Sunny Varkey Net Worth

Sunny Varkey Net Worth

Sunny Varkey net worth

Current Net Worth$1.9 Billion (USD – 190 Crores), (Rupees – 14.6 Thousand Crores)

Sunny Varkey short biography

Net Worth$1.9 Billion
BornApril 9, 1957 (Age – 63)
Identified asFounder and Chairman of GEMS Education
StatusDubai-based Education Entrepreneur & Philanthropist
EducationA-Levels Schooling
NationalityIndian
ResidenceDubai, United Arab Emirates
Spousal statusMarried
Children2
Sunny Varkey short biography

Sunny Varkey has a net worth of $1.9 Billion (Rupees – 14,686 Crores), making him one of the Top 100 Richest men in India.

He is a non-resident Indian education entrepreneur and philanthropist based in Dubai.

With a network of 52 schools on four continents, he is the founder and chairman of GEMS Education, a multinational consulting and educational consultancy company that is the world’s leading provider of private kindergarten-to-grade-12 schools.

He is also the founder and trustee of the philanthropic Varkey Foundation, as well as the chairman of the Varkey Group, an umbrella business organization.

Varkey is now a UNESCO Goodwill Ambassador as of 2012.

Varkey has signed The Giving Pledge in June 2015, promising to devote at least half of his wealth to philanthropic causes over the course of his lifetime. He is the first entrepreneur in the field of education to take the pledge.

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In 2019, CVC Capital Partners became a major investor in the private education business.

Dino and Jay, the company’s CEO and group executive officer, respectively, run GEMS.

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Sunny Varkey biography

Sunny Varkey Net Worth
Sunny Varkey Net Worth (Image Source – Twitter)
Full NameSunny Varkey
BirthplaceKerela, India
Height5,6 feet, 170 cm
Weight78 Kg
FatherKS Varkey
MotherMiriamma Varkey
Sunny Varkey Biography

Sunny Varkey was born on 9 April 1957, in Ranni, Kerala, India. KS Varkey, his father, and Miriamma, his mother, were both Kerala Christians and educators.

The family arrived in Dubai in 1959, at a time when the emirate was still in its infancy. Both of his parents taught English to local Arabs, including members of the royal family, and his father worked for the British Bank of the Middle East.

He is the son of Indian ex-pat teachers who moved to Dubai in 1959.

Sunny Varkey tweeted:

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Education

Sunny was sent back to Kerala at the age of four to attend Infant Jesus College, a Catholic boarding school in Kollam. To supplement his income, he sold fruit on the side of the road when he was 11 years old. Sunny moved to Dubai with his older sister in 1970, and he finished his O-Levels at St. Mary’s Catholic High School.

He studied for a year at Bembridge School in the United Kingdom and completed his A-Levels at the British Council in Dubai.

Career

With the increased demand for an English-language education for the children of Indian expatriates, Varkey’s parents established Our Own English High School in Dubai in 1968.

The discovery of oil in Dubai in 1966 brought in many foreign workers, including many from the Indian subcontinent.

Varkey was able to concentrate on education and educational philanthropy after selling his healthcare company.

Varkey Group is the holding company for GEMS Education and Varkey’s other companies, which include healthcare and manufacturing.

Varkey founded the company in 1979, and it is headquartered in Dubai, with offices in the United Kingdom, the United States, and India.

Varkey took over the running of his parents’ Our Own English High School, which had under 400 students at the time after local officials demanded that it be located in a purpose-built building in 1980.

Varkey founded Welcare, a healthcare consulting and management firm that built a number of hospitals and clinics, in 1984.

Mediclinic International bought a majority stake in Emirates Healthcare, the Varkey Group’s umbrella firm that owned Welcare, in 2012.

Awards

YearAward
2007Corporate Social Responsibility Award – CEO Middle East
2007The Outstanding Asian Businessman of the Year
2007Award for Indian Business Excellence in the World
2008Eminent Educationist Rajiv Gandhi Award
2009Padma Shri is India’s highest civilian honor
2011Honorary Order – Awarded by the Russian government for public recognition
2012Gulf Business Industry Awards, Education Business Leader of the Year
2012Ambassador for the United Nations Educational, Scientific, and Cultural Organization (UNESCO)
2012Heriot-Watt University has awarded him an honorary doctorate
2012CEO of the Year in the Middle East – Knowledge Development and Education Partnership
2018The Asian Awards’ Entrepreneur of the Year
Sunny Varkey Awards

Net worth statistics

  • March 2014 – $1.8 B
  • March 2015 – $2.0 B
  • March 2016 – $1.9 B
  • March 2017 – $1.9 B
  • March 2018 – $2.4 B
  • March 2019 – $2.4 B
  • April 2020 – $1.3 B
  • April 2021 – $1.4 B
  • April 2022 – $2.1 B

Sunny Varkey Quote

“My biggest regret is I didn’t stay on in education after my A-levels – I went straight into business.”

– Sunny Varkey

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