Kushal Pal Singh
Kushal Pal Singh
Getty Images
At a Glance
-
Age84
-
Earnings$ 2.6 Billion
-
Source of earningsReal Estate
-
Marital StatusMarried
-
Children3
-
ResidenceDelhi
Forbes India Lists
#34 India Rich List 2015
#22 India Rich List Rank 2014
#18 India Rich List Rank 2013
Profile
Property baron dropped more than $1 billion as shares of his listed developer DLF plunged by 30% in the past 12 months in a sluggish property market. Last October the stock market regulator banned the firm from raising funds for 3 years for an alleged breach committed during its 2007 IPO, but the Securities Appellate Tribunal set aside that order in March. DLF, which has denied any wrongdoing, is keen to list its vast commercial assets. Meantime, Singapore's sovereign wealth fund GIC agreed in September to invest $300 million in 2 projects in Delhi. To prune its $3.2 billion debt, DLF sold its cinema chain, DT Cinemas, in June.
