With an astounding $4.8 billion in net worth, Renuka Jagtiani, the chairperson of the retailing giant Landmark Group, earned a spot on Forbes’ 2024 list of New Billionaires.
According to Forbes’ most recent survey, India now has 25 billionaires among the world’s wealthiest people. Renuka Jagtiani, the chairwoman of Landmark Group, stands out among them with her $4.8 billion net worth.
Renuka Jagtiani: Who is she?
Renuka Jagtiani is a well-known figure in the economic world, coming in at number 660 on Forbes’ 2024 list of New Billionaires. She carries on her late husband Micky Jagtiani’s legacy as the head of Landmark Group, a retailing behemoth with its headquarters in Dubai. Micky Jagtiani started the business in 1973 and died in May 2023.
About Landmark Group
Landmark Group, which began as a single store in Bahrain, has grown into an international corporation with over 2,200 locations in 24 countries throughout the Middle East, Africa, Southeast Asia, and the Indian subcontinent. Under Renuka Jagtiani’s direction, Landmark Group has diversified into several areas, including retail, hospitality, cuisine, and leisure, with over 25 proprietary brands.
Renuka Jagtiani’s Education
Renuka Jagtiani, 70, holds a Bachelor of Arts degree from the University of Mumbai. Notably, she was instrumental in the launch of the high-street fashion brand Splash in 1993. Her accomplishments have earned her international acclaim, including being awarded Outstanding Asian Business Woman of the Year in 2007 and receiving the Entrepreneur of the World Year award from the World Entrepreneurship Forum in 2014.
Renuka Jagtiani’s Achievements
She has also received numerous awards, including Businesswoman of the Year in 2012, Strategic Leader of the Year in 2015, and Captain of the Industry in 2016. Her induction into the World Retail Congress Hall of Fame occurred in 2017.
Renuka Jagtiani’s Family
Renuka Jagtiani’s commitment to Landmark Group is evident in her family’s involvement, as her three children, Aarti, Nisha, and Rahul, serve as group directors. The increase in global wealth this year has resulted in the inclusion of 265 new billionaires to Forbes’ list.
About Micky Jagtiani
Micky Jagtiani’s journey from driving a cab in London to starting Landmark Group demonstrates his determination and financial aptitude. Following family traumas, he moved to Bahrain in 1973, starting with baby items and eventually building into a retail empire that shifted to Dubai following the Gulf War.
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