After Mukesh and Anil Ambani, DLF’s Kushal Pal Singh became India’s third rupee trillionaire with a net wealth of Rs.101,250 crore. The market cap of India’s largest real estate company DLF now stands at Rs.1,14,744 crore.
The promoter holding in DLF stands at 88.24% and has appreciated in value by over Rs 22,000 crore since listing. Prior to listing, Singh’s stake was worth about Rs 79,000 crore.
In dollar terms, Mukesh Ambani’s net worth is $39.9 billion, while Anil Ambani is second at $26 billion. KP Singh is worth $25.1 billion followed by Bharti’s Sunil Mittal with over $22 billion and Wipro’s Azim Premji at $14.6 billion.
The top 5 billionaires in India are worth Rs. 515,000 crore and represents 11% of of total investor wealth in Indian equity market of Rs. 45,00,000 crore.
Find this article at: http://www.labnol.org/india/corporate/kp-singh-of-dlf-becomes-indias-third-trillionaire/940/
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