Indians On Forbes World's Billionaires 2024 List: Meet Landmark Group CEO Renuka Jagtiani

It¡¯s that time of year when Forbes releases the list of New Billionaires 2024. No points for guessing that Indians have made a significant contribution to it with 25 new billionaires making the cut including Landmark Group CEO Renuka Jagtiani.

Forbes' New Billionaires 2024 report reveals that there are 2,781 billionaires globally in 2024, with a combined net worth reaching an unprecedented $14.2 trillion. The surge in global wealth has led to the emergence of 265 new billionaires this year, compared to 150 in 2023, as stated in the report.

Meet Renuka Jagtiani, One Of The New Entrants Of The List

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Renuka Jagtiani, CEO of the e-commerce conglomerate Landmark Group and an Indian national, has entered Forbes' 'New Billionaires' list with a net worth of $4.8 billion(Rs 40,000 crore approx). Landmark Group was originally established by her late husband, Micky Jagtiani, who passed away in May 2023.

All About The Landmark Group

Since its inception in 1973 with a solitary store in Bahrain, Landmark Group has evolved into a formidable force in global retail and hospitality. It currently encompasses over 25 proprietary brands spanning various sectors such as retail, hospitality, food, and leisure.

The group's expansion has been extraordinary, now boasting a presence across more than 2200 retail stores, leisure destinations, and hospitality outlets spread across the Middle East, the Indian subcontinent, Southeast Asia, and Africa.

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Billionaires Tally Across Other Countries

The United States takes the lead with 67 new entrants, with Todd Graves, the founder of Raising Cane's, emerging as the top newcomer with a net worth of $9.1 billion.

China nearly doubled its new billionaires from last year, totaling 31, despite economic challenges, with Shein co-founders Maggie Gu, Molly Miao, and Ren Xiaoqing each worth $4.2 billion.

Despite economic challenges, China has nearly doubled its count of new billionaires from last year, reaching a total of 31. Among them are Shein co-founders Maggie Gu, Molly Miao, and Ren Xiaoqing, each boasting a net worth of $4.2 billion.

Other Notable New Billionaires On The List

Taylor Swift

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Taylor Swift achieved billionaire status following her highly successful Eras Tour, which amassed over $1 billion in revenue. Her fortune is estimated at $1.1 billion, primarily attributed to earnings from tours, the value of her music catalogue, and investments in real estate.

Christian Louboutin

Christian Louboutin, the celebrated French fashion designer known for his iconic red-soled high heels, attains billionaire status with an estimated fortune of $1.2 billion.