Micky Jagtiani

$5.20 B

Ranked #511 in World

About Micky Jagtiani

Renowned Indian-origin mogul, Mukesh "Micky" Jagtiani (1952-2023), leaves a towering legacy as the chairman of Landmark Group, a pivotal retail conglomerate in the Middle East and Southeast Asia. With a Sindhi background, Jagtiani's journey began in Bahrain and flourished in Dubai, where he transformed a single store into a retail empire, employing 45,000 individuals and operating over 1000 outlets. Jagtiani, featured on Forbes' billionaire list since 2008, passed away in Dubai at 70, survived by his family.

Born

September 28, 1951 in Kuwait City, Kuwait

Died

May 26, 2023 (aged 71)

Source Of Wealth

Retail

Industries

Fashion & Retail

Citizenship

India

Spouse

Renuka Jagtiani

Children

Mukesh Wadhumal "Micky" Jagtiani was born in 1952 into a Sindhi family. He attended schools in Chennai, Mumbai, and Beirut before moving to London to join an accounting school. However, he dropped out of the accounting school and returned to Bahrain.

Micky Jagtiani: Family

Jagtiani was married and had three children. He lived in Dubai, United Arab Emirates, until his death on 26 May 2023 at the age of 70.

Micky Jagtiani: Career Highlights

After returning to Bahrain, Jagtiani took over his deceased brother's shop and transformed it into a baby products store called Babyshop. Over the next ten years, he expanded the business by opening six new shops. During the Gulf War, he moved to Dubai and founded the Landmark Group.

The Landmark Group diversified into various sectors, including fashion, electronics, furniture, and budget hotels, across the Middle East and Southeast Asia. It employs approximately 45,000 people and operates over 1000 stores throughout the Persian Gulf region, the Middle East, and India.

In 2008, Jagtiani acquired a 6% stake in the UK retailer Debenhams. The same year, he made his debut on the Forbes list of billionaires with a net worth of USD 2 billion. In 2014, he established a family office with assets valued at US$5 billion. As of May 2023, Forbes estimated his net worth to be US$5.2 billion.

Micky Jagtiani: Companies

Jagtiani was the chairman and owner of the Dubai-based Landmark Group, which encompasses various retail chains, including Babyshop, Splash, Lifestyle, Home Centre, and Max Fashion. The group also operates hospitality brands such as Citymax Hotels and operates in the Middle East, North Africa, and India.

Micky Jagtiani: Major Achievements

Jagtiani's notable achievements include transforming a single shop into a multi-billion dollar retail empire, expanding his business across multiple countries, and becoming one of the wealthiest individuals in the United Arab Emirates. He was recognized for his contributions to the retail industry and philanthropy.

Micky Jagtiani: Awards & Achievements

Jagtiani received numerous awards and accolades throughout his career.

Some of his notable recognitions include the Ernst & Young Entrepreneur of the Year Award in 2004, the Dubai Quality Award in 2005, and the Forbes Middle East Person of the Year Award in 2012.

Micky Jagtiani: Personal Life & Legacy

Jagtiani was known for his philanthropic endeavors and was involved in various charitable activities. He supported educational institutions, healthcare initiatives, and community development projects. His legacy as a successful entrepreneur and philanthropist continues to inspire aspiring business leaders and entrepreneurs.

Micky Jagtiani: Trivia

Jagtiani was an avid art collector and had a passion for contemporary art. He was also known for his love of cricket and was a supporter of the Indian cricket team.

Wealth History

Timeline

1952

Mukesh Wadhumal "Micky" Jagtiani was born.

1970s

Attended school in Chennai, Mumbai, and Beirut.

1970s

Moved to London and joined an accounting school but dropped out.

1970s

Returned to Bahrain and took over his deceased brother's shop.

1970s

Turned the shop into a baby products shop (Babyshop).

1980s

Expanded by opening six new shops after 10 years.

1990s

Moved to Dubai during the Gulf War and founded the Landmark Group.

1990s

Landmark Group expanded into fashion, electronics, furniture, and budget hotels in the Middle East and Southeast Asia.

2008

Bought a 6% stake in UK retailer Debenhams.

2008

Entered Forbes list of billionaires with a net worth of USD 2 billion.

2014

Launched a family office with assets worth US$5 billion.

May 2023

Estimated net worth of US$5.2 billion according to Forbes.

26 May 2023

Mukesh Wadhumal "Micky" Jagtiani died at the age of 70.

Micky Jagtiani : FAQs

What is Micky Jagtiani's net worth?

As of 2023, Micky Jagtiani's net worth was $5.20 billion.

What are Micky Jagtiani's main sources of wealth?

Micky Jagtiani's main source of income comes from Retail.

In which industry does Micky Jagtiani primarily operate?

Micky Jagtiani is primarily involved in the Fashion & Retail industry.

Is Micky Jagtiani dead?

Yes, Micky Jagtiani died on May 26, 2023 (aged 71).

How many children does Micky Jagtiani have?

Micky Jagtiani has 3 children.

Who was Mukesh Wadhumal 'Micky' Jagtiani and what is his business legacy?

Mukesh Wadhumal 'Micky' Jagtiani was an Indian billionaire businessman who founded and chaired the Landmark Group, a conglomerate with interests in retail stores across fashion, electronics, furniture, and hospitality predominantly in the Middle East and Southeast Asia. He transformed a single store into an international retail empire with over 1000 stores and employed approximately 45,000 people.

How did Micky Jagtiani establish the Landmark Group and what were its key milestones?

Micky Jagtiani took over his deceased brother's shop in Bahrain, rebranding it to 'Babyshop', specializing in baby products. After a decade, he expanded to six stores and relocated to Dubai during the Gulf War, where he founded the Landmark Group. The company spread across the Middle East and Southeast Asia in diverse sectors, with key milestones including a 6% acquisition of UK retailer Debenhams in 2008 and, in the same year, entering the Forbes list of billionaires.

Can you tell us about Micky Jagtiani's personal life and his final days?

Micky Jagtiani was a family man, married with three children, and resided in Dubai, UAE. He passed away at the age of 70 on 26 May 2023, leaving behind a legacy as a retail magnate who made a substantial impact on the global retail landscape.