P.N.C. Menon
REAL TIME NET WORTH — as of 5/8/17
$1.74 B
Property developer P.N.C.Menon, who hails from Kerala in southern India, migrated to Oman in 1976, and started an interior decorating business with a partner. Seeing an opportunity in real estate back home, he started Sobha Developers in 1995, in Bangalore. Today that company is run by his son Ravi, an engineer from Purdue University. Menon, who lives in Dubai, is focused on expanding his Sobha Group’s Middle East operations, which span the UAE, Qatar, Oman and other Gulf countries. Sobha has a joint venture with the government of Umm al-Quwain to develop the UAE’s least-known emirate into a tourist hot spot. The proposed $6.8 billion island development will comprise seafront villas, hotels, wellness resorts, boutique stores and an 18-hole golf course. Sobha is also building 2 projects totaling $13 billion in Dubai. He and his wife, Sobha, after whom the group is named, have signed the Giving Pledge.
N.C. Menon Net Worth: P.N.C. Menon is an Indian Oman-based businessman who has a net worth of $1.4 billion. P.N.C. Menon was born in Vadakkencherry, Palakkad district in December 1948. Menon is the founder of Sobha Developers Limited. He started out in interior decorating and left Kerala for Oman at 26. He started Sobha Developers Limited in Bangalore in 1995. He is involved in a $9 billion Mohammed Bin Rashid Al Maktoum City District One deal in partnership with Dubai’s Meydan Group which will feature over 1,500 luxury villas, beaches, and man-made lagoons. Menon is also involved in the Sobha Hartland which is a complex of 280 villas including condos, schools, and a shopping mall. He plans on giving away half of his fortune as part of the Giving Pledge and has earmarked a fifth for Oman.
Source:
1. forbes