Net Worth: $3.1 Billion
- Source of Wealth Real Estate
- Birth Place India
- Marital Status Married
- Full Name Mangal Prabhat Lodha
- Nationality India
- Ethnicity Indian
- Occupation Businessman, Real Estate Developer
- Children 2 (Abhisheck, Abhinandan)
About Mangal Prabhat Lodha
Indian businessman Mangal Prabhat Lodha has an estimated net worth of $3.1 billion as of April 2016, according to Forbes. Most of Lodha’s fortune is derived from his numerous real estate investments.
In 1980, Mangal Prabhat Lodha founded Lodha Developers. Currently, the company has 35 ongoing construction projects that covers a 40-million square feet area in Mumbai, India. In terms of revenue, Lodha Group is considered as the second largest real estate developer in India. The company specializes on building residential and office spaces in Mumbai. Currently, the group plans on developing and building the tallest residential tower in the world. Some of the group’s major properties include World One, Lodha Fiorenza, New Cuffe Parade at Wadala, Palava, Lodha Bellissimo and Lodha Belmondo.
Currently based in India, Mangal Prabhat Lodha is married with two children. His two sons, Abhisheck and Abhinandan help him in running the company as Mangal devotes half of his time to charity works.