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M.A. Yusuff Ali Net Worth

M.A. Yusuff Ali Net Worth is
$1.5 Billion



M.A. Yusuff Ali Biography

$1.5 Billion: Yusuffali M.A can be an Indian businessman from Nattika in Thrissur district of Kerala. He’s the Controlling Director of Abu Dhabi-headquartered EMKE LuLu Band of businesses that owns the Lulu Hypermarket chain in Middle East. With an annual turnover of US$ 4.5 billion globally, the Group employs the biggest number of Indians outside India. Based on the latest Forbes Listing, Yusuff Ali happens to be the 39th wealthiest Indian and the 737th richest in the globe, with a personal prosperity of $2.8 billion. He recently acquired 4.99 % shares of the 93-year-old Thrissur-based Catholic Syrian Bank (CSB) and has improved his stake in the Kerala based Federal Bank to 4.47 %. Yusuffali was created in Thrissur district on November 15, 1955. He finished his schooling from Nattika and relocated to Gujarat where he do his diploma running a business Management & Administration. Following the research he remaining India in 1973 to Abu Dhabi where his paternal uncle, MK Abdullah, the Chairman and the founder of the EMKE Band of companies was conducting business. He created the import and low cost distribution of the group and ventured into the supermarket business by launching Lulu Hypermarket. He began his 1st Lulu Hypermarket in 1990s, a period when the UAE’s retail sector witnessed a significant change, with the original groceries and supermarkets yielding spot to large neighborhood shops and hypermarkets. As the access of Continent (right now Carrefour) in 1995 transformed the facial skin of retail business in Dubai, Yusuffali required charge of Abu Dhabi’s retail sector by rolling out LuLu Hypermarket in Abu Dhabi. M.A. Yusuff Ali Net Well worth: M.A. Yusuff Ali can be an Indian businessman who includes a net well worth of $2 billion. Mr. Ali entered the billionaire ranks as the Controlling Director of Abu Dhabi-headquartered EMKE LuLu Band of businesses, which has the center East-centered Lulu Hypermarket chain in its possession. The group reportedly makes annual turnover of US$ 4.5 billion globally and employs the biggest number of Indians outside India. Born on November 15, 1955, in a little Indian village, M.A.Yusuff Ali migrated to Abu Dhabi in the 1970s to become listed on his uncle’s business, we.e., the EMKE Band of businesses. A holder of a diploma running a business Administration & Administration, Yusuff Ali opened his initial Lulu Hypermarket in 1990s, an interval when the original groceries and supermarkets had been replaced by huge neighborhood shops and hypermarkets. Today, LuLu Group International makes $5 billion (revenues) and provides a lot more than 100 retail outlets in the centre East, Africa and India. With programs to broaden to India additional by opening its initial mall there, the Lulu Group also broadens its passions in areas like healthcare, software program, and infrastructure with functions in 21 countries. Apart from Lulu, M.A. Yusuff Ali owns two Marriot Resorts and a Grand Hyatt Resort. He made the news recently along with his bid to get a minority stake in the Catholic Syrian Lender. A global known Retail personality M.A. Yusuff Ali born on Tuesday, November 15, 1955 in great town of Nattika, Thrissur district in Kerala, India. M.A. Yusuff Ali net worthy of regarding to 2015 stats is certainly $1,500,000,000. Indian businessman M.A. Yusuff Ali may be the mind of the Lulu Group and he comes with an estimated net worthy of of $1.5 billion by March 2013 regarding to Forbes. He also managed to get to the Forbes Billionaires list for the very first time. He’s the 35th richest person in India and is certainly ranked 974th one of many Globe Billionaires. Mr. Yusuff Ali utilized to be always a part of a little trading business possessed by his family members. He today manages the Abu Dhabi-headquartered the business whose flagship may be the Lulu retail chain with $4.25 billion in product sales. Recently, it is rated by Deloitte among the ten fastest developing retailers in the globe. It functions a string of hypermarkets, supermarkets, and food markets in the centre East and Africa. In addition, it plans to open up its initial mall in India. Today, Lulu Group provides business passions in healthcare, software program, and infrastructure with functions in 21 countries. THE CENTER East retail magnate was created on November 15, 1955 in Nattika, Thrissur district in Kerala, India. He migrated to Abu Dhabi in the 1970’s to become listed on his family members’s business. He began his own business profession by importing frozen foods before he founded Lulu through the Gulf Battle. It later set up its name as the company of value-for-money items. Ali utilized to be always a backer of Cochin Airport terminal, India’s first airport terminal built through a public-personal partnership, in his indigenous Kerala state. He’s also who owns two Marriot Resorts and a Grand Hyatt Resort in the same town. Lately, he was in the news headlines as he bid to get a minority stake in the Catholic Syrian Lender.


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