India welcomed 25 new billionaires this 12 months, together with Renuka Jagtiani, chief govt officer of Landmark Group, with $4.8 billion, in accordance with a brand new report from Forbes.

Forbes’ New Billionaires 2024 identifies 2,781 billionaires worldwide in 2024, collectively valued at a document $14.2 trillion. The surge in international wealth has resulted in 265 new billionaires this 12 months, up from 150 in 2023, the report mentioned.

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Who is Renuka Jagtiani?

• Renuka Jagtiani serves as CEO of Landmark Group, an e-commerce conglomerate based by her late husband Micky Jagtiani, who handed away in May 2023.

• Landmark Group, established in 1973 with a single retailer in Bahrain, has expanded into a world retail and hospitality powerhouse. Presently, it boasts over 25 proprietary manufacturers spanning retail, hospitality, meals, and leisure sectors.

• The group’s progress trajectory has been outstanding, with a presence throughout greater than 2200 retail shops, leisure, and hospitality retailers throughout the Middle East, India subcontinent, Southeast Asia, and Africa.

4. Under Renuka Jagtiani’s management, Landmark Group has witnessed important digital transformation, pioneering omnichannel retail practices practically a decade in the past, mentioned the group’s web site.

5. Renuka Jagtiani’s imaginative and prescient and strategic acumen have been pivotal in shaping a number of manufacturers and pioneering new ideas inside Landmark Group, contributing to its sustained success and market management, the web site added.

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Forbes’ New Billionaires 2024 | Top factors

• A various group of recent billionaires has emerged, together with figures from vogue, sports activities, and music, collectively holding $510 billion in wealth.

• The United States leads with 67 newcomers, with Todd Graves, founding father of Raising Cane’s, topping the checklist at $9.1 billion.

• China practically doubled its new billionaires from final 12 months, totalling 31, regardless of financial challenges, with Shein co-founders Maggie Gu, Molly Miao, and Ren Xiaoqing every value $4.2 billion.

• Italy’s Andrea Pignataro, a former bond dealer, emerges because the wealthiest newcomer, amassing $27.5 billion in wealth. He based the London-based monetary software program agency ION Group in 1999, remodeling it into a major rival of Bloomberg LP and FactSet by strategic acquisitions.

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• The manufacturing trade stands out as the first supply of recent billionaires this 12 months, with 46 people getting into the billionaire ranks. Among them is India’s Anil Gupta, chairman of KEI Industries, a Delhi-based firm he inherited and expanded into a number one producer of chrome steel wires and energy cables.