MA Yusuf Ali India’s Second Richest businessman: Daily income is Rs 180 crore
This time Mukesh Ambani, Gautam Adani and other new tycoons have joined the Forbes list of richest people. A businessman from Kerala has also been included in this time. This person earns Rs 180 crores daily.
Forbes list: There are many billionaire entrepreneurs in India. They run a business that earns crores of rupees. Recently Forbes has released the list of India’s richest people, which includes several new people. This businessman from Kerala is also included in it. MA Yusuf Ali, one of the richest Indians with a net worth of Rs 59,000 crore, hails from Kerala. MA Yusuf Ali daily income is Rs 180 crore.
It is known for its excellent academic reputation. Yusuf was last year listed as the 35th richest Indian in the Forbes India Rich List 2022. Many Indians are now operating in various business sectors. Mukesh Ambani, Gautam Adani and other businessmen are featured in the list of richest people along with other celebrities. A businessman from Kerala has also been included in this time. This person earns Rs 180 crores daily.
Who is MA Yusuf Ali?
Indian retail entrepreneur MA Yusuf Ali or Yusuf Ali Musaliyam Weetil Abdul Khader hails from Thrissur, Kerala. MA Yusuf Ali is the Chairman and Managing Director of Lulu Group. The Lulu Group operates in 23 countries spread across the Middle East, Asia, the US and Europe, according to its website.
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It has more than 65,000 employees and an annual revenue of around 8 billion or 66,000 crores. According to the Forbes India Rich List, MA Yusuf Ali, chairman of Lulu Group, is ranked first and 35th among the richest people in Kerala with a net worth of Rs 43,612.56 crore ($5.4 billion) in 2022.
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Yusuf’s current net worth is $7.1 billion, which is equivalent to Rs.5,91,18,15,00,000. He holds a Diploma in Business Management and Administration. In 1973, Yusuf Ali traveled to Abu Dhabi to work with his uncle in a small distribution company. In the 1990s, he opened the first Lulu Superstore.
Headquartered in Abu Dhabi, the capital of the United Arab Emirates (UAE), LuLu is widely recognized in the Gulf through its network of well-loved shopping centers and hypermarkets. In addition to his intense commercial activities, Yusuf Ali is involved with several organizations. Shabeera is the wife of Yusuf Ali. The couple has three children. Their elder daughter Sabina is married to healthcare entrepreneur and billionaire Shamshir Vayalil.
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