Vikas Oberoi, an Indian businessman and real estate magnate, has a net worth of $780 million. He has amassed his wealth through his control and leadership of Oberoi Construction, a real estate developer company that he inherited from his father. The company, which started in 1985 as a small family business, has grown into a significant entity with a broad portfolio of completed projects and has been listed on the Bombay Stock Exchange since 2010.
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Summary of Vikas Oberoi Net Worth
| Category | Richest Business |
|---|---|
| Net Worth | $780 Million |
| Source of Wealth | Real Estate |
| Residence | Mumbai, India |
| Citizenship | India |
Deeper Dive into Vikas Oberoi Net Worth
Vikas Oberoi’s wealth primarily comes from his real estate business. His father founded Oberoi Construction, which has completed 32 projects covering around 4.979 million square feet of saleable area spread across Mumbai. Oberoi’s stake in the firm was reduced from 79% to 75% to comply with stock market rules. The company continues to grow, building office space, retail, social infrastructure, hospitality, and residential properties.
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Expansion of Oberoi Realty
Oberoi Realty, under Vikas Oberoi’s leadership, has become known for its high-end suburban condos. The company owns a Westin hotel in suburban Mumbai and is currently constructing the city’s first Ritz-Carlton hotel and residences. Oberoi Realty is also building a mall, hotel, and office tower in midtown Mumbai.
Lease Agreement Amid Pandemic
Despite the challenges of the pandemic-induced lockdown in 2020, Oberoi Realty successfully inked a lease agreement for 1.1 million square feet in its upcoming office tower in Mumbai with Morgan Stanley.
Vikas Oberoi’s Personal Life
Vikas Oberoi is married and a father of two. In a personal note, he revealed that he’s taking guitar lessons to foster his two sons’ interest in music.
Vikas Oberoi’s Ranking in Wealth Lists
Vikas Oberoi’s vast wealth has earned him a place in several notable lists. He is ranked #799 in the world today in terms of real-time net worth. He also features in Forbes lists, ranking #1027 in Billionaires (2023), and #65 in India’s Richest (2022).
Vikas Oberoi’s Education
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Vikas Oberoi holds a Bachelor of Arts/Science degree from the University of Mumbai.
Conclusion
Vikas Oberoi’s net worth of $780 million reflects his successful stewardship of Oberoi Realty, transforming it from a small family business into a prominent real estate developer in India. Despite the challenges of the pandemic, Oberoi has continued to expand his company’s portfolio and make significant business deals, further solidifying his status as one of India’s wealthiest individuals.
FAQs
1. What is Vikas Oberoi’s net worth?
Vikas Oberoi’s net worth is $780 million.
2. How did Vikas Oberoi amass his wealth?
He amassed his wealth through his leadership and control of Oberoi Construction, a real estate developer company that he inherited from his father.
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3. What is Oberoi Realty known for?
Oberoi Realty is known for its high-end suburban condos. It also owns a Westin hotel in suburban Mumbai and is building the city’s first Ritz-Carlton hotel and residences.
4. What is Vikas Oberoi’s ranking in wealth lists?
Vikas Oberoi is ranked #799 in the world today in terms of real-time net worth. He also ranks #1027 in Forbes’ Billionaires (2023) list, and #65 in India’s Richest (2022) list.
5. What is Vikas Oberoi’s educational background?
Read more : How Much is J. Cole’s Net Worth Estimated to be in 2023? Unveil the Secrets of His Success & Investments!
Vikas Oberoi holds a Bachelor of Arts/Science degree from the University of Mumbai.
Source: https://predictgov.com
Category: Net Worth
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