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M.A. Yusuff Ali: A Comprehensive Biography
Full Name: Yusuff Ali Musaliam Veettil Abdul Kader Date of Birth: November 15, 1955 Place of Birth: Nattika, Thrissur, Kerala, India Nationality: Indian
His wealth is primarily derived from his retail empire, LuLu Group International, which operates numerous hypermarkets and malls. His assets include luxury hotels such as the Waldorf Astoria in Scotland and the Great Scotland Yard Hotel in London.
Current Relevance and Recent Updates
As of October 2023, Yusuff Ali was ranked the 27th richest Indian, with a net worth of $6.9 billion.
Charitable Work and Legacy
Yusuff Ali is renowned for his philanthropic efforts, contributing significantly to healthcare, education, and disaster relief. His legacy is marked by his transformation of the retail sector in the Middle East and his commitment to social causes.
His business ventures continue to expand, with plans to list LuLu Group International in the near future.
Career Beginnings and Key Milestones
In 1973, at the age of 18, Yusuff Ali ventured to Abu Dhabi to join his paternal uncle, M.K. Abdullah, who was managing a small distribution business. Recognizing the potential in the retail sector, Yusuff Ali expanded the company’s operations into import and wholesale distribution. The 1990s marked a significant turning point when he launched the first LuLu Hypermarket, revolutionizing the retail landscape in the UAE. Under his leadership, LuLu Group International grew exponentially, boasting an annual turnover of $8.4 billion and employing a vast number of individuals from the Indian diaspora.
Personal Life and Relationships
Yusuff Ali is married to Shabira Yusuff Ali, and together they have three daughters: Shabeena, Shafeena, and Shifa. Shabeena is married to billionaire businessman Shamsheer Vayalil, while Shafeena is married to Adeeb Ahamed, who manages Lulu International Exchange and Twenty14 Holdings. Shifa is married to Sharoon Shamsudheen, an entrepreneur in the IT sector.
Early Life and Family Background
Born in the coastal village of Nattika in Thrissur, Kerala, on November 15, 1955, Yusuff Ali Musaliam Veettil Abdul Kader, commonly known as M.A. Yusuff Ali, hailed from a modest family. His early education was at St. Xavier’s High School in Karanchira, Thrissur. Demonstrating an early aptitude for business, he pursued a diploma in Business Management and Administration, laying the groundwork for his future entrepreneurial endeavors.
Net Worth and Lifestyle
Yusuff Ali’s net worth is estimated at $6.7 billion as of November 17, 2024, ranking him 466th in the world.
Notable Works and Achievements
Yusuff Ali’s visionary approach led to the establishment of over 256 hypermarkets and shopping malls across the Gulf and other regions. His strategic investments include acquiring a 10% stake in the UK-based trading firm, East India Company, and a 40% stake in its fine foods subsidiary. In 2016, he purchased the historic Scotland Yard Building in London, further diversifying his portfolio.
His influence in the retail sector remains profound, with ongoing projects and expansions in various countries.
Future Plans and Impact on Culture
Looking ahead, Yusuff Ali plans to further expand LuLu Group’s global footprint and explore new markets. His influence extends beyond business, impacting cultural and economic ties between the Middle East and India.
Disclaimer: Who Is M.A. Yusuff Ali? wealth data updated April 2026.
