Micky Jagtiani

Micky Jagtiani
Born
Mukesh Wadhumal Jagtiani

(1952-08-15)15 August 1952
Kuwait City, Kuwait
Died26 May 2023(2023-05-26) (aged 70)
United Arab Emirates
OccupationsChairman and owner of Landmark Group
Known forLandmark retail stores
SpouseRenuka Jagtiani
Children3

Mukesh Wadhumal "Micky" Jagtiani (15 August 1952 – 26 May 2023) was an Indian billionaire businessman based in the United Arab Emirates, and was the chairman and owner of the Dubai-based Landmark Group.[1]

Early life and education

Jagtiani was of Sindhi heritage.[2] He attended school 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 six 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.[4] It employs around 45,000 people and has more than 1000 stores across the Persian Gulf region, Middle East and India.[5][failed verification][6]

In 2008, Jagtiani bought a 6% stake in the UK high-street retailer Debenhams, entered the Forbes list of billionaires,[3] and became the 16th richest Indian with a net worth of USD 2 billion.[7] In 2014, he launched a family office with assets worth US$5 billion.[8] In May 2023, his estimated net worth was US$5.2 billion, according to Forbes.[4]

As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024,Renuka Jagtiani is ranked 56th with a net worth of $5.6 Billion.[9]

Personal life and death

Jagtiani was married to Renuka Jagtiani and had three children: Aarti, Nisha, and Rahul.[10] He lived in Dubai, United Arab Emirates.[4] He died on 26 May 2023, at the age of 70.[11]

References

  1. ^ "جانیے دبئی کے 10 امیر ترین شخص کون ہیں اور وہ کتنی دولت کے مالک ہیں | KHALEEJ URDU | UAE NEWS URDU | DUBAI NEWS URDU | GULF NEWS URDU" (in Urdu). 22 November 2020. Retrieved 27 May 2023.
  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. ^ a b "CEOs Without College Degrees". Business Week. 5 April 2009. Archived from the original on 31 May 2009.
  4. ^ a b c "Forbes profile: Micky Jagtiani". Forbes. Retrieved 26 May 2023.
  5. ^ "The Expat 50; The region's most influential expatriates; 19# Mukesh Jagtiani". arabianbusiness.com. Archived from the original on 20 May 2010. Retrieved 26 May 2023.
  6. ^ "دنیا کے امیر ترین اور کامیاب مگر کالج بدر افراد - حصہ دوئم". Hamariweb.com Articles. 10 November 2013. Retrieved 27 May 2023.
  7. ^ "Mukesh Ambani richest Indian in Forbes list". Indian Express. 13 November 2008.
  8. ^ Reeba Zachariah, Boby Kurian, JM Financial top gun quits to launch family office of Micky Jagtiani, Indiatimes.com, 5 April 2014
  9. ^ "India's 100 Richest".
  10. ^ "Renuka Jagtiani Biography, Age, Husband, Children, Net Worth - StanleyPlug". 5 April 2024. Retrieved 5 April 2024.
  11. ^ "Dubai's Landmark Group owner Micky Jagtiani passes away at age 70". Arabian Business. 26 May 2023. Retrieved 26 May 2023.
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