Venky Mysore is one of India’s most influential businessmen and executives. He is the CEO and Managing Director of the Kolkata Knight Riders (KKR) of the Indian Premier League (IPL) and Red Chillies Entertainment.
Since he is in such a high position and working for massive corporations, it is no wonder that his salary is high. Moreover, he has been involved in such a business for a long time, influencing his net worth.
Here is everything we know about Mysore’s net worth and salary.
Venky Mysore’s net worth
Mysore’s exact salary is unknown. He has not spoken about how much he earns monthly or annually.
However, being in the position of CEO for KKR and Red Chillies Entertainment, he is bound to earn a massive amount. Similarly, Mysore himself has yet to reveal his net worth.
But according to People AI, his estimated net worth is $1.69 million.
Venky Mysore’s career
Mysore was born in Bengaluru, southern India, and reared in Chennai. He was a good cricketer who aspired to play for his nation.
Unfortunately, his academic pursuits gained precedence when he came to the United States for additional schooling. Before migrating to the United States, he played at a high level for the University of Madras.
But, happily, he returned to his original passion – cricket — years later. Mysore was an entrepreneur before joining IPL and becoming CEO of KKR.
Venky Mysore is currently the CEO of KKR and Red Chillies Entertainment. (Source: Twitter)
He was the director of the American Chamber of Commerce’s Bangalore section from 2002 to 2003. He has almost 25 years of insurance expertise, including time in North America and growing operations in Asia.
He was the managing director of PNB MetLife India Insurance Company Limited for approximately 21 years until quitting in 2010. Until January 2, 2007, he was the country head of Sun Life Financial Inc’s India Division and the vice president of Sun Life Financial Asia.
He was a non-executive and non-independent director on the Gujarat Sidhee Cement Ltd board. He was a director of Birla Sun Life Insurance Company Limited at the time, as well as an independent non-executive director of Oberoi Realty Limited.
Since 2010, Mysore has served as the CEO and Managing Director of KKR. Mysore is in charge of purchasing the T&T Red Steel Franchise in the CPL by notable Bollywood film actor Shah Rukh Khan, his business companions Juhi Chawla and her husband, Jay Mehta.
In 2013, Mysore was also asked to become the CEO of Red Chillies Entertainment, Khan’s film production firm. He has been establishing a new business model for Red Chillies to produce films and content for various channels since assuming control.
As per Forbes India, Red Chillies Entertainment’s two major industries are film production and visual effects (VFX), which account for about 70% of the company’s income. The other is KKR (which Red Chillies Entertainment owns 55%).
Red Chillies Entertainment began producing profits on gross revenues of around Rs 150 crore at the end of FY 2011-12, but it requires the right people in suitable locations to attain the Hollywood-sized scale that Khan dreams of.
Fortunately, Mysore was the kind of person Khan was looking for. Since he joined the company, Red Chillies Entertainment has been improving, and the company’s value has also risen.
The same is the case with KKR. Since Mysore became CEO of KKR, the IPL team and its value has increased drastically.
According to Forbes, KKR secured the third position of valuable teams in IPL in 2022. According to the magazine, the team is valued at $1.1 billion, with revenue of $41.2 million and an operating income of $14.1 million.
