27/11/2023
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MA Yusuff Ali is a successful Indian businessman based in the UAE. He's known for leading the LuLu Group, which owns LuLu Hypermarkets worldwide and the LuLu International Shopping Mall. His company makes about USD 8 billion annually.
As of July 2023, he's worth USD 5.6 billion and is one of the world's richest people, ranking 500th. In India's fashion and retail sector, he's the second-richest after Radhakishan Damani. During the COVID pandemic, he donated USD 6.8 million and built a 1,400-bed treatment center in Kerala.
Born in Kerala, he moved to Abu Dhabi in 1973 and started with a small distribution business. He later opened the first LuLu hypermarket in the 1990s.
The LuLu Group is famous for its shopping malls and hypermarkets, mostly in the Gulf region.
Aside from his business, Yusuff Ali is active in social work and is married to Shabira Yusuff Ali, with three children. His daughter Sabeena is married to businessman Shamsheer Vayalil.
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