02 September 2008

G M Rao - Fobs - The World's Indian Billionaires

#198 G M Rao

Age: 57

Fortune: self made

Source: infrastructure

Net Worth: $5.2 bil

Country Of Citizenship: India

Residence: Bangalore , India.

Industry: Engineering/Construction

Marital Status: married, 3 children

Education: Andhra University, Bachelor of Arts / Science

Son of a commodities trader, dabbled in jute trading, banking before moving into infrastructure. Got noticed when he won bids to modernize Delhi airport and build a new one in Hyderabad. GMR's new international airport in Hyderabad was set to open in March 2008. Group expanding overseas. Snagged $2.7 billion contract to build new airport terminal in Istanbul in a consortium with Malaysia Airports. His two sons, son-in-law help run empire.

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