Sunil Vaswani is the chairman of Stallion Group, a Nigeria based multinational conglomerate operating in 18 countries, including the UAE.
The second position in Arabian Business GCC Indian Rich List has been bagged by last year's top-placed entry, IFFCO's FerozAllana, who's net worth is USD 4.5 billion.
Altogether, 11 billionaires make this year's list, with the total wealth of the Gulf's 50 richest Indians valued at just over USD 50 billion.
RP Group's Dr Ravi Pillai bagged the third place, with USD 3.6 billion. BR Shetty, founder of NMC Healthcare, bagged the fourth position.
The members of GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.