M. A. Yusuff Ali net worth
Current Net Worth – $8.9 Billion (USD – 890 Crores), (Rupees – 74.3 Thousand Crores)
M. A. Yusuff Ali short biography
| Net Worth | $8.9 Billion |
|---|---|
| Born | November 15, 1955 (Age – 68) |
| Identified as | Chairman & Managing Director of LuLu Group |
| Status | Indian Businessman |
| Education | Diploma in Business Management |
| Nationality | Indian |
| Residence | Abu Dhabi, United Arab Emirates |
| Spousal status | Married |
| Children | 3 |
M. A. Yusuff Ali Musaliam has a net worth of $8.9 Billion (USD – 890 Crores), (Rupees – 74.3 Thousand Crores), making him one of the 100 richest people in India.
He is the CEO and chairman of LuLu Group International, which owns the LuLu Hypermarket chain worldwide as well as the LuLu International Shopping Mall.
He, also known as Yusuff Ali M.A., is an Indian businessman based in the United Arab Emirates.
LuLu Group International, with a US$7.4 billion annual turnover, hires the most Indians outside of India.
The Scotland Yard Building in London was bought by him in 2016.
He owned 9.37% of Cochin International Airport as of 2013.
On Bolghatty Island, the Lulu Bolgatty International Convention Centre, along with the 3rd largest Grand Hyatt-branded hotel, is one of the largest convention centers in South Asia.
He moved to Abu Dhabi in 1973 to enter his uncle’s small distribution company after growing up in a village in Kerala, India.
A member of Abu Dhabi’s royal family is said to have purchased a 20% stake in LuLu for $1 billion in April 2020.
He also contributed $6.8 million to the COVID-19 pandemic relief effort.
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M. A. Yusuff Ali biography
| Full Name | M. A. Yusuff Ali Musaliam |
| Birthplace | Nattika, Thrissur, Kerala, India |
| Height | 5.5 feet, 167 cm |
| Weight | 73 Kg |
| Father | M.K. Abdul Qader |
| Mother | N/A |
Yusuff Ali, hailing from Nattika in Kerala, was born on November 15, 1955, into a Muslim family.
In 1973, he embarked on a new chapter by leaving India for Abu Dhabi. This move was driven by the presence of his paternal uncle, M K Abdullah, who was the chairman and founder of the renowned LuLu Group of Companies.
In the UAE, Yusuff Ali played a pivotal role in expanding the group’s import and wholesale distribution operations. He also ventured into the supermarket industry, launching the first Lulu Hypermarket in the 1990s.
This was a transformative period for the retail sector in the UAE, as traditional grocery stores and supermarkets gave way to larger, more expansive neighborhood stores and hypermarkets. Even as the retail landscape evolved with the entry of Continent (now Carrefour) in 1995, Yusuff Ali assumed a leading role in Abu Dhabi’s retail sector, overseeing the expansion of LuLu Hypermarket.
M. A. Yusuff Ali social media handles:
This is indeed a very proud and emotional moment for me. I am very happy to receive Abu Dhabi’s highest civilian award from the blessed hands of HH Sheikh @MohamedBinZayed, Crown Prince & Deputy Supreme Commander of the UAE Armed Forces. (1/3) pic.twitter.com/G2CmupCDfn
— Yusuffali M. A. (@Yusuffali_MA) April 10, 2021
Education
His educational journey began at St. Xavier’s High School in Karanchira, and he later pursued a diploma in Business Management and Administration.
Career
He expanded the group’s import and wholesale distribution, as well as entered the retail industry with the launch of Lulu Hypermarket.
The Waldorf Astoria in Scotland and the Great Scotland Yard Hotel, which was once the headquarters of the United Kingdom’s Metropolitan Police, are among the company’s other holdings.
He bought 4.99% of the Catholic Syrian Bank (CSB) in Thrissur in 2013 and raised his interest in the Federal Bank in Aluva to 4.47% in 2014.
For about $85 million, he purchased a 10% stake in East India Company, a UK-based trading firm, as well as a 40% stake in its fine foods subsidiary.
Private & early life
M.A. Yusuff Ali is a married man and a loving father of three children. He resides with his family in Abu Dhabi, UAE.
His elder daughter, Sabeena, is happily married to the prominent billionaire businessman Shamsheer Vayalil. Meanwhile, his second daughter, Shafeena, found love with Adeeb Ahamed, who oversees Lulu International Exchange and Twenty14 Holdings, the hospitality investments division of the LuLu Group.
On April 11, 2021, there was a rather harrowing incident when the helicopter carrying M.A. Yusuff Ali, his wife, and three others, including the pilots, crash-landed in a swamp near Kochi, Kerala. Fortunately, despite this terrifying ordeal, both Yusuff Ali and his wife emerged unscathed. They were immediately taken to a nearby hospital for necessary first aid. This incident was attributed to a technical glitch in the private helicopter, likely exacerbated by adverse weather conditions.
Philanthropy
Yusuff Ali is deeply committed to various social, charitable, and humanitarian endeavors, spanning both India and the Gulf countries. His philanthropic work has left a positive impact worldwide. Within the framework of the LuLu Group’s Global CSR policy, Yusuff Ali collaborated with Dubai Cares to support schools in Gaza and Nepal.
Notably, he took a significant step by establishing a multi-faith funeral center in Sharjah, covering a vast 8.3-acre area and catering to the Indian community. His commitment to promoting organic products cultivated by individuals with special needs in the UAE through LuLu Hypermarkets is also commendable.
Yusuff Ali’s generosity knows no bounds. He has contributed to disaster relief efforts globally, extending support to victims of the Gujarat earthquake, the Asian Tsunami Relief Fund, and typhoons and floods in various parts of the world. In August 2018, he generously donated Rs 9.5 crore to aid the rehabilitation of Kerala flood victims.
Furthermore, Yusuff Ali actively works towards the welfare of expatriate Indians in the Persian Gulf region. His efforts include facilitating land for the Christian community to build churches and securing cremation grounds for the Hindu population in the Gulf region. During the amnesty period in the Persian Gulf, when many Indians lost their livelihoods, he played a pivotal role in their rehabilitation. He also stepped up to assist those affected by the Calicut market fire.
In response to the 2019 Kerala floods, Yusuff Ali pledged a substantial donation of Rs 50 million to support the flood-stricken state in South India. His unwavering dedication to humanitarian causes continues to make a positive impact on the lives of countless individuals.
Awards
| Year | Award |
|---|---|
| 2004 | “Commander” and the St. Ephraim Medal |
| 2005 | Pravasi Bharatiya Samman |
| 2008 | Padma Shri |
| 2010 | “Business Man of the Year 2009-10“ |
| 2012 | Lifetime Achievement |
| 2012 | “Arab Business Leader of the Year 2012” |
| 2016 | Archbishop Mar Gregorios |
| 2018 | Honorary Doctorate |
| 2018 | Honorary Doctorate |
| 2021 | Abu Dhabi Award 2021 |
| 2022 | First Bahrain golden residency visa recipient |
Net worth statistics
- March 2013 – $1.5 B
- March 2014 – $1.8 B
- March 2015 – $2.5 B
- March 2016 – $4.2 B
- March 2017 – $4.5 B
- March 2018 – $5.0 B
- March 2019 – $4.7 B
- April 2020 – $3.5 B
- April 2021 – $4.8 B
- April 2022 – $5.4 B
- April 2023 – $5.3 B
- April 2023 – $7.6 B
