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Wednesday, April 24 2024
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Renuka Jagtiani: From Mumbai to Forbes’ New Billionaires List

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Photo Credit : File photo

India’s wealth landscape has witnessed a notable surge this year, with 25 new billionaires ascending to the ranks of the world’s richest, according to the latest Forbes report. Among them stands Renuka Jagtiani, the Chairwoman and CEO of Landmark Group, with an impressive net worth of $4.8 billion.

Who is Renuka Jagtiani?

Renuka Jagtiani leads Landmark Group, a multinational consumer conglomerate based in Dubai, which was founded by her late husband, Micky Jagtiani, in 1993. Under her guidance, the Group has flourished, now employing over 50,000 individuals across various sectors.

With a Bachelor’s degree in Arts from the University of Mumbai, Renuka Jagtiani’s business acumen and leadership have garnered widespread recognition. She has received numerous accolades throughout her career, including the Outstanding Asian Business Woman of the Year award in 2007, and the Entrepreneur of the World Year title by the World Entrepreneurship Forum in 2014.

Joining Landmark Group in 1993, Renuka Jagtiani has steered the company’s corporate strategy, establishing it as the largest retailer channel of homegrown brands in the Middle East, Indian subcontinent, Southeast Asia, and Africa.

Renuka Jagtiani’s inclusion in Forbes’ ‘New Billionaires’ list reflects her remarkable success in business, with a net worth of $4.8 billion. She is also a proud mother to three children – Aarti, Nisha, and Rahul – who serve as group directors at Landmark.

Forbes’ New Billionaires 2024 report underscores a global surge in wealth, with 2,781 billionaires identified worldwide, collectively valued at $14.2 trillion. The addition of 265 new billionaires this year signals significant growth in prosperity compared to the previous year’s figure of 150.

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