Name
M.A. Yusuff Ali
M.A. Yusuff Ali
Abu Dhabi, United Arab Emirates
India
retail, Self Made
$4,300,000,000
394
#394 Billionaires 2019
#26 India's Richest 2018
Middle East retail king M.A. Yusuff Ali presides over $8.1 billion (revenue) LuLu Group, with 152 stores in the Gulf region and elsewhere.Hailing from a village in Kerala state in south India, Yusuff Ali left for Abu Dhabi in 1973 to join his uncle's small distribution business.The group's hospitality arm's assets include the Caledonian, a former Victorian railway hotel, overlooking Edinburgh Castle.Yusuff Ali is investing back home in a big way, earmarking more than $2 billion to build hotels, malls and convention centers, among much else.After floods hit his native Kerala state in August 2018, he donated $2.6 million towards rehabilitation.
Yusuff Ali opened his first LuLu hypermarket in the 1990s at the height of the Gulf War.His son-in-law Shamsheer Vayalil, also a billionaire, runs his separate healthcare business.
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