Micky Jagtiani

Mukesh Wadhumal "Micky" Jagtiani
Born (1952-08-15) 15 August 1952
Kuwait
Residence Dubai, United Arab Emirates[1]
Nationality Indian
Occupation Chairman and owner, Landmark Group
Known for Landmark retail stores
Net worth US$4.3 billion (November 2017)[1]
Spouse(s) Renuka Jagtiani
Children 3

Mukesh Wadhumal "Micky" Jagtiani (born 15 August 1952 in Kuwait) is an Indian billionaire businessman, based in the UAE, and owner of the Dubai-based Landmark retail stores group.

Early life and education

He did his schooling in Madras, Mumbai and Beirut, before moving to London, where he joined an accounting school from which he eventually dropped out.[2]

Career

Micky 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, Micky Jagtiani started to expand by opening 6 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.[1] It employs around 45000+ people and has more than 1000 stores across the Persian Gulf region, Middle East and India.[3]

In 2008, Jagtiani now a billionaire mall developer and the chairman, Landmark International, Dubai-based retail group, bought a 6% stake in the UK high-street retailer Debenhams, and entered the Forbes list of billionaires,[2] and the 16th richest Indian with a net worth of USD 2 billion.[4] Micky Jagtiani a billionaire expanding his business empire from the Persian Gulf to China.

In 2014, he launched his family office with assets worth $5 billion.[5]

In April 2015, he was ranked 291 in the Forbes list of world billionaires, with a net worth of US$5.0 billion.[1]

Philanthropy

In 2000, he established LIFE (Landmark International Foundation of Empowerment), to support underprivileged children in India, through school and healthcare development programmes, homes for destitute children, vocational and non-formal schools, community clinics and medical camps for slum-dwellers and an old age home Chennai.[1][6]

References

  1. 1 2 3 4 5 "Micky Jagtiani". Forbes. Retrieved 29 April 2015.
  2. 1 2 "CEOs Without College Degrees". Business Week. April 5, 2009.
  3. ↑ 19# Mukesh Jagtiani:50 most influential expatriates Arab Business.
  4. ↑ "Mukesh Ambani richest Indian in Forbes list". Indian Express. Nov 13, 2008.
  5. ↑ Reeba Zachariah, Boby Kurian, JM Financial top gun quits to launch family office of Micky Jagtiani, Indiatimes.com, 5 April 2014
  6. ↑ "Talking shop". Business Management.


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