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Micky Jagtiani among top 10 richest Indians

Jagtiani's estimated wealth is $6.6 bn, more than Kumar Mangalam Birla's $6 bn

BS Reporter Mumbai
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

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First Published: Jul 31 2015 | 9:27 AM IST

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