Dubai-based billionaire businessman and owner of Landmark Group Micky Jagtiani has passed away at the age of 70. Jagtiani is survived by his wife and three children.
With a net worth of $5.2 billion, the renowned Indian businessman was ranked 511 on the Forbes’ annual world billionaires list in 2023.
His wife Renuka Jagtiani currently looks after the Dubai-based company as Chairman and CEO.
Landmark Group – comprising Max, Babyshop, Splash, Homecentre and other influential brands – operates 2,200 stores in 24 countries in Middle East, Southeast Asia, Indian subcontinent and Africa.
Who is Micky Jagitiani, owner of Lankdmark Group
Micky Jagtiani, who passed away on May 26, 2023, was an Indian businessman and the founder of the Landmark Group. He was born on August 15, 1952, in Kuwait. Jagtiani was known for his entrepreneurial success and his contributions to the retail industry in the Middle East.
The Landmark Group, established in 1973, is a multinational conglomerate based in Dubai, United Arab Emirates. It operates a diverse portfolio of retail brands across various sectors, including fashion, home furnishings, electronics, and hospitality. Some of the well-known brands under the Landmark Group include Lifestyle, Max Fashion, Splash, Home Centre, and Babyshop.
The Richest Indian in Dubai
Micky Jagtiani is considered one of the wealthiest individuals in the Middle East. His business acumen and vision have played a significant role in the growth and expansion of the Landmark Group. Under his leadership, the company has achieved substantial success, expanding its operations across multiple countries in the Middle East, Africa, and India.
Jagtiani’s business ventures
Jagtiani’s business ventures extend beyond retail. He was also involved in philanthropy and has supported various charitable initiatives, particularly in the fields of education and healthcare.
Micky Jagtiani’s entrepreneurial achievements have earned him numerous accolades and recognition. In 2013, he was awarded the Lifetime Achievement Award at the Gulf Business Industry Awards. His contributions to the retail sector made him a prominent figure in the business community, both in the Middle East and internationally.
tanvir@dubainewsweek.com
