Yusuff Ali, who arrived in the UAE in 1973, opened his first grocery store in Abu Dhabi the following year and expanded his business during an oil boom. His recent $1.72 billion IPO of Lulu Retail Holdings Plc, the UAE's largest this year, has increased his net worth to $7.1 billion, making him the country's second-richest private individual, according to the Bloomberg Billionaires Index.
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