Joy Alukkas, chairman of Joyalukkas Group, has become the wealthiest Malayali, according to the Forbes real-time billionaires list.
His assets are now valued at $6.7 billion (around ₹59,000 crore), placing him at the 563rd position on the list.
M.A. Yusuff Ali, chairman of Lulu Group, holds the second position with $5.4 billion (₹47,500 crore), ranking 743rd overall.
Other prominent Malayalis on the list include (amount in dollars, rank in brackets):
Sunny Varkey, chairman of GEMS Education: $4.0 billion (998)
Ravi Pillai, chairman of RP Group: $3.9 billion (1015)
T.S. Kalyanaraman, managing director of Kalyan Jewellers: $3.6 billion (1102)
S. Gopalakrishnan, co-founder of Infosys: $3.5 billion (1165)
Ramesh Kunhikannan, head of Kaynes Group: $3.0 billion (1322)
Sara George Muthoot, George Jacob Muthoot, George Thomas Muthoot, and George Alexander Muthoot, promoters of Muthoot Finance: $2.5 billion each (1574)
Shamsheer Vayalil, chairman of Burjeel Holdings: $1.9 billion (2006)
S.D. Shibulal, co-founder and former CEO of Infosys: $1.9 billion (2028)
Kochouseph Chittilappilly, founder of V-Guard Industries: $1.4 billion (2552)