Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# M A Yusuff Ali

Random fact: First LuLu store opened in Abu Dhabi at the height of the Gulf War.


Yusuff Ali is the founder and managing director of LuLu Group International, which operates supermarkets, shopping malls and hotels in the Middle East, Asia, Africa and the U.K. The Abu Dhabi-based group had revenue of $6.3 billion in 2015. Its LuLu Hypermarket chain has 124 locations across the Gulf, India and Egypt.

As of Feb. 23, 2018:
Last change ()
YTD change ()
Industry Food & Beverage
Biggest asset N/A
Citizenship United Arab Emirates
Age 62
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

M A Yusuff Ali's net worth of can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:


Birthdate: 11/15/1955
Family: Unmarried, No children

M.A. Yusuff Ali was born in Nattika, a village in India's Kerala state, on Nov. 15, 1955. After finishing his schooling, he moved to Abu Dhabi in the United Arab Emirates in 1973 to work at his uncle's small trading company, Emke Group.

Interested in growing the business, he began exploring wholesale food trading and started importing well-known brands of European frozen food products and distributing them to local retailers and catering companies. Soon, Emke was one of the largest food importers and traders in the U.A.E. Food retailing in the country was dominated by small, independent retailers and informal markets and he saw an opportunity to build a large-format store brand. LuLu Hypermarket opened its first location in 1990, in Abu Dhabi. at the height of the Gulf War.

Yusuff Ali's uncle soon retired to India and his nephew assumed sole ownership of Emke, which he renamed LuLu Group after it's flagship grocery business. As Dubai and Abu Dhabi's infrastructure grew and as they developed a reputation as shopping destinations, the billionaire began to invest in malls, founding a mall developer and management subsidiary. The group manages 16 shopping malls in the U.A.E. and Oman.

In recent years, Yusuff Ali has expanded LuLu Group's operations into India. The business is investing more than half a billion dollars in various real estate projects there, including food processing factories and a convention center in Hyderabad, and a shopping mall and hotel in Uttar Pradesh. In July 2015, LuLu group bought the original site of Scotland Yard in London for 110 million pounds ($171.2 million) and is developing it into a 92,000 square foot hotel.

The billionaire is married with three daughters and lives in Abu Dhabi.

  • 1955 M.A. Yusuff Ali is born in Kerala state, India.
  • 1973 Moves to Abu Dhabi from India to work for uncle's company.
  • 2000 First LuLu hypermarket opens in Dubai.
  • 2005 Becomes first non-Arab elected to board of Abu Dhabi Chamber of Commerce.
  • 2010 Appointed to a 2-year term on the board of Air India.
  • 2011 LuLu Hypermarket opens its 85th location.
  • 2013 LuLu named one of world's fastest-growing retailers by Deloitte.
  • 2015 Buys original Scotland Yard site in London for 110 million pounds