---
title: "M.A. Yusuff Ali Leads Malayali Billionaires in Forbes India Rich List 2026"
english_title: "M.A. Yusuff Ali Leads Malayali Billionaires in Forbes India Rich List 2026"
publisher: "Truevision English News"
canonical_url: "https://english.truevisionnews.com/news/385415/ma-yusuff-ali-leads-malayali-billionaires"
published_at: "2026-10-04T06:40:00+05:30"
category: "National"
language: "en"
image: "https://cf.zdn.im/img/truevisionnews.com/0/image-uploads/6ac1a83381e62_ma-yusuff-ali-leads-malayali-billionaires.jpg"
keywords: ["MAYusuffAli", "ForbesIndiaRichList", "MalayaliBillionaires", "LuluGroup", "MuthootFamily"]
---

# M.A. Yusuff Ali Leads Malayali Billionaires in Forbes India Rich List 2026

> **Lead Summary:** KOCHI: Lulu Group chairman M.A. Yusuff Ali has emerged as the richest individual Malayali on Forbes’ 2026 list of India’s 100 richest, with an estimated net worth of $5.75 billion, or about Rs 55,200 crore. Seven Malayalis feature on the list.

## Article Content

KOCHI: Lulu Group chairman M.A. Yusuff Ali has emerged as the richest individual Malayali on Forbes’ 2026 list of India’s 100 richest, with an estimated net worth of $5.75 billion, or about Rs 55,200 crore. Seven Malayalis feature on the list.

Yusuff Ali ranks 47th nationally. Among Malayali families, the Muthoot family is placed higher, ranking 24th in India with an estimated fortune of $9.2 billion, or about Rs 88,320 crore.Joyalukkas chairman Joy Alukkas ranks third among Malayalis and 52nd nationally. His wealth is estimated at $5.4 billion, or Rs 51,840 crore.RP Group chairman Ravi Pillai is ranked 71st with an estimated fortune of $4.1 billion, or Rs 39,360 crore.

GEMS Education founder Sunny Varkey occupies the 75th position with $4 billion, equivalent to about Rs 38,400 crore. Sobha Group founder P.N.C. Menon is 79th with $3.8 billion, or about Rs 36,480 crore.Kalyan Jewellers managing director T.S. Kalyanaraman ranks 87th with an estimated net worth of $3.55 billion, or about Rs 34,080 crore.

At the national level, Gautam Adani and his family top the list with an estimated fortune of $112.7 billion, or about Rs 10,81,920 crore.Mukesh Ambani is second with $86.3 billion, equivalent to about Rs 8,28,480 crore.

According to the figures provided in the ranking, the Adani family’s wealth increased by $20.7 billion over the past year, while Ambani’s fortune declined by $18.7 billion.Savitri Jindal of the O.P. Jindal Group is listed as India’s richest woman, with an estimated net worth of $39.8 billion, or about Rs 3,82,080 crore.

Steel tycoon Lakshmi Mittal climbed to fourth place with a fortune of $34.7 billion, equivalent to around Rs 3,33,120 crore.Forbes said the combined wealth of India’s 100 richest remained at the $1 trillion level.

### Related Links & Sources
- [Original Story Source](https://english.truevisionnews.com/news/385415/ma-yusuff-ali-leads-malayali-billionaires)