Micky Jagtiani Tops First Gulf-Indian Rich List With $3.2 Billion

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Hailing from Maharastra Micky Mukesh Jagtiani (60) is based in Dubai and runs hundreds of retails stores under the name Landmark in Europe, Asia and the Middle-East.

JEDDAH: According to arabianbusiness.com, Micky Jagtiani (Landmark) is the richest Indian in the Gulf Co-operation Countries (GCC) with a wealth of $3.2 billion. EMKE Group’s Yusuffali MA with $1.75bn is in the second place in Indian Rich List. Amongst the 30 richest Indians in the GCC nations list third place is occupied by New Medical Centre Group CEO, BR Shetty with $1.72bn.

Chhabria family, owners of Jumbo Electronics chain and PNC Menon occupy the fourth and fifth place, respectively.

Arabian Business deputy editor Edward Attwood who conducted the survey remarked that wherever you look in the GCC, there are so many success stories of Indian entrepreneurs who came to the region many years ago, and have created world class businesses worth several billion dollars.

Hailing from Maharastra Micky Mukesh Jagtiani (60) is based in Dubai and runs hundreds of retails stores under the name Landmark in Europe, Asia and the Middle-East.

Indian Rich List

1 Micky Jagtiani 3.2bn

2.Yusuffali MA 1.75bn

2 BR Shetty 1.72bn

4 Chhabria family 1.3bn

5 PNC Menon 1.2bn

6 Sunny Varkey 950m

7 Rajen Kilachand 900m

8 Tony Jashanmal 900m

10 Dr. Mohammed Ali 725m

11 Paras Shahdadpuri 650m

12 Hitesh Bodani 630m

13 Yogesh Mehta 623m

14 Jayant Ganwani 530m

15 Nilesh Ved 480m

16 Khimji family 390m

17 Santosh Joseph 360m

18 Faisal Kottikollon 300m

19 Mohan Valrani 285m

20 CK Menon 250m

21 Ram Buxani 235m

22 Joy Alukkas 230m

23 Rizwan Sajan 230m

24 Vasu Shroff 220m

25 Azad Moopen 215m

26 Ajay Bhatia 205m

27 Ramesh Ramakrishnan 205m

28 GB Choithram Jethwani 190m

29 S Kumar Wadhawan 180m

30 Maghanmal Pancholia 170m