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Renuka Jagtiani is India’s newest billionaire
Chairwoman and CEO of Landmark Group, a multinational consumer conglomerate based in Dubai, Renuka Jagtiani inherited her husband Micky Jagtiani’s fortune following his passing last year.
Renuka Jagtiani / Image- LinkedIn
Forbes recently unveiled its much-anticipated 'World's Billionaires' list for 2024, revealing a notable increase in the number of Indian billionaires. Among the newcomers to this list is Renuka Jagtiani, a non-resident Indian who has made her debut as one of India's wealthiest individuals.
Chairwoman and CEO of Landmark Group, a multinational consumer conglomerate based in Dubai, Renuka Jagtiani inherited her husband Micky Jagtiani’s fortune following his passing last year. According to Forbes, her net worth now stands at over $4.8 billion, placing her at No. 44 on the list.
The Landmark Group, founded in 1973 with a single store in Bahrain, has grown into a significant player in the retail and hospitality sectors, boasting over 2,200 stores and outlets across various regions, including the GCC, Middle East, India, Southeast Asia, and Africa. The conglomerate's portfolio includes well-known brands such as Max, Splash, Babyshop, Centrepoint, Shoemart, Homecentre, Emax, Fitness First, and Funcity.
Jagtiani's career has been marked by notable achievements, including recognition as Businesswoman of the Year in 2012 and Outstanding Asian Business Woman of the Year in 2007. Her contributions to Landmark Group's expansion and success have been pivotal, particularly in the establishment of Splash, a fast-fashion business with a significant presence in the Middle East and Africa, and the setup of Indian operations, including Lifestyle.
The Forbes' list also highlighted the growing presence of Indian billionaires, with 25 new entrants making their debut this year. The total number of Indian billionaires now stands at 200, collectively holding a combined wealth of $954 billion. This significant increase from the previous year underscores India's growing prominence in the global economic landscape and its potential as a hub for entrepreneurial endeavors.
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