Yusuffali MA’s LuLu International has garnered its fair share of headlines over the course of the past year. Whether it’s hobnobbing with Barack Obama and Narendra Modi, buying up prime real estate in London or expanding LuLu International into new emerging markets, the Kerala-born businessman clearly has no intention of resting on his laurels.
Last month, Deloitte ranked LuLu as 165th biggest retailer in the world, with revenues of $5.6bn in 2014. It was also ranked as 25th fastest growing retailer based on revenues between 2009-2014.
But Yusuffali also has considerable investments elsewhere, including stakes in several of India’s largest banks. He owns India’s largest mall, in Kochi, and is in the process of building what he sees as his most ambitious project yet — the Bolghatty International Convention Centre, which will be the largest facility of its type in Asia.
This year, for the first time, Yusuffali has provided Arabian Business with an exclusive breakdown of his wealth. The investment in his business is valued at a shade under $2.5bn, with the current value of his real estate portfolio amounting to just under $1.6bn. The rest of the valuation is made up from holdings in stocks and bonds ($310m); plus cars, other vehicles and his private jet ($75m); jewellery, precious metals and watches ($24m); cash in hand and others.
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