Seventeen out of 141 Indian millionaires with total assets worth $19.1 billion reside in the UAE, according to a new report.
The China-based Hurun’s India Rich List 2013 discloses that 13 Indian millionaires, with over $300 million in assets, live in Dubai, three in Abu Dhabi and one in Sharjah.
Ranked 16th on the Hurun list, but first on the UAE list is Micky Jagtiani of the Landmark Group.
His total assets are estimated at $3.9 billion. Feroz Allana of Iffco, is ranked 23rd on the India list (second on the UAE list) with $2.6 billion in assets.
The UAE has 4.5 billionaires per million people and is ranked No 7 in the world in terms of number of billionaires per capita.
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