Tuesday, December 23, 2025
ADVT 
International

5 Indian Expats Feature In This Year's Forbes' Billionaires List From UAE

Darpan News Desk IANS, 27 Mar, 2019 07:21 PM

    The combined worth of the five expats, including three from Kerala, is a whopping USD 15.1 billion (Rs. 1.04 trillion), the Khaleej Times reported.


    Prominent retail business tycoon MA Yusuff Ali, who ranks at 394 on the list, is the richest Indian expat in UAE with assets estimated over USD 4.7 billion.


    MA Yusuff Ali, a Padma Shri winner, is from Nattika in Kerala's Thrissur district. He is the Chairman and Managing Director of LuLu Group International that owns the Lulu Hypermarket chain worldwide and LuLu International Shopping Mall.


    Next in the list is Micky Jagtiani, owner of the Dubai-based Landmark retail stores group, who went from being a London cabbie to Emirati billionaire businessman.


    The retail magnate is worth nearly USD 4 billion. His overall rank is 478.


    Born in Kuwait, Micky Jagtiani did his schooling in Chennai, Mumbai and Beirut, before moving to London.


    BR Shetty, founder and chairman of Abu Dhabi-based NMC Healthcare, is third in the list with assets worth USD 2.8 billion. His overall rank is 804.


    The billionaire, who is from Udupi in Karnataka, is famously known for owning two floors in the world's tallest structure, Dubai's Burj Khalifa.


    Sunny Varkey, education entrepreneur and philanthropist from Kerala, is the fourth richest UAE expat with assets worth USD 2.4 billion. He ranks 962 on the list.


    Sunny Varkey is the founder and chairman of the global advisory and educational management firm GEMS Education, which has a network of over 130 schools in over a dozen countries.


    PNC Menon, an Omani property developer from Thrissur in Kerala, also made it to the list with assets worth USD 1.1 billion. He ranks at 1,941 in the overall list.

    MORE International ARTICLES

    In Major Move, British Sikhs To Get Ethnicity Status In 2021 Census: Report

    In Major Move, British Sikhs To Get Ethnicity Status In 2021 Census: Report
    Last year, over 100 British MPs, including Indian-origin lawmakers, had asked the authority to include Sikh as a separate ethnic box for the 2021 census.

    In Major Move, British Sikhs To Get Ethnicity Status In 2021 Census: Report

    21 Indian-Origin Persons Sentenced In Massive Call Centre Fraud In US

    21 Indian-Origin Persons Sentenced In Massive Call Centre Fraud In US
    Twenty-one Indian-origin persons have been sentenced here to up to 20 years for their role in a massive India-based call centre scam which defrauded thousands of US residents of hundreds of millions of dollars, the Justice Department said.

    21 Indian-Origin Persons Sentenced In Massive Call Centre Fraud In US

    Two Indian-Origin Candidates Join Race To Become London Mayor

    Two Indian-Origin Candidates Join Race To Become London Mayor
    At the last mayoral elections in May 2016, Labour's Khan defeated the Conservative party candidate Zac Goldsmith, brother of Jemima Khan - the ex-wife of Pakistani cricketer-turned-politician Imran Khan.

    Two Indian-Origin Candidates Join Race To Become London Mayor

    My Statement Misconstrued, Sikh Detainees In Us Not Handcuffed, Says Navneet Kaur

    My Statement Misconstrued, Sikh Detainees In Us Not Handcuffed, Says Navneet Kaur
    The over 50 Indian nationals detained in a prison in the US State of Oregon after illegally entering the country are not being handcuffed, a legal advocacy group volunteer said on Friday.

    My Statement Misconstrued, Sikh Detainees In Us Not Handcuffed, Says Navneet Kaur

    Pak-American Father-Son Duo Jailed For Illegally Helping Pakistan's Army

    Pak-American Father-Son Duo Jailed For Illegally Helping Pakistan's Army
    They exported goods without license to Pakistan in violation of Export Administration Regulations (EAR), according to the US Attorney District of Connecticut office.

    Pak-American Father-Son Duo Jailed For Illegally Helping Pakistan's Army

    Indian-Origin Landlord Kamal Bains Jailed For Fire Deaths In UK

    Indian-Origin Landlord Kamal Bains Jailed For Fire Deaths In UK
    An Indian-origin landlord in the UK who failed to fit smoke alarms inside a house owned by him leading to the death of two boys in a fire, has been jailed for a year, in the first prosecution of its kind in the country since new smoke alarm regulations were introduced in 2015.

    Indian-Origin Landlord Kamal Bains Jailed For Fire Deaths In UK