GCC's 50 richest Indians worth $40.2bn

Abu Dhabi supermarket boss Yussuf Ali in fourth place with fortune of US$2.2bn

Abu Dhabi-based businessman Yousuffali MA.

Abu Dhabi-based businessman Yousuffali MA.

The GCC’s 50 Richest Indians are worth $40.2bn, according to the first ever GCC Indian Rich List published today by Arabian Business

Landmark Group founder Micky Jagtiani  – who once worked as a London cab driver – topped the list with an estimated wealth of $4.5bn. Jagtiani took pole position of food magnate  Feroz Allana on $4.3bn, with legendary Dubai-based investor Ragu Kataria third on $2.5bn. The top five was completed with EMKE Group’s Yussuf Ali on $2.2bn, and BR Shetty on $1.9bn.

The list featured a total of ten billionaires, with the top 50 between them worth $40.2bn. The average wealth of the top 50 came in at $804m.

Arabian Business editor Ed Attwood said: “The contribution and success of  the Indian community in this region is nothing short of remarkable, and our list fully reflects that. What is fascinating is many people on the list  - such as Micky Jagtiani and Yussuf Ali  - are self made, starting with absolutely nothing. Their stories are an inspiration to all of us.”

The highest ranked woman on the list was Jumbo Electronics boss Vidya Chhabria, in eighth place with $1.4bn.  Propping up the top 50 was Hassan Chougle with $195m.

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
The Al Thanis are Qatar's power family

The Al Thanis are Qatar's power family

New research sheds light on the overwhelming influence of the...

Raising the bar: DLA Piper plans fresh growth in the Gulf

Raising the bar: DLA Piper plans fresh growth in the Gulf

Legal firm DLA Piper’s Middle East business recorded 10 percent...

With monster trucks and Comic-Con, Saudis defy killjoy image

With monster trucks and Comic-Con, Saudis defy killjoy image

Clerics and many citizens still consider it all very sinful,...

Most Discussed
sponsoredTracking