M.A. Yusuff Ali

Middle East retail king presides over $6.3 billion (revenue) LuLu Group, with 129 stores in the Gulf region, India, Egypt, Indonesia and Malaysia. New projects include a $300 million investment in Trivandrum in South India that will include a mall, hotel and convention center. The group's hospitality arm owns Dubai's first Steigenberger hotel, a German luxury hotel brand and a 50% stake in the Sheraton hotel in Muscat, which will reopen later this year after renovations.