Who is Renuka Jagtiani? India's latest billionaire to emerge on Forbes list

Forbes' revelation of 265 new billionaires in the year 2024 underscores a dynamic shift in the global economic landscape.

Mayank Kasyap
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Courtesy: Linkedin/RenukaJagtiani

New Delhi: In a landscape witnessing an unprecedented surge in wealth, Forbes' latest Billionaires report for 2024 has unveiled a staggering revelation: a total of 2,781 billionaires scattered across the globe, boasting a collective net worth soaring to an astonishing $14.2 trillion.

25 new billionaires join the elite ranks

Amidst this global wealth phenomenon, India has emerged as a significant player, witnessing a notable surge in affluence. According to Forbes' report, India has welcomed 25 new billionaires into its fold, solidifying its position on the world stage of wealth creation. Among these illustrious individuals stands Renuka Jagtiani, a prominent figure in the business realm, soaring to prominence with a remarkable net worth of $4.8 billion.

Who is Renuka Jagtiani?

Renuka Jagtiani commands attention as the chairwoman and CEO of Landmark Group, a multinational consumer conglomerate headquartered in Dubai. Founded by her late husband, Micky Jagtiani, Landmark Group stands as a testament to her visionary leadership, employing over 50,000 individuals under her astute guidance.

Holding a Bachelor's degree in Arts from the esteemed University of Mumbai, Renuka Jagtiani's journey to success is marked by a string of accolades and achievements. Over the years, she has been the recipient of prestigious awards, including the Outstanding Asian Business Woman of the Year, Businesswoman of the Year, Entrepreneur of the World Year, Strategic Leader of the Year, and the Captain of the Industry Award.

A testament to leadership and vision

Renuka Jagtiani's association with Landmark Group dates back to 1993, where her strategic acumen has propelled the conglomerate to unprecedented heights. Under her stewardship, Landmark Group has emerged as the region's largest retailer channel, boasting a diverse portfolio of homegrown brands across the Middle East, Indian subcontinent, Southeast Asia, and Africa.

A new billionaire on the block

Joining the exclusive league of Forbes' 'New Billionaires,' Renuka Jagtiani stands as a beacon of success, with a net worth reflecting her unwavering dedication and entrepreneurial spirit. With a triumphant legacy to her name, Renuka Jagtiani's influence extends beyond the boardroom, as she nurtures the next generation of leaders within her family. Her children - Aarti, Nisha, and Rahul - serve as group directors at Landmark, ensuring the continuity of her enduring legacy.

Forbes' revelation of 265 new billionaires in the year 2024 underscores a dynamic shift in the global economic landscape. As the world witnesses an unprecedented surge in wealth creation, individuals like Renuka Jagtiani epitomize the transformative power of vision, perseverance, and leadership in shaping a brighter, more prosperous future for generations to come.