuLu Group International; Renuka Jagtiani, president of Landmark Group; Joy Alukkas, president of the Joy Alukkas Group; Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings; Ravi Pillai, Chairman and CEO of RP Group; and Sunny Varkey, founder of GEMS Education Group.

Reliance Industries Chairman Mukesh Ambani tops the list with a wealth of $92 billion, followed by Adani Group Chairman Gautam Adani with a fortune of $68 billion.

With a net worth of $7.1 billion, Yusuffali, who runs one of the fastest growing hypermarket and supermarket networks in the world, tops the list of Indian entrepreneurs based in the UAE. Its rise to 27th place on the list coincides with the expansion of the LuLu Group’s global network. Last year, he ranked 35th with a fortune of $5.4 billion.

Renuka Jagtiani she took the place of her late husband Micky Jagtiani, who passed away in May. Renuka, whose emblematic group It is one of the largest omnichannel retailers in the region, ranking 44th with a fortune of $4.8 billion. In 2022, his wealth was estimated at $2.9 billion.

Alukkas, owner of one of the largest jewelry networks in the Middle East, ranked 50th with a net worth of $4.4 billion. He has improved his position from 69th among the richest Indians last year. As of 2022, he had a net worth of $3.1 billion, according to Forbes.

Dr. Shamsheer, the youngest Indian businessman on the list, has a net worth of $3.7 billion. He is ranked 57th. Burjeel Holdings, one of the largest healthcare providers in the region founded by Dr. Shamsheer, recently celebrated the first anniversary of its listing on the Abu Dhabi Stock Exchange. He is also the richest Indian doctor on the list.

Ravi Pillai of RP group He is ranked 69th and his wealth is estimated at $3.2 billion. RP Group is among the largest employers of Indians in the Middle East.

Sunny Varkey from the group Gems He has a net worth of $2.93 billion and is ranked 78th on the list. It controls GEMS Education, the world’s largest operator of private K-12 schools.

Yusuffali, Joy Alukkas, Dr. Shamsheer, Ravi Pillai and Sunny Varkey hail from the southern Indian state of Kerala.

News Source: Khaleej Times


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