Company: RP Group
Dr Ravi Pillai was born to a family of farmers in Kerala, but today has a reported $3.5bn net worth. Moreover, his private firm RP Group completed over $25bn worth of projects, covering more than one million sq ft of real estate projects alone, despite the Saudi-based conglomerate covering eight sectors including construction, infrastructure, retail, hospitality and healthcare.
And the projects do not end there. The group’s successful subsidiary Taj RP International has almost completed the Crowne Plaza Dubai Marina, set to open this year, with RP Global also developing two projects in Business Bay and on Sheikh Zayed Road, worth $1.5bn.
But the sky is the limit for Pillai, who told Arabian Business he has plans to expand the company across the GCC and abroad. In Saudi Arabia, he made headline news when he revealed he would hire 3,000 Indian workers who lost their jobs in the Kingdom’s construction downturn last year, when the government suspended payments due to budget curbs.
The billionaire, who started his first business at the age of 14, resides in Dubai, where he also made headlines after spending $8.5m on his daughter’s wedding in 2015. It was allegedly the most expensive wedding to ever take place in Kerala, India.