Ten billionaires in GCC Indian Rich List

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Guide to getting married in Dubai on a budget

Guide to getting married in Dubai on a budget

Alarmed by how expensive weddings are? Our experts reveal how...

1
Frustrated Kuwaitis ask, why is Kuwait falling behind?

Frustrated Kuwaitis ask, why is Kuwait falling behind?

Citizens wonder why oil producer Kuwait is not as dynamic a hub...

4
Past masters return to Iraq

Past masters return to Iraq

Long deterred under the rule of Saddam Hussein and civil unrest...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams