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India has added 25 new billionaires to the world’s wealthy elite, as revealed in a new report by Forbes magazine. Notable among them is Renuka Jagtiani, chairman of Landmark Group, who has a net worth of $4.8 billion.
Who is Renuka Jagtiani?
Ranked 660th in the world on Forbes’ 2024 New Billionaires list, Renuka Jagtiani is a prominent figure in the business world. As the head of Dubai-based retail giant Landmark Group, she founded the conglomerate in 1973 and inherited the legacy of her late husband, Mickey Jagtiani, who passed away in May 2023. There is.
About Landmark Group
Landmark Group has grown from one store in Bahrain to a multinational company with more than 2,200 stores in 24 countries across the Middle East, Africa, Southeast Asia and the Indian subcontinent. Under the management of Renuka Jagtiani, Landmark Group has diversified into various sectors such as retail, hospitality, food and leisure and boasts over 25 proprietary brands.
Renuka Jagtiani’s educational background
Renuka Jagtiani (70) completed her Bachelor of Arts degree from the University of Mumbai. In particular, she played a pivotal role in the launch of her high street fashion brand Her Splash in 1993. Her achievements have been internationally recognized, including being named Outstanding Asian Business Woman of the Year in 2007 and receiving the Entrepreneur of the World Award for Her Year. World Entrepreneurship Forum 2014.
Achievements of Renuka Jagtiani
Additionally, she has received titles such as “Businesswoman of the Year” in 2012, “Strategic Leader of the Year” in 2015, and “Captain of Industry.”
Renuka Jagtiani’s family
Renuka Jagtiani’s dedication to Landmark Group is reflected in her family’s involvement, with her three children (Aarti, Nisha and Rahul) serving on the group’s board of directors.
This year’s rise in global wealth has seen 265 new billionaires join Forbes’ list.
About Mickey Jagtiani
Mickey Jagtiani’s journey from being a taxi driver in London to founding Landmark Group is a testament to his perseverance and business acumen. After a tragedy in his family, he moved to Bahrain in his 1973, initially selling baby products, but expanded into a retail empire, eventually relocating to Dubai after the Gulf War.
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