Ten billionaires in GCC Indian Rich List

Food magnate Feroz Allana among Gulf's wealthiest Indians with fortune of $4.3bn
By Staff writer
Sun 10 Feb 2013 08:42 AM

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.

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