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#277 Billionaire

Mangal Prabhat Lodha

Mangal Prabhat Lodha
$10.4B
$-124M (-1.2%)
IN · Age 70
Source of wealth: Real estate
Industry: real-estate
Residence: Mumbai, IN
{ "bio": [ "Politician and property magnate Mangal Prabhat Lodha founded developer Lodha group in Mumbai in 1980, now known as Macrotech Developers.", "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. Abhinandan has since left the business.", "Lodha built Mumbai's Trump Tower, a 75-story luxury skyscraper, located in a complex called The Park, in midtown Mumbai.", "In 2021, Lodha completed Macrotech's long-delayed IPO." ], "about": [ "Lodha was the Mumbai president of the ruling Bharatiya Janata Party until 2022.", "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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