Meet the 14 richest Indian billionaires in the UAE

There are 40 immigrants in Hurun India Rich list 2017 and 64 per cent of them are self made.

By Staff Report

Published: Tue 26 Sep 2017, 1:29 PM

Last updated: Wed 11 Jan 2023, 12:19 PM

The UAE, UK and US are the most preferred countries for migration by Indian billionaires, says a latest report.

There are 40 immigrants in Hurun India Rich list 2017 and 64 per cent of them are self made. With 14 individuals, UAE is the most preferred destination for immigration, followed by 10 in UK and 8 in the US.

With Rs88,200 crore, LN Mittal of ArecelorMittal is the wealthiest immigrant into UK, while Yusuffali M.A. is the wealthiest immigrant into the UAE with Rs31,900 crore. Sunny Varkey (Rs17,900 crore) and B.R. Shetty (Rs17,300 crore) are the other two billionaires in top 10 list of Hurun India Rich list who migrated into the UAE because of the country's excellent infrastructure, ease of doing business, peaceful environment and good quality of lifestyle.

In order to get these results, the Hurun India Rich's methodology involved taking a snapshot of wealth as on 31 July 2017. The exchange rate used for US$ was INR 64.1. The list relates to those with Indian origin on their passports.

The valuing of the wealth of India's richest is as much an art as it is a science. It is believed that the Hurun India Rich List is one of the most serious attempts to identify India's top entrepreneurs and to measure their holdings.

NameWealth (INR crore)ChangeCompany/GroupIndustryAgeEmirate
Micky Jagtiani34,7001%LandmarkRetailing65Dubai
Yusuffali MA31,900-13%EmkeRetailing61Abu Dhabi
Sunny Varkey17,90025%Gems EducationOthers60Dubai
BR Shetty17,30057%NMCHealthcare75Abu Dhabi
Adani Vinodbhai Shantilal15,700200%Adani EnterprisesDiversified-Dubai
Ravi Pillai13,600-28%RPConstruction & Engineering63Dubai
Feroz Allana12,0002%IFFCOTrading-Sharjah
Divyank Turakhia11,500NewMedia.NetSoftware & Services35Dubai
Shamsheer Vayalil11,100NewVPS HealthcareHealthcare40Abu Dhabi
Tony Jashanmal31,900-13%JashanmalRetailing61Abu Dhabi
Saket Burman7,400NewDaburFMCG40Dubai
Azad Moopen7,100-5%DM HealthcareHealthcare64Dubai
Rizwan Sajan5,9009%DanubeConstruction Materials53Dubai
Ramesh S Ramakrishnan3,0007%TransworldTransportation-Dubai

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