G.M. Rao Net Worth, Earning and Salary 2018
Being from a business family, G.M. Rao was served readymade ideas regarding management policies of business. With that little knowledge, he came up to establish one of the most trusted companies in the country, the GMR Group. We present an insight into the details of G.M. Rao Net Worth and his various income sources in this article.
HOW MUCH G.M. RAO NET WORTH 2018–DOLLAR 2.6 BILLION
G.M. Rao The Businessman:
G.M. Rao was born on 14 July 1950, in Rajam, Srikakulam district in Andhra pradesh, India to Rajam Rao. He was born in an upper-middle-class family whose main business interests involved commodities trading and a small scale jewelry business. He graduated from Andhra University. Soon after graduation, he joined the Andhra Pradesh Government as a junior engineer. He soon entered the trading of commodities as his entrepreneurial nature made it difficult for him to stay content with a mere day job. After developing good relations with suppliers and customers in the business of commodities trading, which eventually uplifted G.M. Rao salary, he acquired a failing jute mill for at a bargain; this venture proved to be lucrative and allowed GM Rao is use leverage from local banks to acquire other assets increasing G.M. Rao income. Eventually GM Rao divested his stake in a multitude of industries and started a bank named Vysya Bank in collaboration with ING for G.M. Rao earning. Then, he decided to enter the business of energy and infrastructure with the proceeds from the sale. His entry into power business made Rao build GMR, making Rao the leader of India as an infrastructure asset developer by revenues, asset size, and market capitalization which uplifted G.M. Rao Net Worth. GMR Group is an infrastructural company headquartered in Bangalore. The company started with Agri-based industries like Jute, Sugar, Breweries and slowly moved in the Infrastructure space over the past decade. Now the GMR group interests lie in areas of Airports, Energy, Highways and Urban Infrastructure. GMR Infrastructure Limited is the infrastructure holding company formed to fund the capital requirements of various infrastructure projects across the sectors. It undertakes the development of the infrastructure projects through its various subsidiaries for the Net Worth of G.M. Rao. His association with Chandra Babu Naidu helped him become the asset developer and owner for Hyderabad’s International Airport Rajiv Gandhi International Airport.
G.M. Rao Net Worth Sources
As per Forbes magazine, G M Rao is the richest Telugu man by sheer quantifiable wealth and Net Worth of G.M. Rao of Dollar 2.6 Billion. He is known for his down to earth nature and simplicity despite his enormous kismet. According to media reports, GMR Group is one of India’s most trusted and respect brands in the country. GM Rao received the Economic Times Entrepreneur of the year Award in 2007. His GMR Varalakshmi Foundation currently serves the underserved sections of society in 22 locations. He also donated Rs.1540 crores in 2012 for charitable purposes.
G.M. Rao Age, Car, House, Wife, Girl friend, Height & Weight
Nickname – –
G.M. Rao Spouse – Kiran Rao
G.M. Rao Sister/Brother –
Date of Birth / Birth City – 14 July 1950/ Rajam, Andhra Pradesh(India)
G.M. Rao Height Feet – 5’7″
Weight – 80 Kg (Appox)
G.M. Rao Age – 66
G.M. Rao Car – –
G.M. Rao House Location – Bangalore
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