REVEALED: 50 richest Indians in the Gulf

Landmark Group founder, Micky Jagtiani, tops Indian Rich List with $4.5bn

The Survey

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

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.

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

The list featured a total of ten billionaires
The top 50 between them are worth $40.2bn.
The average wealth of the top 50 came in at $1.57bn.

Country Of Residence

86% Live in the UAE

Industry Breakdown

Property and Development
Transport and Logistics
Construction and Industry
Banking and Finance

Interesting Facts

Micky Jagtiani
Used to work as a cab driver in London
Ram Buxani
First came to Dubai on a boat from India, 45 years ago
Joy Allukas
Travels on his own private jet
BR Shetty
Owns an entire floor of the Burj Khalifa
Rizwan Sajan
Spent AED 100,000 to form
his company. Today it has
revenues of AED 1.5bn
Hitesh Boodani
Is a qualified surgeon
See the full list of the Gulf's 50 richest Indians here.
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 may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

Posted by: samiul mia khan

good to see all comment come from indian people but seriously we need help from gulf to improve our football team

Posted by: kumar

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

Posted by: KP237

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

Posted by: neighbour

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

Posted by: jay

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

All comments are subject to approval before appearing

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