M. G. George Net Worth

M. G. George Net Worth

M. G. George net worth

Current Net Worth$3.05 Billion (USD – 305 Crores), (Rupees – 23.7 Thousand Crores)

M. G. George short biography

Net Worth$3.05 Billion
BornNovember 2, 1949 – March 5, 2021 (Aged – 71)
Identified asChairman of the Muthoot Group
StatusIndian Businessman & Entrepreneur
EducationManipal University, Bachelor of Engineering
NationalityIndian
ResidenceKerala, India
Spousal statusMarried
Children2
M. G. George short biography

Mathai George George Muthoot had a net worth of $3.05 Billion (Rupees – 23,714 Crores), which made him one of the top richest men in India.

He was the Muthoot Group’s chairman for the third generation and a former Lay Trustee of the Indian Orthodox Church.

He was the richest man in Kerala, according to Forbes’ rich list 2020.

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M. G. George biography

Full NameMathai George George Muthoot
Height5.7 feet, 173 cm
Weight80 Kg
M. G. George Biography

M. G. George Muthoot was born on November 2, 1949, in (Kozhencherry), Pathanamthitta, Kerala.

He is the grandson of Muthoot Ninan Mathai, founder of the Muthoot Company, and the third son of M. George Muthoot, founder of the Muthoot Group’s financial services arm.

In 2011, Forbes Asia Magazine ranked him as India’s 50th richest man, and according to Forbes’ India’s Richest list 2019, he is now ranked 44th.

Education

He earned a Mechanical Engineering degree from the Manipal Institute of Technology, with a focus on automobiles and air conditioning.

Career

Muthoot’s first job was in the family bank as an office worker. He was appointed managing director of the bank in 1979.

In February 1993, he was named chairman of the Muthoot Group.

When he took over Muthoot’s operations, the company had 31 locations in four states: Kerala, Chandigarh, Haryana, and Delhi.

As of May 2009, the Group had 4433 subsidiaries and a yearly turnover of $4.5 billion (Rs. 255 billion).

He was also a member of the Federation of Indian Chambers of Commerce and Industry’s (FICCI) National Executive Committee and the Chairman of the FICCI Kerala State Council.

Private & early life

Muthoot was married to Sara George Muthoot, the Director of New Delhi’s St. George’s High School.

They are the parents of three sons.

Their eldest son, George M. George, is the Group’s Executive Director.

Their youngest son, Alexander George, is the Group’s Director.

Paul Muthoot George, their second son, was assassinated in 2009.

Death

M. G. George Muthoot died on March 5, 2021, at the age of 71, in a Delhi private hospital.

According to media sources, he died on March 5, 2021, after falling from the 4th floor of his Delhi home.

The incident is reportedly being investigated by Delhi police.

His body was returned to his hometown and buried there with full state honors.

Awards

  • In 2001, the Mahatma Gandhi National Foundation honored Muthoot with the Mahatma Gandhi National Award for his contributions to the Indian industry.
  • He won the Golden Peacock Award for Corporate Social Responsibility in 2012.
  • Muthoot Finance received The SKOCH Award for Financial Inclusion in January 2013.
  • Manipal University presented M.G George Muthoot with the Distinguished and Outstanding Alumnus of 2015 award.

Net worth statistics

  • November 2011 – $1.1 B
  • October 2012 – $1.1 B
  • September 2014 – $1.1 B
  • September 2016 – $1.9 B
  • October 2017 – $2.7 B
  • October 2018 – $2.0 B
  • October 2019 – $3.1 B
  • October 2020 – $4.8 B

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