Dubai has always been a hub for the rich and famous, attracting wealthy individuals from all over the world. Among them, Indians have a significant presence as one of the largest expat communities in the UAE.
It’s no secret that many Indian billionaires have made Dubai their second home, but who is the richest Indian in Dubai? Let’s find out.
Meet the Richest Indian in Dubai
The title of the richest Indian in Dubai belongs to Yusuff Ali M.A., a self-made billionaire and founder of Lulu Group International. According to Forbes 2021 Billionaires List, his net worth is estimated at $4.3 billion, making him the 394th richest person in the world.
The Journey to Success
Born and raised in Kerala, India, Yusuff Ali M. started his career as a salesman at a small trading firm.
He established Lulu Group International in 1995 with just one store in Abu Dhabi. Today, Lulu Group has become one of the fastest-growing retail chains in Asia and the Middle East with over 200 stores across 10 countries.
Business Ventures
Apart from retail, Yusuff Ali M. ‘s business interests include hospitality, real estate, healthcare, and education sectors.
He owns several luxury hotels across India and the Middle East under his hospitality brand “Lemon Tree Hotels.” He has also invested heavily in real estate projects such as “Lulu Towers” – a residential tower located in Kochi, India.
Philanthropy
Despite his massive wealth, Yusuff Ali M. is known for his philanthropic activities both in India and abroad. He has donated generously towards various charitable causes such as healthcare, education, and disaster relief efforts.
The Bottom Line
In conclusion, Yusuff Ali M., the founder of Lulu Group International, is the richest Indian in Dubai with a net worth of $4.3 billion. His inspiring journey from a salesman to a self-made billionaire is a testament to his hard work and determination. His diversified business interests and philanthropy have made him not only successful but also respected in the community.
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