The Emeritus Chairman of DLF KP Singh has earned a spot in the Forbes’ 17th edition of Asia Heroes of Philanthropy. He is a veteran Indian businessman who is renowned globally for his business acumen. The list features notable Indian personalities from different fields of business.
New Delhi: The Emeritus Chairman of DLF KP Singh has earned a spot in the Forbes’ 17th edition of Asia Heroes of Philanthropy. He is a veteran Indian businessman who is renowned globally for his business acumen. The list features notable Indian personalities from different fields of business.
Donations in millions
In the year 2020, KP Singh stepped down as the Chairman of DLF and sold the shares raising $89 million. According to Forbes, the amount will be utilized for charitable trusts including KP Singh Foundation Trust and KP Singh Charitable Foundation Trust. Reportedly, the 92-year-old KP Singh has a net worth of $14.3 billion. Presently, he lives in Dubai and London. He is credited with DLF’s growth and the transformation of Gurgaon city into a technology hub.
KP Singh’s background
Kushalpal Singh was born in the year 1931 in Bulandshahr, UP. His father Chaudhary Mukhtar Singh was a famous lawyer. He earned a degree in Science from Meerut. Later, he pursued a degree in Aeronautical Engineering from the UK. He joined the Indian Army through the British Officer Service Selection Board. After serving for a certain number of years, in 1961, he transitioned from the Army and began working in his father-in-law's company, DLF Limited.
Top 10 richest people in the world in 2008
DLF Limited, established in 1946, witnessed significant growth under the leadership of KP Singh. Initially associated with American Universal Electric in 1960, he played a pivotal role in merging it with DLF Universal Limited in 1979. In 2008, Forbes acknowledged his success by placing him in the top 10 list of the world's wealthiest people.
KP Singh’s work
KP Singh bought land from farmers and built DLF City. In the year 2017, DLF sold a third of the rental business to GIC, Singapore for $1.9 billion. In 2020, KP Singh resigned from the position as the Chairman after 5 decades of impressive work. Currently, his son Rajeev oversees the company’s operations.
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