6 UAE expats in Forbes' billionaires list, and they are all Indians

6 UAE expats in Forbes billionaires list, and they are all Indians

Dubai - Their combined worth is a cool Dh60.6 billion.



By Web Report

Published: Wed 27 Mar 2019, 2:47 PM

Last updated: Thu 28 Mar 2019, 4:14 PM

Five UAE expats have made it into Forbes' billionaires list for 2019 - apart from the seven Emirati billionaires.
Expats from the sub-continent have made their way to the deserts of Arabia looking for greener pastures for decades, including the UAE, and have made their fortunes in recent decades.
This year, Forbes' billionaires list comprises of five expats - of Indian origin.
Topping the list is prominent business tycoon, MA Yusuff Ali, who ranks at 394 on the list, but emerges as the richest expat in UAE. The retail king is worth over $4.7 billion.
Next is Micky Jagtiani, who went from being a London cabbie to Gulf billionaire. The retail magnate is worth nearly $4 billion. His overall rank is 478.
A pharma salesman who made billions in healthcare - BR Shetty of NMC Health is worth $2.8 billion. He is famously known for owning two floors in the world's tallest structure, Dubai's Burj Khalifa. He is 804 on the list.
Educationist, Sunny Varkey of GEMS education, is the fourth richest UAE expat on the list, worth $2.4 billion. He ranks 962 on the list.
Dr Shamsheer Vayalil, founder of VPS Healthcare, also made it to the list. The healthcare tycoon is worth $1.4 billion and ranks 1,605 overall.
Rounding off the list is PNC Menon. The property developer is worth $1.1 billion and ranks 1,941, overall.
The combined worth of these expats is a whopping $16.5 billion (Dh60.6 billion or Rs1.1 trillion!)
yousufk@khaleejtimes.com


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