In recent years, the state of Kerala has seen a huge rise in the number of Kerala billionaires residing within its borders. The country comes to this position by having a relatively high per capita GDP and also because it has a low population density. With so many millionaires and billionaires in one place, it begs the question – what are they doing with their money?
Kerala billionaires offer a range of attractions that draw tourists from all over the world.
These are the top Kerala billionaires:
M A Yusuff Ali
He is the chairman and managing director of Lulu Group. With a net worth of $15 billion, Ali is the richest man in Kerala and the fourth richest in India. He heads an empire that includes retail chains (Aditya Birla group, Walmart), malls (Lulu Hypermarket), food chains, and hospitality.
Senapathy Gopalakrishnan
He is the chairman and managing director of IT with a net worth of $7 billion. He holds the top spot in the list of India’s wealthiest businessmen. Senapathy Gopalakrishnan is one of Infosys’ seven founding members, and he runs his family office and invests. Senapathy Gopalakrishnan is one of Infosys’ seven founding members, and he runs his family office and invests.
M G Rajan
He is the chairman and managing director of Asianet Communications, which is India’s largest media conglomerate. The IT tycoon has a net worth of $5.5 billion, which places him at number three in Kerala’s rich list.
B Ravi Pillai
He is the founder, chairman, and managing director of Dhanlaxmi Bank. The founder and chairman of Dhanlaxmi Bank has a net worth of $4.6 billion, making him the fourth richest man in Kerala, Indonesia & India.
S.D. Shibulal
He is the co-founder and former CEO of Infosys. He has a net worth of $4.4 billion, placing him at number five in Kerala’s rich list. S.D. Shibulal, one of Infosys’ seven founding members, runs his family firm and oversees investment management.
T N Manoharan
He is the founder of Manco India Limited, an auto ancillary company that operates six manufacturing plants across the country. With a net worth of $2.8 billion, Manoharan is the sixth richest man in Kerala and ninth in India.
Sunny Varkey
He is the founder of a global charity, Varkey Foundation, and an educational hospital called Little Flower Hospital, established in 2002. With a net worth of $2.3 billion, Sunny Varkey is the seventh richest man in Kerala and 16th among Indians.
T S Kalyana Sundaram
He is the chairman and managing director of Kalyan Jewellers Limited, which operates jewelry chains across Asia, North America, and Europe. The net worth of $2.2 billion places Sundaram among the richest men in Kerala and sixth among Indians.
Pankaj Jain
He founded his first business in 1993 with an initial investment of Rs 80,000 (Rs 800). He has built a fortune and is one of the richest people in India. Pankaj Jain holds the top spot on both the Forbes list of billionaires as well as that of India’s super-rich – he is worth $1.1 billion (Rs 7,500 crore).
George Alexander Muthoot, George Jacob Muthoot, and George Thomas Muthoot
With 5,400 branches across India, the Muthoot brothers are the country’s largest gold lenders. The company’s nett profit increased by 20% to $383 million in December 2020. With a combined nett worth of $1.3 billion, the three are ranked 2263rd on the list (approx Rs 9,600 crore)
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