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Meet the 14 richest Indian billionaires in the UAE
There are 40 immigrants in Hurun India Rich list 2017 and 64 per cent of them are self made.
- By
- Staff Report
The UAE, UK and US are the most preferred countries for migration by Indian billionaires, says a latest report.
There are 40 immigrants in Hurun India Rich list 2017 and 64 per cent of them are self made. With 14 individuals, UAE is the most preferred destination for immigration, followed by 10 in UK and 8 in the US.
With Rs88,200 crore, LN Mittal of ArecelorMittal is the wealthiest immigrant into UK, while Yusuffali M.A. is the wealthiest immigrant into the UAE with Rs31,900 crore. Sunny Varkey (Rs17,900 crore) and B.R. Shetty (Rs17,300 crore) are the other two billionaires in top 10 list of Hurun India Rich list who migrated into the UAE because of the country's excellent infrastructure, ease of doing business, peaceful environment and good quality of lifestyle.
In order to get these results, the Hurun India Rich's methodology involved taking a snapshot of wealth as on 31 July 2017. The exchange rate used for US$ was INR 64.1. The list relates to those with Indian origin on their passports.
The valuing of the wealth of India's richest is as much an art as it is a science. It is believed that the Hurun India Rich List is one of the most serious attempts to identify India's top entrepreneurs and to measure their holdings.
| Name | Wealth (INR crore) | Change | Company/Group | Industry | Age | Emirate |
|---|---|---|---|---|---|---|
| Micky Jagtiani | 34,700 | 1% | Landmark | Retailing | 65 | Dubai |
| Yusuffali MA | 31,900 | -13% | Emke | Retailing | 61 | Abu Dhabi |
| Sunny Varkey | 17,900 | 25% | Gems Education | Others | 60 | Dubai |
| BR Shetty | 17,300 | 57% | NMC | Healthcare | 75 | Abu Dhabi |
| Adani Vinodbhai Shantilal | 15,700 | 200% | Adani Enterprises | Diversified | - | Dubai |
| Ravi Pillai | 13,600 | -28% | RP | Construction & Engineering | 63 | Dubai |
| Feroz Allana | 12,000 | 2% | IFFCO | Trading | - | Sharjah |
| Divyank Turakhia | 11,500 | New | Media.Net | Software & Services | 35 | Dubai |
| Shamsheer Vayalil | 11,100 | New | VPS Healthcare | Healthcare | 40 | Abu Dhabi |
| Tony Jashanmal | 31,900 | -13% | Jashanmal | Retailing | 61 | Abu Dhabi |
| Saket Burman | 7,400 | New | Dabur | FMCG | 40 | Dubai |
| Azad Moopen | 7,100 | -5% | DM Healthcare | Healthcare | 64 | Dubai |
| Rizwan Sajan | 5,900 | 9% | Danube | Construction Materials | 53 | Dubai |
| Ramesh S Ramakrishnan | 3,000 | 7% | Transworld | Transportation | - | Dubai |
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