Micky Jagtiani

Mukesh Wadhumal "Micky" Jagtiani (born 15 August 1952 in Kuwait) is an Indian billionaire businessman, based in the UAE, and owner of the Dubai-based Landmark retail stores group.

Micky Jagtiani
Born
Mukesh Wadhumal Jagtiani

(1952-08-15) 15 August 1952
Kuwait
NationalityIndian
OccupationChairman and owner, Landmark Group
Known forLandmark retail stores
Net worthUS$2.1 billion (May 2020)[1]
Spouse(s)Renuka Jagtiani
Children3

Early life and education

Jagtiani is of Sindhi heritage.[2] He did his schooling in Chennai, Mumbai and Beirut, before moving to London, where he joined an accounting school from which he eventually dropped out.[3]

Career

Jagtiani returned to Bahrain and took over his deceased brother's shop that he turned into a baby products shop (Babyshop). After 10 years working in the shop, Jagtiani started to expand by opening 6 new shops. When the Gulf War struck, he moved to Dubai where he founded the Landmark Group. Over the years, the Landmark Group expanded into fashion, electronics, furniture and budget hotels in Middle East and Southeast Asia.[1] It employs around 45000+ people and has more than 1000 stores across the Persian Gulf region, Middle East and India.[4]

In 2008, Jagtiani now a billionaire mall developer and the chairman, Landmark International, Dubai-based retail group, bought a 6% stake in the UK high-street retailer Debenhams, and entered the Forbes list of billionaires,[3] and the 16th-richest Indian with a net worth of USD 2 billion.[5]

In 2014, he launched his family office with assets worth $5 billion.[6]

In May 2020, he had a net worth of US$2.1 billion, according to Forbes.[1]

Personal life

He is married, with three children, and lives in Dubai, United Arab Emirates.[1]

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References
  1. "Forbes profile: Micky Jagtiani". Forbes. Retrieved 2 May 2020.
  2. Palijo, Waseem (8 January 2019). "Most billionaires in India today once resided in Pakistan's Sindh". Daily Times. Archived from the original on 7 May 2020. Retrieved 7 May 2020.
  3. "CEOs Without College Degrees". Business Week. 5 April 2009.
  4. 19# Mukesh Jagtiani:50 most influential expatriates Arab Business.
  5. "Mukesh Ambani richest Indian in Forbes list". Indian Express. 13 November 2008.
  6. Reeba Zachariah, Boby Kurian, JM Financial top gun quits to launch family office of Micky Jagtiani, Indiatimes.com, 5 April 2014
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