Micky Jagtiani Family, Daughter, Son, House in Dubai – Micky Mukesh Jagtiani, the founder of Landmark Group, has died. Jagtiani was born on August 15, 1952, and died on May 26, 2023, at the age of 70.
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The billionaire industrialist founded the empire in 1973, and it has since grown dramatically to include over 50 brands such as Babyshop, Splash, Home Centre, Centrepoint, Shoemart, Emax, and others.
Jagtiani’s journey began in Bahrain when he took over his deceased brother’s shop and converted it into a baby items store (Babyshop).
After ten years of working in the shop, Jagtiani grew the business by adding six new locations.
After the Gulf War broke out, he relocated to Dubai and created the Landmark Group.
Landmark Group | GCC Business News
The Landmark Group has expanded into fashion, electronics, furniture, and cheap hotels in the Middle East and Southeast Asia.
The Landmark Group currently employs around 45,000 people and has over 1000 outlets in the Persian Gulf region, the Middle East, and India.
In 2008, Jagtiani purchased a 6% share in the English high-street store Debenhams, making him the 16th richest Indian with a net worth of USD 2 billion.
In 2014, he established a family office with $5 billion in assets.
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Jagtiani’s path to wealth is a classic rags-to-riches story.
At the time of death, Forbes estimated Jagtiani’s net worth at US$5.2 billion.
Micky Jagtiani Family
Jagtiani was born to his parents on 15 August 1952 in Kuwait City, Kuwait.
Micky was raised in an average-class family in Kuwait, and according to Forbes, things grew worse when Micky joined the family in the Persian Gulf in 1972.
His elder brother, Mahesh, was stricken with leukemia and died within months. His diabetic father died soon after, and he lost his mother to cancer the following year (1973).
Micky is survived by his wife Renuka, children Nisha Jagtiani, Rahul Jagtiani, and Arti Jagtiani as well as his grandchildren Samar, Nikhil, Yohan, and Aliya.
Micky Jagtiani Daughter
Nisha and Arti, Jagtiani’s daughters serve on the Board of the Landmark Group overseeing the strategic vision for leading home-grown brand Lifestyle.
Micky Jagtiani Son
Jagtiani’s son Rahul is a Director at Landmark Group.
Micky Jagtiani House in Dubai
Where does Micky Jagtiani live? Jagtiani lives in a plush mansion in Dubai, United Arab Emirates.
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