- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Meet India's second-richest billionaire in retail sector with Rs 46,060 crore net worth, know about his business
The man leads a group whose turnover is around USD 8 billion (Rs 65800 crore).
Updated : Jul 29, 2023, 05:24 PM IST | Edited by : Prashant Tamta
 "Meet India's second-richest billionaire in retail sector with Rs 46,060 crore net worth, know about his business")
TRENDING NOW
)
Shahid Kapoor, wife Mira Kapoor rent out their Rs 580000000 luxury Mumbai apartment for Rs...
)
After Arjun Kapoor confirms breakup with Malaika Arora, his statement goes viral: 'You can't get away with screwing...'
)
Meet Imsha Rehman, Pakistani TikTok star who deactivated her accounts after video leak and Minahil Malik's MMS
)
Meet Janhvi Kapoor's 'sister' who left Bollywood after no hits in 7 years, still called star; she's worth Rs...
)
Mukesh Ambani's son Anant Ambani, daughter in law Radhika Merchant seen hand in hand in Dubai, video goes viral
)
Shah Rukh Khan's 'gross' reply to his son Aryan Khan developing crush on Mallika Sherawat goes viral: 'Can I also play...'
)
'He was adamant...': Here's why Abhishek Bachchan skipped Aishwarya Rai's birthday celebrations amid divorce rumours
)
Internet fuming over BIZZARE fan reaction in Diljit Dosanjh concert, netizens say, 'better if asteroid hit earth'
)
'Vivian Dsena you are an...': Ravi Dubey reacts after Madhubala star calls him his favourite TV actor in Bigg Boss 18
)
Meet actress who never became lead heroine, married superstar's brother, fell in love with 12 years younger man; now...
)
Before Pakistani TikTok star Minahil Malik, actress Rida Isfahani's MMS video leaked online by...
)
After Sushmita Sen declares she is single, Rohman Shawl's statement goes viral: 'Voh to 6 saal se...'
)
7 times XXX, Gandii Baat star Aabha Paul was 'too hot to handle' in her bikini photos
)
Pakistani TikTok star Minahil Malik's dance video goes viral amid MMS leak controversy, watch
)
'I could move on...': Amid divorce rumours with Abhishek Bachchan, Aishwarya Rai speaks her mind in viral video
MA Yusuff Ali is a well-known billionaire in the retail sector. He is a UAE-based Indian businessman. The 67-year-old is the chairman and managing director of LuLu Group. The group owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall. Its annual turnover is around USD 8 billion (Rs 65800 crore).
MA Yusuff's net worth
According to Forbes, Yusuff Ali has a real-time net worth of USD 5.6 billion as of July 29, 2023. This is around Rs 46,060 crore. He is currently at the 500 position in the list of richest people in the world. He is also India's second-richest billionaire in the fashion and retail sector after Radhakishan Damani. During Covid, he donated USD 6.8 million to fight the pandemic. Yusuff also built and donated a treatment center with 1,400 beds in Kerala, as per Forbes.
Who is MA Yusuff Ali?
He was born in Nattika in Thrissur district of Kerala. His full name is Yusuff Ali Musaliam Veettil Abdul Kader. He holds a diploma in Business Management and Administration. Yusuff Ali left for Abu Dhabi in 1973 to join his uncle's small distribution business. He opened his first LuLu hypermarket in the 1990s.
Headquartered in Abu Dhabi, the capital city of the United Arab Emirates (UAE), the LuLu group is best known in the Gulf through a chain of popular Shopping Malls and Hypermarkets which serve the widest segments of multi-ethnic residents in the region.
Apart from his busy business involvement, Yusuff Ali is equally active on the social front and is associated with various organizations. He is married to Shabira Yusuff Ali. The duo has three children. His elder daughter Sabeena is married to billionaire businessman Shamsheer Vayalil, who runs a separate healthcare business.
READ | Meet the man who built Rs 9,840 crore company in just 3 months
