Renuka Jagtiani
- Net worth $6 billion
- Status -
- Country United Arab Emirates
- Source(-s) of wealth Businesswoman, CEO
How much is Renuka Jagtiani Worth? Renuka Jagtiani Net Worth in 2026
Renuka Jagtiani’s net worth is estimated at $6.0 billion as of November 2026. She chairs and runs the Dubai retail group behind Max, Centrepoint, Babyshop, Splash and Home Centre, a business with more than 2,200 stores and annual revenue above $7 billion. That works out to about $3.2 million of sales per shop, by our math, from a company that started in 1973 as a single store in Bahrain.
| Net worth | $6.0 billion (our estimate, range $4 billion to $8 billion) |
|---|---|
| Country | United Arab Emirates |
| Known for | Chairwoman and CEO of the group behind Max Fashion, Centrepoint, Babyshop and Home Centre |
| Main income sources | Ownership of the private retail group: fashion, home, baby goods, electronics, fitness clubs |
How much is Renuka Jagtiani worth in 2026?
We estimate $6.0 billion. The group is private and publishes no profit, so we value it from its revenue using two listed yardsticks, one cheap and one dear, and say plainly that the result is an estimate. We credit the group to her: she has chaired it since 2017 and is also its CEO, and the founder, her husband Micky Jagtiani, died in May 2023. How ownership is shared with their children has not been published.
How we got to $6.0 billion
| Source | Our estimate | What it rests on |
|---|---|---|
| The retail group | $5.74 billion | Revenue above $7 billion, valued at 0.82 times sales. That multiple is the midpoint between Lulu Retail (0.34 times sales) and H&M (1.30 times sales), both priced on November 10, 2026. |
| Cash, homes and assets outside the group | $300 million | Our assumption after five decades of family ownership. No figures are published. |
| Total | $6.0 billion | $6.04 billion before rounding. No group debt is published, so none is deducted. |
Picking a yardstick for a private retailer
A grocery chain and a fashion chain sit at opposite ends of retail valuations, and her group sells clothes, home goods, baby products and gym memberships. Lulu Retail, the Abu Dhabi hypermarket operator, was worth AED 9.92 billion on November 10, 2026 against trailing revenue of AED 28.89 billion, per market data. H&M was worth SEK 286.55 billion against SEK 220.85 billion of sales (market data). Our calculation: 0.34 and 1.30 average out at 0.82, and 0.82 times $7 billion is $5.74 billion.
Move the yardstick and the answer moves fast. At H&M’s multiple the group would be worth about $9.1 billion; at Lulu’s, $2.4 billion. That spread is why we give a range.
400 new stores for $1 billion
She is leading a $1 billion programme to add 400 stores across the Gulf, India and Southeast Asia, Entrepreneur Middle East reported in February 2026. That is about $2.5 million per new store. The group had 22 brands, operations in 17 countries and more than 53,000 staff when it marked 50 years in business, Images RetailME reported in November 2024.
She joined the business in 1993 and became chairwoman in 2017. Its brands now include Max Fashion, Splash, Babyshop, Centrepoint and the gym chain Fitness First. When her husband died at 70, the group ran more than 2,200 outlets covering over 2.7 million square metres, The National reported.
Why other estimates disagree
Public estimates for her have been close to ours, but they swing with whichever retail valuations their authors pick, and some still lean on figures set before her husband’s death. None of them can see the group’s profit, which is the number that would settle it.
What would move the figure
Published accounts, a stake sale or a listing of any part of the business would replace our sales multiple with a real price. The 400-store push matters too: if it lifts revenue by a fifth at the same multiple, our estimate rises by about $1.1 billion. A formal split of ownership with her children would cut her personal share.
Renuka Jagtiani net worth FAQ
What is Renuka Jagtiani’s net worth?
About $6.0 billion as of November 2026 by our estimate, almost all of it the value of her private retail group.
What companies does Renuka Jagtiani run?
The Dubai group behind Max Fashion, Centrepoint, Babyshop, Splash, Home Centre and Fitness First, with more than 2,200 stores.
How much revenue does her group make?
Above $7 billion a year, about $3.2 million per store by our calculation.
When did Renuka Jagtiani become chairwoman?
In 2017. She joined the business in 1993 and is also its CEO.
How much is the group investing in new stores?
$1 billion for 400 new stores across the Gulf, India and Southeast Asia, or roughly $2.5 million a store.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.