Joy Alukkas, chairman of the Joyalukkas Group, has overtaken all other Malayalis to become the richest from Kerala. Forbes’ Real-Time Billionaires List places his net worth at $6.7 billion (around ₹59,000 crore), ranking him 566th globally.
M A Yusuff Ali, chairman of Lulu Group, is the second richest Malayali with $5.4 billion, ranked 748th worldwide. In 2024, Alukkas’ wealth stood at $4.4 billion, while Yusuff Ali’s fortune had decreased from $7.6 billion.
Among Indians, Mukesh Ambani of Reliance Industries leads with $92.5 billion (rank 18), followed by Gautam Adani at $56.3 billion (rank 28). Other notable Indians in the top 100 include Savitri Jindal, Shiv Nadar, Dilip Shanghvi, Cyrus Poonawalla, and Kumar Birla.
Malayalis on the Forbes list (as of Sept 12, 2025)
- Joy Alukkas, Joyalukkas Group: $6.7B (566)
- M A Yusuff Ali, Lulu Group: $5.4B (748)
- Sunny Varkey, GEMS Education: $4.0B (1001)
- B Ravi Pillai, RP Group: $3.9B (1016)
- T S Kalyanaraman, Kalyan Jewellers: $3.6B (1108)
- S Gopalakrishnan, Infosys: $3.5B (1168)
- Ramesh Kunhikannan, Kaynes Technology: $3.0B (1323)
- Muthoot Finance promoters (Sara George Muthoot, George Jacob Muthoot, George Thomas Muthoot, George Alexander Muthoot): $2.5B each (1574)
- Shamsheer Vayalil, Burjeel Holdings: $1.9B (2001)
- S D Shibulal, Infosys: $1.9B (2038)
- Kochouseph Chittilappilly, V-Guard Industries: $1.4B (2555)
The list highlights the growing presence of Malayali entrepreneurs in global wealth rankings, spanning sectors from jewellery and retail to education, healthcare, and technology.
