Kushal Pal Singh Joins India’s Top 10 Richest, with a Net Worth of $18.5 Billion
Kushal Pal Singh, the 93-year-old emeritus chairman of DLF, has entered India's top 10 richest list with an estimated net worth of $18.5 billion, according to Forbes. Discover how he transformed the real estate landscape in India.
Real EstateBillionairesKushal Pal SinghDlfForbesReal Estate NewsJul 11, 2025
Mukesh Ambani, chairman of Reliance Industries, continues to dominate the list, while Gautam Adani retains the second position despite ongoing market volatility. Kushal Pal Singh, emeritus chairman of DLF, now has an estimated net worth of USD 18.5 billion, according to Forbes. At 93, Singh remains one of India’s oldest billionaires and a towering figure in the country’s real estate sector.
An army veteran who transitioned into business, Singh played a pivotal role in transforming Delhi’s skyline and leading DLF to become India’s largest listed real estate company. Under his leadership, the DLF Group expanded rapidly during the 1980s and 1990s, pioneering the development of private townships, commercial complexes, malls, and special economic zones. In 2007, DLF’s IPO raised over USD 2 billion, marking India’s largest real estate IPO at that time, and firmly establishing the company as a real estate titan in Asia.
The latest Forbes list comes at a time when India has become the third-highest country globally in terms of the number of billionaires, following the United States and China. However, the collective net worth of Indian billionaires has seen a slight decline due to stock market fluctuations affecting major conglomerates. Notably, Savitri Jindal remains the only woman featured in the top 10 this year, reflecting the persistent gender gap among India’s wealthiest.
Kushal Pal Singh’s journey from an army officer to one of India’s most successful businessmen has been marked by vision and resilience. He transformed Gurgaon from a quiet town into a bustling business hub, and under his leadership, DLF became synonymous with India’s modern urban landscape. Singh’s contributions to the industry have been recognized over the years, including being awarded the Padma Bhushan in 2010 and featuring on the cover of Forbes as a real estate mogul.
Despite his age, Singh continues to be a respected figure in the business community, and his legacy in the real estate industry is unparalleled. His success story serves as an inspiration to aspiring entrepreneurs and highlights the importance of vision, hard work, and strategic planning in achieving long-term success.
Frequently Asked Questions
Who is Kushal Pal Singh?
Kushal Pal Singh is the 93-year-old emeritus chairman of DLF, one of India’s largest listed real estate companies. He has recently entered India’s top 10 richest list with an estimated net worth of $18.5 billion.
What is DLF?
DLF is India’s largest listed real estate company, known for its pioneering developments in private townships, commercial complexes, malls, and special economic zones. It was founded and led by Kushal Pal Singh.
What significant achievements has Kushal Pal Singh accomplished?
Kushal Pal Singh has transformed Gurgaon from a quiet town into a bustling business hub and led DLF to become a real estate titan in Asia. He was awarded the Padma Bhushan in 2010 and has been featured on the cover of Forbes.
How has the net worth of Indian billionaires changed according to Forbes?
The collective net worth of Indian billionaires has seen a slight decline due to stock market fluctuations affecting major conglomerates, despite India becoming the third-highest country globally in terms of the number of billionaires.
Who are the top two richest individuals in India according to Forbes?
Mukesh Ambani, chairman of Reliance Industries, and Gautam Adani, who retain the first and second positions respectively on the Forbes list of the top 10 richest Indians.
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