M.A. Yusuff Ali

$5.64B

as of 05/16/25

About M.A. Yusuff Ali

Middle East retail king M.A. Yusuff Ali presides over $7.3 billion (revenue) LuLu Retail, with 240 hypermarkets and malls in the Gulf and elsewhere.

Hailing from a village in Kerala state in south India, Yusuff Ali left for Abu Dhabi in 1973 to join his uncle's small distribution business.

In 2024, Yusuff Ali listed the retail business on the Abu Dhabi stock exchange, raising $1.7 billion.

Yusuff Ali has a minority stake in Cochin International Airport and sits on its board. The airport runs on solar energy.

Other assets include the Waldorf Astoria in Scotland and the Great Scotland Yard Hotel, the former headquarters of the U.K. Metropolitan Police.

Personal stats

Citizenship

India

Source of wealth

Retail

Residence

Abu Dhabi, United Arab Emirates

Marital status

Married

Birth date

11/15/55 (age 69)

Number of children

Self-made

self-made

M.A. Yusuff Ali’s fortune is worth

94K

troy ounces of gold

87K

median U.S. household

56K

median U.S. income

0.113%

U.S. credit card volume

0.023%

GDP of the United States

0.017%

United States debt

Net worth history

Annual ranking

Did you know?

Yusuff Ali opened his first LuLu hypermarket in the 1990s at the height of the Gulf War.

Net worth over time

Real-time ranking

Financial assets

BSE INDIA | 542867-IN

CSB Bank

BSE INDIA | 532180-IN

Dhanlaxmi Bank

BSE INDIA | 500469-IN

Federal Bank

ABU DHABI | LULU-AE

Lulu Retail Holdings

BSE INDIA | 532218-IN

South Indian Bank