K P Singh: India's realtor
76-year-old Kushal Pal Singh, with a net worth of $35 billion, is the fourth richest Indian in the world. He heads the DLF Group, India's largest real estate developer, which has interests in Delhi, Chandigarh, Kolkata, etc.
In 1960, Singh quit the Indian Army to join the American Universal Electric Company, a joint venture between Universal Electric Company of Owosso, Michigan, and Singh's family. Later he established Willard India Limited along with a Philadelphian company ESB Inc.
He joined DLF Universal Limited as the managing director in 1979. Singh's greatest achievement is that he transformed Gurgaon, a barren village then, into one of the favourite real estate destinations of India.
Ever since DLF went public, Singh's wealth has grown exponentially. Sample this: On October 3, DLF saw its market capitalisation jump by a spectacular Rs 20,782 crore -- or $5.25 billion -- on the back of a mad Bull Run. As Singh owns over 88% of DLF, his personal wealth skyrocketed by Rs 18,338 crore ($4.6 billion) in just one day!
According to Forbes magazine, there are only 171 billionaires in the world who have made $4.6 billion in their entire lifetime.
76-year-old Kushal Pal Singh, with a net worth of $35 billion, is the fourth richest Indian in the world. He heads the DLF Group, India's largest real estate developer, which has interests in Delhi, Chandigarh, Kolkata, etc.
In 1960, Singh quit the Indian Army to join the American Universal Electric Company, a joint venture between Universal Electric Company of Owosso, Michigan, and Singh's family. Later he established Willard India Limited along with a Philadelphian company ESB Inc.
He joined DLF Universal Limited as the managing director in 1979. Singh's greatest achievement is that he transformed Gurgaon, a barren village then, into one of the favourite real estate destinations of India.
Ever since DLF went public, Singh's wealth has grown exponentially. Sample this: On October 3, DLF saw its market capitalisation jump by a spectacular Rs 20,782 crore -- or $5.25 billion -- on the back of a mad Bull Run. As Singh owns over 88% of DLF, his personal wealth skyrocketed by Rs 18,338 crore ($4.6 billion) in just one day!
According to Forbes magazine, there are only 171 billionaires in the world who have made $4.6 billion in their entire lifetime.
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