Ranjan Pai Net Worth $1.3 Billion
Ranjan Pai is the head of Manipal Education & Medical Group (MEMG) and he’s got an estimated net worth of $1.3 billion as of March 2013. He joined the list of Forbes richest man as the 63rd most affluent Indian in the India’s Most Abundant list in addition to the 1107th in the list of World Billionaires. Mr. Pai is the Chief Executive Officer of MEMG which operates 6 schools and 15 hospitals. The business was started by his grandfather after he opened in 1993 the very first privately owned medical school in India which is situated in Manipal, a town in Karnataka. In 1978, following the family break, his dad took charge of the company. Pai holds a medical degree and he is interested in stem cell treatment and clinical research. Pai was made to resign his job in the U.S. at the age of 28 after he was requested to take over the delayed medical school project by his family in Malaysia. He has been successful in his venture and has helped turn Maniap into an international brand in education. Pai is also buying back stakes which Azim Premji, a software tycoon, and N.R. Narayana Murthy both personally held in Manipal that pegs the assessment of his instruction company at $1.2 billion.