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KP Singh's net worth tops $20 billion to enter the top 10 billionaires in India
The net worth of Kushal Pal Singh, owner of the country’s largest real estate company, DLF, has surpassed $20 billion for the first time after shares of the property developer surged 76% over the last six months.
KP Singh, who added close to $5 billion to his fortune this year, saw an addition to the tune of $7.7 billion in 2023.
Interestingly, the rally in the Indian real estate market is happening at a time when property markets in much of the world are facing headwinds due to higher interest rates and plunging valuations.
The Nifty Realty Indexhas rallied as much as 21.2% since the beginning of the year, against the Nifty50's gain of 3.3%.
The last year’s gain of 81.4% was the best annual gain since 2017 for the realty index.
| Rank | India’s top billionaires | Net worth ($ billion) |
| 1 | Mukesh Ambani | 113.5 |
| 2 | Gautam Adani | 102.4 |
| 3 | Shapoor Pallonji Mistry | 37.7 |
| 4 | Sh
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