⬅ # 351 Martin Viessmann|# 353 Pang Kang

# 352 M.A. Yusuff Ali 

$7.71B

Real Time Net Worth
as of 4/12/2024
-$3.8M (-0.05%)

# 352 M.A. Yusuff Ali 

$7.71B

Real Time Net Worth
as of 4/12/2024
-$3.8M (-0.05%)
OccupationChair, LuLu Group International
Source of WealthRetail
Age68
ResidenceAbu Dhabi, United Arab Emirates
Marital StatusMarried
Children3
Age-Adjusted Net Worth$4.49B
M.A. Yusuff Ali
M.A. Yusuff Ali
India
Net worth: $7.71B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Yusuff Ali Musaliam Veettil Abdul Kader, known as M. A. Yusuff Ali was born on November 15, 1955 in Nattika, Thrissur district, Kerala, India
Born into a Muslim family, Yusuff Ali attended St. Xavier's High School in Karanchira for his schooling.
Earned a diploma in Business Management and Administration

Early Career

In 1973, he left India to join his uncle's business in Abu Dhabi, where he initially focused on import and wholesale distribution.
Ventured into the supermarket business by launching the first Lulu Hypermarket in the 1990s, revolutionizing the retail sector in Abu Dhabi.
Diversified the business to include import and distribution of frozen products, expanding to other Emirates and gradually to food and non-food categories.
Expanded operations internationally, leading LuLu Group International to become a major player in the Middle East retail sector.
Played a pivotal role in establishing LuLu Group's presence in India, opening the largest shopping mall in India, LuLu International Shopping Mall in Kochi, in 2013.

Business Ventures and Investments

Acquired stakes in various Indian banks including Catholic Syrian Bank, Dhanlaxmi Bank, Federal Bank, and South Indian Bank.
Expanded into the hospitality sector with acquisitions including the Waldorf Astoria in Scotland and the Great Scotland Yard Hotel in London.
Diversified investments include acquiring a stake in the UK-based trading firm, East India Company.
Operates multiple shopping malls and convention centers across India, including the Lulu Bolgatty International Convention Centre in Kochi, one of the largest in South Asia.
Continued expansion with the opening of multiple shopping malls across India, including in Bengaluru, Thiruvananthapuram, and Lucknow.
Planned listing of LuLu Group's retail business in 2023-2024.

Philanthropy

Engaged in various social, charitable, and humanitarian activities in India and the Gulf states.
Contributed to disaster relief efforts globally, including donations for earthquake, tsunami, and flood relief.
Supported education initiatives through partnerships with organizations like Dubai Cares.
Initiatives include establishing multi-faith funeral centers, promoting organic products, and aiding expatriate communities in the Gulf region.
Donated generously for Kerala flood relief, pledging Rs 50 million during the 2019 Kerala floods.
Active involvement in ensuring social, economic, and religious welfare of expatriate Indians in the Gulf.

Accomplishments and Recognition

LuLu Group International operates with an annual turnover of US$8.4 billion, employing a large number of Indians outside India.
Recognized for fast growth in retail sector by Deloitte, positioning LuLu Group as one of the fastest growing retailers globally.

How long would it take you to become as rich as M.A. Yusuff Ali?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach M.A. Yusuff Ali's net worth of $7.71B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

M.A. Yusuff Ali is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For M.A. Yusuff Ali, Retail is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey