The relationship between India and the Gulf region has always stood the test of time, making way for several Indians to establish their business empires. From retail chains to healthcare franchises, these entrepreneurs have not only heaped up much wealth but have also contributed to the economic structure of the region. Here is a look at the top 10 richest Indians in the Gulf region based on their net worth:
M. A. Yusuff Ali
The chairman and managing director of LuLu Group International, M.A. Yusuff Ali, narrates a real-life story of moving up the ladder from poverty to prosperity. Beginning with a grocery store in Abu Dhabi way back in the 1970s, he transformed LuLu into a retail giant with highly developed hypermarkets and retail chains operating across the Middle East, Asia, and so on. Bringing his net worth to $7.4 billion, he ranks at the top of the list.
Renuka Jagtiani
Renuka Jagtiani, the chairwoman and CEO of Landmark Group, has played an essential role throughout its journey of evolving into a retail, hospitality, and leisure conglomerate from a single store in Bahrain with popular brands like Babyshop, Lifestyle, Max Fashion, Foodmark, Carluccio’s, Fun City, and others. She, along with her late husband, Micky Jagtiani, has built an empire worth $5.6 billion, making them one of the richest in the Gulf Cooperation Council (GCC).
Sunny Varkey
The founder and executive chairman of the global advisory and educational management firm, GEMS Education, Sunny Varkey, made it possible for millions to access private K-12 schooling (education for children from kindergarten through 12th grade), thus changing the face of education. Today, GEMS is one of the largest operators of private schools globally. His net worth stands at $3.9 billion.
Ravi Pillai
Ravi Pillai, founder and chairman of RP Group, has a net worth of $3.5 billion. Through his leadership, the global business entity, whose interests stretch across the areas of construction, hospitality, steel, cement, oil, and gas, has been spreading far and wide into different sectors, culminating in an extraordinary success.
Joy Alukkas
The chief managing director of the Joyalukkas Group, Joy Alukkas, is a well-known figure in the jewellery business. Coming from a family with a long history in the jewellery industry, dropping out of school and travelling to the Middle East to launch the family’s first international store in Abu Dhabi, and eventually breaking away from his father’s business to start his own, he has come a long way. With a net worth of $3.3 billion, he has outlets around the Middle East, India, and the United States of America.
These personalities not only inspire millions to strive beyond their limits and aspire to higher ideals but also serve as a tribute to the region’s potential and the hard work required to realize and seize them.
