P.N.C. Menon
Dubai, United Arab Emirates
Oman
real estate, Self Made
$1,200,000,000
1941
#1941 Billionaires 2019
#78 India's Richest 2016
Property developer P.N.C.Menon left Kerala in south India and migrated to Oman in 1976 to start an interior decorating business with a partner. Seeing an opportunity in real estate back home, Menon started Sobha Developers in 1995, in Bangalore, naming it after his wife.Sobha Developers is run by son Ravi, an engineer from Purdue University, while Menon lives in Dubai.Menon's Sobha Realty in the Middle East has operations spanning the UAE, Qatar, Oman and other Gulf countries.Menon has said that after his death his wife will be Sobha's chairman and his son, Ravi, the co-chair.
Sobha has a $6.8 billion joint venture with the government of Umm al-Quwain to develop the UAE's least-known emirate into a tourist hot spot. Menon and his wife have signed the Giving Pledge.
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