REVEALED: 50 richest Indians in the Gulf

Sunday, 10 February 2013 8:34 AM

Micky Jagtiani has topped the first ever listing of the GCC’s 50 Richest Indians, published by Arabian Business today.

See the full list of the Gulf's 50 richest Indians here.

The Landmark Group founder – who once worked as a London cab driver – has an estimated wealth of $4.5bn. Jagtiani took pole position ahead 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 $1.57bn.

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.”

See the Gulf's 50 richest Indians here.

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.

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Posted by: kumar Tuesday, 28 May 2013 5:01 PM[UAE] - india

i think some guys r missing might be u can consider for next year
j.p.kalwani-safeer group
rajen kilachand-dodsal
murij manghnani-cosmos
arun nagar-cellucom
ajay bhatia-bhatia brothers
l.r. lulla-astoria and ambassador hotels
raj shetty-ramee hotels
s.p.singh-dubai grand hotel
subash karani-v.v.&sons
v.l.pamnani&ramesh pohumal thanwani-partners,t.choithram &sons
lal ganwani-chairman,lals group
khushi khatwani-khushi jewels
chandu siroya-siroya jewels
harish pawani-peekay investmensts
chetan karani-mikura pearls
madhu koneru-trimex group
l.n.dhamani-dhamani jewels
gul vaswani-rigid group
ashok odhrani-super technical enterprises
ghanshyam pagarani-yogi group
ramesh hiranandani-hira industries
cm gidwani-aldes middle east
birbal singh dana-dana group
ashok uttamchandani-rocky real estate
surender singh kandhari-al dobowi group
suresh dodani-servotech international
jaikishin bhojwani-time machine group
raju t jethwani-eurostar group
manohar lahori-palmon group
sunil vaswani-stallion group

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Posted by: KP237 Monday, 11 February 2013 4:43 PM[UAE] - UAE

Absolutely amateur journalism..There are major inaccuracies with AB's previously published Indian richlist

http://www.arabianbusiness.com/photos/revealed--gcc-s-30-richest-indians-421371.html?img=0

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Posted by: neighbour Monday, 11 February 2013 11:34 AM[UAE] - United Arab Emirates,India

I really do not think that all those mentioned have been scrambling to get into the list.
Or maybe they did -perhaps it boosts their credi ratings and more favourable lending terms.
the banks will go - Guess what i just lent a billion dollars to so and so -- and no collaterals too !
@ Ali Hey bro Dont take it personally they are not partial to Indians- But surely there is no harm in listing the very rich among the largest expat community- in the GCC

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Posted by: jay Monday, 11 February 2013 11:08 AM[UAE] - kuwait

why oh why do we keep having these lists its repetitive and non interesting as we know who they are
focus on the news not the richest most influential etc
we dont care

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Posted by: Jawahar Monday, 11 February 2013 10:30 AM[UAE] - UAE

I believe the list is totally biased.... I don't know how they judge the rich people but for sure they have missed many and certain names in the list are totally wrong...

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