Mangal Prabhat Lodha
Mumbai, India
India
real estate, Self Made
$3,400,000,000
804
#804 Billionaires 2019
#52 India's Richest 2018
Politician and property magnate Mangal Prabhat Lodha founded privately held developer Lodha Group in Mumbai.A native of the desert state of Rajasthan, Lodha started off by building middle-class homes in Mumbai's far-flung suburbs.After his sons Abhishek and Abhinandan joined the business in 2003, the firm went on an expansion binge picking up prime land parcels.Lodha is building Mumbai's first Trump Tower, a 75-story luxury skyscraper, located in a complex called The Park, in midtown Mumbai.In 2018, Lodha revived his plan to list his company but deferred it again due to market uncertainty.
Lodha is a member of prime minister Narendra Modi's Bharatiya Janata Party. He successfully lobbied for a law to ban the slaughter of cows, a key electoral plank for his political party, in his home state of Maharashtra.
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