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Micky Jagtiani

Indian businessman (–)

Micky Jagtiani

Born

Mukesh Wadhumal Jagtiani


()15 August

Kuwait City, Kuwait

Died26 May () (aged&#;70)

United Arab Emirates

NationalityIndian
Occupation(s)Chairman and owner of Landmark Group
Known&#;forLandmark retail stores
SpouseRenuka Jagtiani
Children3

Mukesh Wadhumal "Micky" Jagtiani (15 August – 26 May ) 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, people and has more than stores across the Persian Gulf region, Middle East and India.[5][failed verification][6]

In , 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 , he launched a family office with assets worth US$5 billion.[8] In May , his estimated net worth was US$ billion, according to Forbes.[4]

As per Forbes list of India’s richest tycoons, dated OCTOBER 09, ,Renuka Jagtiani is ranked 56th with a net worth of $ 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 , at the age of [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 Retrieved 27 May
  2. ^Palijo, Waseem (8 January ). "Most billionaires in India today once resided in Pakistan's Sindh". Daily Times. Archived from the original on 7 May Retrieved 7 May
  3. ^ ab"CEOs Without College Degrees". Business Week. 5 April Archived from the original on 31 May
  4. ^ abc"Forbes profile: Micky Jagtiani". Forbes. Retrieved 26 May
  5. ^"The Expat 50; The region's most influential expatriates; 19# Mukesh Jagtiani". . Archived from the original on 20 May Retrieved 26 May
  6. ^"دنیا کے امیر ترین اور کامیاب مگر کالج بدر افراد - حصہ دوئم". Articles. 10 November Retrieved 27 May
  7. ^"Mukesh Ambani richest Indian in Forbes list". Indian Express. 13 November
  8. ^Reeba Zachariah, Boby Kurian, JM Financial top gun quits to launch family office of Micky Jagtiani, , 5 April
  9. ^"India's Richest".
  10. ^"Renuka Jagtiani Biography, Age, Husband, Children, Net Worth - StanleyPlug". 5 April Retrieved 5 April
  11. ^"Dubai's Landmark Group owner Micky Jagtiani passes away at age 70". Arabian Business. 26 May Retrieved 26 May