A Dubai-based Indian businessman, whose company’s networth is USD 7.2 billion, has topped the Indian rich list for 2015 in the Gulf region.
Sunil Vaswani is the chairman of Stallion Group, a Nigeria based multinational conglomerate operating in 18 countries, including the UAE.
The second position in Arabian Business GCC Indian Rich List has been bagged by last year’s top-placed entry, IFFCO’s FerozAllana, who’s net worth is USD 4.5 billion.
Altogether, 11 billionaires make this year’s list, with the total wealth of the Gulf’s 50 richest Indians valued at just over USD 50 billion.
RP Group’s Dr Ravi Pillai bagged the third place, with USD 3.6 billion. BR Shetty, founder of NMC Healthcare, bagged the fourth position.
The fifth position was secured by LuLu International managing director Yusuffali MA, whose company is worth USD 3.21 billion. Real estate mogul Ashok Uttamchandi is the last-placed entry on this year’s list, with USD 240 million, Arabian Business said on its website.
The members of GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.