This story is from April 03, 2024

Who is Renuka Jagtiani, India's newest billionaire

Who is Renuka Jagtiani, India's newest billionaire
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NEW DELHI: India has witnessed a significant increase in wealth this year, as reported by Forbes. The latest Forbes report reveals that 25 new billionaires from India have entered the list of the world's wealthiest individuals. One notable addition is Renuka Jagtiani, the CEO of Landmark Group, boasting a net worth of $4.8 billion.Renuka Jagtiani, the chairwoman and CEO of Landmark Group, is at the helm of a multinational consumer conglomerate based in Dubai, established by her late husband, Micky Jagtiani. Under her leadership, Landmark Group has employed over 50,000 individuals.Having obtained her Bachelor's degree in Arts from the University of Mumbai, Renuka Jagtiani has received numerous accolades for her business acumen. She has been recognized with awards such as the Outstanding Asian Business Woman of the Year in 2007, and Businesswoman of the Year in 2012.Since joining Landmark Group in 1993, Renuka Jagtiani has played a key role in shaping the company's corporate strategy, expanding its presence across regions like the Middle East, Indian subcontinent, Southeast Asia, and Africa.Renuka Jagtiani, whose net worth is $4.8 billion, was just included in Forbes' list of 'New Billionaires.'
She has three children - Aarti, Nisha, and Rahul - who serve as group directors at Landmark.Forbes' recent 'New Billionaires' list for 2024 highlights a global upsurge in wealth, with a total of 2,781 billionaires worldwide, collectively valued at $14.2 trillion. This year alone has seen the addition of 265 new billionaires, marking a substantial increase compared to the previous year's figures of 150.
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