MA Yusuff Ali Net Worth $1.5 Billion
He also made it to the Forbes Billionaires list for the very first time. He’s the 35th richest person in India and is ranked 974th to the list of World Billionaires. Mr. Yusuff Ali used to be part of a small trading company owned by his family. He now handles the Abu Dhabi-headquartered the business whose main is the Lulu retail chain with $4.25 billion in sales. Recently, it is ranked by Deloitte as one of the ten fastest growing retailers in the whole world. It operates a chain of hypermarkets, supermarkets, and grocery stores in the Middle East and Africa. Additionally, it intends to open its first mall in India. Today, Lulu Group has company interests in health care, software, and infrastructure with operations in 21 nations. The Middle East retail magnate was created on November 15, 1955 in Nattika, Thrissur district in Kerala, India. He began his own company career by importing frozen foods before he founded Lulu throughout the Gulf War. It later established its name as the supplier of value for money goods. Ali used to be a backer of Cochin Airport, India’s first airport constructed through a public-private venture, in his native Kerala state. Ali is also the owner of two Marriot Hotels and a Grand Hyatt Hotel in precisely the same city. Recently, Ali was in the news as he bid to get a minority position in the Catholic Syrian Bank.