Micky Jagtiani Explained

Micky Jagtiani
Birth Name:Mukesh Wadhumal Jagtiani
Birth Date:1952 8, df=y
Birth Place:Kuwait City, Kuwait
Death Place:United Arab Emirates
Nationality:Indian
Known For:Landmark retail stores
Occupation:Chairman and owner of Landmark Group
Spouse:Renuka Jagtiani
Children:3

Mukesh Wadhumal "Micky" Jagtiani (15 August 1952 – 26 May 2023) 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.

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.[3] It employs around 45,000 people and has more than 1000 stores across the Persian Gulf region, Middle East and India.[4] [5]

In 2008, Jagtiani bought a 6% stake in the UK high-street retailer Debenhams, entered the Forbes list of billionaires,[6] and became the 16th richest Indian with a net worth of USD 2 billion.[7] In 2014, he launched a family office with assets worth US$5 billion.[8] In May 2023, his estimated net worth was US$5.2 billion, according to Forbes.

Personal life and death

Jagtiani was married to Renuka Jagtiani and had three children: Aarti, Nisha, and Rahul.[9] He lived in Dubai, United Arab Emirates.[3] He died on 26 May 2023, at the age of 70.[10]

Notes and References

  1. Web site: 22 November 2020 . 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 . 27 May 2023 . ur.
  2. News: Most billionaires in India today once resided in Pakistan's Sindh. Daily Times. Waseem. Palijo. 8 January 2019. 7 May 2020. 7 May 2020. https://web.archive.org/web/20200507172647/https://dailytimes.com.pk/341601/most-billionaires-in-india-today-once-resided-in-pakistans-sindh/.
  3. Web site: Forbes profile: Micky Jagtiani . Forbes . 26 May 2023.
  4. Web site: The Expat 50; The region's most influential expatriates; 19# Mukesh Jagtiani . dead . https://web.archive.org/web/20100520023631/http://www.arabianbusiness.com/expat-powerlist/profile/1231 . 20 May 2010 . 26 May 2023 . arabianbusiness.com.
  5. Web site: 10 November 2013 . دنیا کے امیر ترین اور کامیاب مگر کالج بدر افراد - حصہ دوئم . 27 May 2023 . Hamariweb.com Articles . en-us.
  6. News: CEOs Without College Degrees. . https://web.archive.org/web/20090531081226/http://images.businessweek.com/ss/09/05/0522_no_college_ceos/11.htm . dead . 31 May 2009 . . 5 April 2009 .
  7. News: Mukesh Ambani richest Indian in Forbes list . Indian Express. 13 November 2008 .
  8. Reeba Zachariah, Boby Kurian, JM Financial top gun quits to launch family office of Micky Jagtiani, Indiatimes.com, 5 April 2014
  9. Web site: 2024-04-05 . Renuka Jagtiani Biography, Age, Husband, Children, Net Worth - StanleyPlug . 2024-04-05 . en-US.
  10. News: Dubai's Landmark Group owner Micky Jagtiani passes away at age 70 . 26 May 2023 . Arabian Business . 26 May 2023.