The country’s richest Christian family.
Today i.e. on 25th December the whole world is celebrating Christmas. Christian population is not less in India also. According to an estimate, the Christian population in the country will be around 3 to 3.5 crore in the year 2025. But today the talk will not be about Christmas or Christian people but about India’s richest Christian family. A Christian family from India which has no dearth of wealth. The special thing is that they have a kind of monopoly in the sector in which they do business. Who is this family after all? How much wealth does this family have? Who is the leader of this family? With which business is this family associated? Let us also give you detailed information about this…
Business is in the name
It is said that the Christian family is the richest in India, whose business can also be known by its name. According to the Forbes list, the richest Christian family of India is the Muthoot family. As we told you, business is in name only. The entire country knows the company named Muthoot. Which is related to the gold loan business. Muthoot Finance has a monopoly in the gold loan sector. The net worth of this family is in billions of dollars. The special thing is that this family is included among the top 25 richest people of the country.
How much wealth is there?
According to Forbes report, the total wealth of the Muthoot family is $10.4 billion. Also, it is the 23rd richest family in India. There has been a significant increase in the wealth of this family involved in finance and investment related business recently. According to Forbes data, there has been more than double increase in the wealth of the Muthoot family since the year 2022. According to statistics, the net worth of the family in the year 2022 was 4.1 billion dollars. This means that in three years the wealth of the Muthoot family has increased by more than 6 billion dollars. Whereas in the year 2012, the family wealth was only 1.1 billion dollars.
Special facts about Muthoot family
- The Muthoot family controls Muthoot Finance, India’s leading gold loan lender.
- The Muthoot Group was established in 1887 as a company to trade in timber and grain, supplying rations to large British-ruled plantations.
- The company serves 200,000 customers every day and has more than 7,300 branches across India.
- M.G. George Muthoot, who was chairman and ran the company with his three brothers, died in 2021. His brother George Jacob Muthoot is now the president.
How much is George Jacob Muthoot’s net worth?
If we talk about the net worth of Muthoot Group Chairman George Jacob Muthoot, then according to the Forbes list it is $3.2 billion. Along with his two brothers, George Jacob Muthoot runs India’s largest gold lender, Muthoot Finance. The Muthoot Group was founded by his grandfather in 1887 as a timber and grain trader, supplying rations to large British-ruled plantations. The company has 4,800 branches across India, which provide gold loans and serve more than 200,000 customers every day. Muthoot Finance provides fund transfer services as well as corporate and personal loans. His eldest brother MG George Muthoot, who was the chairman of the company, died in March 2021 at the age of 71.