Meet India’s second-richest billionaire in retail sector with Rs 46,060 crore net worth, know about his business

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The man leads a bunch whose turnover is round USD 8 billion (Rs 65800 crore).

MA Yusuff Ali is a widely 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 round USD 8 billion (Rs 65800 crore).

MA Yusuff’s net value

According to Forbes, Yusuff Ali has a real-time net value of USD 5.6 billion as of July 29, 2023. This is round Rs 46,060 crore. He is at the moment on the 500 place in the listing of richest folks in the world. He can also be India’s second-richest billionaire in the style and retail sector after Radhakishan Damani. During Covid, he donated USD 6.8 million to struggle the pandemic. Yusuff additionally constructed and donated a remedy middle 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 title 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 affix his uncle’s small distribution business. He opened his first LuLu hypermarket in the Nineties. 

Headquartered in Abu Dhabi, the capital metropolis of the United Arab Emirates (UAE), the LuLu group is finest identified in the Gulf by way of a sequence of fashionable Shopping Malls and Hypermarkets which serve the widest segments of multi-ethnic residents in the area.

Apart from his busy business involvement, Yusuff Ali is equally energetic on the social entrance and is related with numerous organizations. He is married to Shabira Yusuff Ali. The duo has three kids. His elder daughter Sabeena is married to billionaire businessman Shamsheer Vayalil, who runs a separate healthcare business.

READ | Meet the person who constructed Rs 9,840 crore firm in simply 3 months


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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