Paul Mampilly is a real testimony of moving “from rags to riches.” He was born of a very poor father in rural India. Despite his father possessing some college education, he had not met the luck of landing on lucrative employment or job. This made financial constraints to characterize Mampilly’s family since his father could not even afford money for their education. Mampilly’s father moved to the largest town in India, Bombay to seek better earning. However, his efforts remained futile since life in the town was as unbearable as before.
The hope of Paul Mampilly’s family remained faint until his father decided to relocate his family to Dubai; it was in 1974. At this time, Dubai had just begun to export oil to the off sea markets, something that had led to the flourishing of the country’s economy. This, of course, augured well with the family and hence they were able to thrive. Mampilly’s father, through his sheer hard work, worked tenaciously to ensure that he afforded a decent education for Paul Mampilly and his sister; who both joined and completed college. Mampilly was lucky to obtain a bachelors’ degree in Business Administration from Montclair State University and later a master in the same discipline from the School of Business at Fordham Gabelli University.
Upon completion of his college education, Paul Mampilly entered the Wall Street where he became an employee of the Bankers Trust Company. Here, he worked as a portfolio management assistant. Paul would later transition to Deutsche Bank after it purchased Bankers Trust. He became a research assistant, a position that enabled him to learn a lot about financial investments. Mampilly later moved to ING where he acted as the senior research analyst. Here, his responsibilities skyrocketed and became accountable for huge investment portfolios. He was then employed by the Kinetics Asset Management to manage their poorly performing hedge fund.
Under the guidance of Paul Mampilly, the hedge fund significantly grew to over $25 billion, offering its investors an astonishing return of 43%. This made Mampilly named the best hedge fund manager of that year. His hedge fund was also declared as one of the best in the world.