Mukesh Wadhumal "Micky" Jagtiani (15 August 1952 – 26 May 2023) was an Indian

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

businessman based in the United Arab Emirates, and was the chairman and owner of the

Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...

-based

Landmark Group Landmark Group is a UAE-based multinational conglomerate headquartered in Dubai founded by Micky Jagtiani, who was the founder and chairman of the company. The group is involved in the retailing of apparel, footwear, consumer electronics, cosme ...

Early life and education

Jagtiani was of Sindhi heritage. He attended school in

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

, and

Beirut Beirut ( ; ) is the Capital city, capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, just under half of Lebanon's population, which makes it the List of largest cities in the Levant region by populatio ...

, 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 , combatant2 = , commander1 = , commander2 = , strength1 = Over 950,000 soldiers3,113 tanks1,800 aircraft2,200 artillery systems , page = https://www.govinfo.gov/content/pkg/GAOREPORTS-PEMD-96- ...

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. It employs around 45,000 people and has more than 1000 stores across the

Persian Gulf The Persian Gulf, sometimes called the Arabian Gulf, is a Mediterranean seas, mediterranean sea in West Asia. The body of water is an extension of the Arabian Sea and the larger Indian Ocean located between Iran and the Arabian Peninsula.Un ...

region, Middle East and India. In 2008, Jagtiani bought a 6% stake in the UK high-street retailer

Debenhams Debenhams plc was a British department store chain that operated in the United Kingdom, Ireland and Denmark, as well as franchised locations across Europe and the Asia Pacific. The company was founded in 1778 as a single store in London and gr ...

, entered the ''

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'' list of billionaires, and became the 16th richest Indian with a net worth of USD 2 billion. In 2014, he launched a

family office A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50–100 million in investable assets, with the goal being to effectively grow and transfer ...

with assets worth US$5 billion. In May 2023, his estimated net worth was US$5.2 billion, according to ''

''. As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024,Renuka Jagtiani is ranked 56th with a net worth of $5.6 Billion.

Personal life and death

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

References

1952 births 2023 deaths Businesspeople from Dubai Businesspeople of Indian descent Indian Sindhi people Retailing in Dubai Indian expatriates in the United Arab Emirates People from Kuwait City Indian expatriates in Kuwait {{India-business-bio-stub