Dubai, Feb 9: A Dubai-based Indian businessman, whose company's networth is USD 7.2 billion, has topped the Indian rich list for 2015 in the Gulf region.
Sunil Vaswani is the chairman of Stallion Group, a Nigeria based multinational conglomerate operating in 18 countries, including the UAE.
The second position in Arabian Business GCC Indian Rich List has been bagged by last year's top-placed entry, IFFCO's Feroz Allana, whos net worth is USD 4.5 billion. RP Group's Dr Ravi Pillai bagged the third place, with USD 3.6 billion.
Altogether, 11 billionaires make this year's list, with the total wealth of the Gulf's 50 richest Indians valued at just over USD 50 billion.

B R Shetty, Yusuffali MA, Thumbay Moideen
Like previous year, two well-known Mangaluru-origin achievers also have secured top positions in this list. Dr B R Shetty, a healthcare boss and owner of UAE exchange, came fourth, while Thumbay Moideen, the founder president of Thumbay Group ranked 26th in the list. In 2014 B R Shetty and Thumbay Moideen had secured fifth and 33rd position respectively.
The fifth position was secured by LuLu International managing director Yusuffali MA, whose company is worth USD 3.21 billion. For the past five years Yusuffali had maintained first position in the Indian Power List. The Keralite businessman runs the Lulu Group International, one of the UAE’s largest private companies. The firm owns many brands, including the Lulu chain of hypermarkets.
Real estate mogul Ashok Uttamchandi is the last-placed entry on this year's list, with USD 240 million, Arabian Business said on its website.
The members of GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.


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