Three UAE expats feature in the top 100 richest Indian list

Three UAE expats feature in the top 100 richest Indian list

The combined wealth of India’s 100 richest grew $25 billion to touch $800 billion as post-pandemic demand revival powered its economy to become the fifth-largest in the world, surpassing the UK.

Three non-resident Indians living in the UAE — MA Yusuffali, chairman of Lulu Group, Joy Alukkas, chairman of Joyalukkas Group, and Micky Jagtiani, chairman of Landmark Group — retained their place in the prestigious Forbes list of 100 richest that was topped by Gautam Adani, India’sinfrastructure tycoon with a wealth of $150 billion.

Yusuffali, whose Lulu Group runs one of the fastest-growing hypermarket-supermarket networks in the world, was ranked 35th with a wealth of $5.4 billion. Alukkas, who owns one the largest jewellery networks in the Middle East, was positioned 69th with a fortune of $3.1 billion. He is the only Indian jeweller who could find a spot among the top 100. The 73rd-ranked Jagtiani’s wealth has been estimated at $2.9 billion.

After nearly tripling his wealth in 2021, Adani doubled his fortune this year to $150 billion to become the new No. 1— and also, for a while in September this year, the second richest person on the planet when his fortune stood at $155.7 billion. The biggest gainer this year