Yusuff Ali’s Net Worth

M.A. Yusuff Ali, the billionaire entrepreneur behind LuLu Group International, has an estimated net worth of $5 billion. As the Managing Director of the Abu Dhabi-based conglomerate, he has built one of the largest retail empires in the Middle East, operating the globally recognized LuLu Hypermarket chain.

Early Life

Born on November 15, 1955, in a small village in Kerala, India, Yusuff Ali moved to Abu Dhabi in the 1970s to join his uncle’s business under the EMKE Group.

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With a diploma in Business Management & Administration, he ventured into the retail sector, launching the first LuLu Hypermarket in the 1990s. His ability to anticipate market trends helped the company thrive during a period when traditional grocery stores were being replaced by large-scale retail outlets.

LuLu Group’s Expansion and Revenue Growth

Today, LuLu Group International generates over $5 billion in annual revenue and operates more than 100 retail outlets across the Middle East, Africa, and India. The company has diversified beyond retail into industries such as healthcare, infrastructure, and IT, with a presence in 21 countries.

Other Investments and Business Ventures

Apart from the LuLu Group, Yusuff Ali owns two Marriott Hotels and a Grand Hyatt Hotel, expanding his portfolio in the hospitality sector. He has also made significant investments in the financial sector, including a minority stake in the Catholic Syrian Bank.

Yusuff Ali Net Worth

Yusuff Ali net worth is $5 billion. As one of the wealthiest entrepreneurs of Indian origin, Yusuff Ali continues to shape the global retail industry. His leadership has created thousands of jobs, particularly for Indians working abroad, solidifying his status as a key figure in international business.