Indian Rich List 2011
Tony Jashanmal

Tony Jashanmal

Company: Jashanmal Group

Country: UAE

Wealth: 900 Million

Occupation: Executive director

The Jashanmals are a household name across the Middle East. The firm started from humble beginnings with just one store in Iraq in 1919 and has grown into one of the most successful retail conglomerates in the region.

As the executive director of the group, Jashanmal overseas the retail and wholesale trading of high-end luxury and consumer goods and services.

The company represents various global retail franchises in the region and operates a newspaper and magazines division which oversees the marketing and distribution of books, magazines, and newspapers in the Gulf through direct distribution and through retail chains including the Jashanmal Department Stores and Bookstores. Business partners include Burberry of London, Clarks, Calvin Klein, Davidoff, Porsche Design and Bally.

This year, the Jashanmal Group has relaunched its website and opened a series of new concept stores. Its store in Al Ghurair City is designed to reflect modern shoppers’ desire for next-generation retail solutions.