DLF's Kushal Pal Singh is fourth on the 2007 India Rich List
November 16, 2007 India's booming real estate sector has more than doubled the number of billionaires from this space in just 12 months, with DLF's Kushal Pal Singh emerging "the world's richest real estate developer."
Singh, the wealthiest in this space, has been ranked as the fourth richest Indian with a net worth of $35 billion, according to 'Forbes' India's 40 Rich List' for 2007. "Kushal Pal Singh is fourth on the 2007 India Rich List with a net worth of 35 billion dollars, making him the world's richest real estate developer," Forbes said.
The four richest Indians are worth an astonishing $180 billion. Steel tycoon Lakshmi Mittal, who lives in London, is No. 1 again, worth $51 billion, but Mukesh Ambani, whose Reliance Industries is India's most valuable company, is quickly closing the gap. His net worth jumped $30.5 billion to $49 billion, making him the year's biggest gainer. His estranged brother Anil is close on his heels, up $30.2 billion to $45 billion.
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