Ten billionaires in GCC Indian Rich List

The GCC has ten Indian billionaires, according to to the first ever GCC Indian Rich List published today by Arabian Business.

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

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 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 top 50 between them are  worth $40.2bn, with 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 full list of 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.

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.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Beating the odds: Palestinian entrepreneurs continue to thrive

Beating the odds: Palestinian entrepreneurs continue to thrive

In the second article of a two-part series, Ambar Amleh, chief...

A bird's eye view of the UAE start-up ecosystem

A bird's eye view of the UAE start-up ecosystem

Tarek Ahmed Fouad, a Dubai-based serial entrepreneur, analyses...

Yemen counter-terrorism mission shows UAE military ambition

Yemen counter-terrorism mission shows UAE military ambition

UAE special forces are orchestrating the hunt for al Qaeda in...

Most Popular
Most Discussed
sponsoredTracking