Three UAE expats feature in the top 100 richest Indian list

Three UAE expats feature in the top 100 richest Indian list

Yusuf Ali MA 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. — File photos

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—