Micky Jagtiani, the owner of Dubai-based retail chain Landmark group, has entered the top 10 richest Indians list compiled by Bloomberg. His personal wealth is estimated at $6.6 billion, above Aditya Birla group chairman, Kumar Mangalam Birla's $6 billion.
A college dropout, Jagtiani is another rag to riches story as he started off his journey by cleaning hotel rooms and driving taxis.
A Buddhist, his first business was to sell baby foods in Bahrain.
Landmark is the largest importer of non-food items in the Gulf. The closely-held companies have in-house private labels and franchise rights for big brands like shoe designer Steve Madden and health club Fitness First.
Jagtiani also operates Landmark stores in India and has stake in Debenhams, UK's second largest apparel retailer.
Top 10 Richest Indians | ||
Rank | Name | Net Worth ($ in Billion) |
1 | Mukesh Ambani | 21.9 |
2 | Dilip Shanghvi | 17.4 |
3 | Azim Premji | 15.5 |
4 | Pallonji Mistry | 15.2 |
5 | Shiv Nadar | 13.7 |
6 | LN Mittal | 13.1 |
7 | Cyrus Poonawala | 8.6 |
8 | Uday Kotak | 7.6 |
9 | Gautam Adani | 6.7 |
10 | Micky Jagtiani | 6.6 |
Source: Bloomberg |