M.A Yusuf Ali a NRI buisiness man from kerala, india who is the managing director of Abu Dhabi-headquartered EMKE LuLu Group of companies that owns the Lulu Hypermarket chain in Middle East recently entered into the forbes billioniares list. The only malayali in the list. Yusuff Ali is currently the 40th wealthiest Indian and the 974th richest in the world, with a personal wealth of arround $2 billion U.S Dollars. LuLu retail chain is one of the 10 fastest growing retailers in the world.
Yusuf Ali tops the list of Kerala billionaires, followed by Kris Gopalakrishnan, of Infosys ($1.35 billion), Joy Alukkas ($1 billion) and T S Kalyanaraman ($1 billion), of Kalyan Group.
His latest venture is the $16 billion LuLu International Shopping Mall in the city of Kochi, India with a square feet of 3,900,000 on 17 acres of land. You will have a breath taking view inside the mall. The mall consists of more than 300 outlets including food courts, restaurants, family entertainment zones, a nine-screen multiplex, South India's largest ice skating rink and a 12 lane bowling alley.
The group’s other interests include healthcare, software and infrastructure with operations in 21 countries. He also owns two Marriott hotels and a Grand Hyatt and was recently in news for his bid to buy a minority stake in Catholic Syrian Bank.
GOTO- FORBES.COM : MA YUSUF ALI
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