Renuka Jagtiani serves as chairwoman and CEO of Landmark Group, a multinational consumer conglomerate headquartered in Dubai that was established by her late husband, Mickey Jagtiani. The 2024 edition of the Forbes report shows a global upswing in wealth. Identifying 2,781 individuals worldwide who have achieved billionaire status. With a total valuation of $14,2 trillion. India has experienced a notable increase in wealth this year. The latest report from Forbes indicates that 25 new billionaires have been added to the list of the world’s wealthiest individuals. One notable new entry is Renuka Jagtiani, the CEO of the landmark group, whose net worth is $4.8 billion.
Who is Renuka Jagtiani?
Renuka serves as the chairwoman for the Dubai-based retail giant Landmark Group. Landmark was founded in 1973 by her late husband, Mickey Jagtiani, who passed away in May 2023. Landmark began as a solitary store in Bahrain. Today, Landmark operates 2.200 stores in 24 countries across the Middle East, Southeast Asia, Africa, and the Indian Subcontinent.
For over two decades, she has directed the company’s corporate strategy and its expansion into new markets. Renuka, the company’s leader, manages a workforce of over 50,000 employees.
Landmark Group expanded into the Indian market in 1999 and currently operates several retail brands, such as Home Center for furniture and lifestyle and Max for apparel.
Renuka’s husband, Mickey Jagtiani, was the founder of the landmark group Successful Entrepreneur. He was a creative thinker who conceived numerous powerful retail concepts that have endured across different times and places.
Renuka Jagtiani’s commitment to the landmark group is evident in her family’s involvement, with her three children—Rahul, Nisha, and Aarti—holding roles as directors in the group. The increase in global wealth this year has resulted in the inclusion of 265 new billionaires on Forbes.
Nisha, one of the three children of Renuka and Mickey Jagtiani, has made a significant mark in the family’s multi-billion-dollar retail empire and landmark group. She began her career at the grassroots and worked her way up to being a board member for the Dubai Institute of Design and Innovation.
According to Zooninfo, the landmark group, which makes about $9.5 billion (over Rs 78,000 crore), is recognized as one of the most powerful business families in Dubai.
The net worth of Renuka Jagtiani
Renuka Jagtianti joined Landmark in 1993 and launched Splash, a fast-fashion business. In 2017, she took on the roles of chairwoman and CEO, but she stepped down as CEO last year. Renuka Jagtiani has a net worth of Rs 40,040 crore (which is around $4.8 billion) that she inherited from her husband, Mickey Jagtiani.
Awards
- 2007 January: Outstanding Asian Business Women of the Year.
- 2012 January: the Gulf Business Industry Award.
- 2014 January: received recognition as the World Entrepreneur of the Year.
- 2015 January: the Indian CEO Award.
- 2016 January: Stars of Business Award.
- 2017 January: Hall of Fame.
