DLF's KP Singh Doubles Wealth In One Year, Climbs Forbes' Billionaire List With Rs 1.7 Lakh Crore Net Worth
Kushal Pal Singh Networth: Forbes recently unveiled the World's Billionaires 2024 list and it saw many Indians making the cut with Reliance chief Mukesh Ambani leading the pack. Maintaining his position in the top 10, he is now the ninth richest man in the world and his net worth stands at Rs 9.6 lakh crore as opposed to Rs 6.9 lakh crore in 2023. .?
However, he isn’t the only one whose wealth increased in a year. Keeping him company is the DLF chairman emeritus whose wealth doubled in just one year! Yes, you read that right!
Meet Dr. Kushal Pal Singh, the 92nd richest person in the world and the 7th richest person in India in 2024, according to Forbes.
The billionaire businessman's current net worth amounts to a colossal $20.9 billion (around Rs 1.7 lakh crore). Contrasting this with Singh's net worth in 2023, which was $8.2 billion (approximately Rs 68,000 crore).
How Did Kushal Pal Singh Double His Wealth In A Span Of Just One Year?
The significant increase in his wealth can be attributed to the thriving real estate market in India,?
92-year-old Kushal Pal Singh who now serves as the Chairman Emeritus of DLF Limited (Delhi Land & Finance), served as Chairman of the prominent real estate company for over five decades before stepping down in June 2020.
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In 2008, Forbes recognized him as the wealthiest real estate tycoon and the 8th richest individual globally, with a remarkable net worth of Rs 2.5 lakh crore, his personal highest till date.?
Presently, his son Rajiv Singh holds the position of Chairman at DLF.?
DLF reported a revenue of Rs 6,012 crore in FY 22-23, according to BSE India.
About Delhi Land Finance (DLF)
Founded in 1946 by Singh's father-in-law Chaudhary Raghvender Singh, DLF, headquartered in Delhi, saw Kushal Pal Singh leave his army position in 1961 to join his father-in-law's enterprise, according to Forbes. Over the years, DLF has grown into the largest publicly listed real estate company in India, boasting residential, commercial, and retail properties spanning 15 states and 24 cities. DLF made a significant mark in the Indian market with one of the largest IPOs in 2007. Singh has consistently advocated for public-private partnerships in the real estate sector, with DLF City in Gurgaon serving as a prime example.
Many might not know but most of Delhi’s coveted residential buildings were built by DLF in the 1950s.
Kushal Pal Singh’s Family
Married to Indira Singh who passed away in 2018 due to cancer, Kushal Singh has two daughters apart from son Rajiv. Both daughters Renuka Talwar and Pia Singh are active members of his company DLF Limited.
According to Forbes, Singh divides his time primarily between London and Dubai and has a keen interest in art collection and golf.?As per the publication, he is also a philanthropist. In August 2023, he sold DLF shares valued at Rs 734 crore approx to establish a charitable foundation.
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