⬅ # 656 George Economou|# 658 Paola Del Vecchio

# 657 Chandru Raheja 


Real Time Net Worth
as of 6/12/2024
$11.5M (0.24%)

# 657 Chandru Raheja 


Real Time Net Worth
as of 6/12/2024
$11.5M (0.24%)
OccupationChair and CEO, K Raheja Corp
Source of WealthReal Estate
ResidenceMumbai, India
Marital StatusMarried
EducationLLB, University of Mumbai
Age-Adjusted Net Worth$1.01B
Chandru Raheja
Chandru Raheja
Net worth: $4.81B

Self-Made Score 

Wealth History

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Chandru Raheja is an Indian billionaire businessman and the chairman of K Raheja Corp.
He ventured into real estate independently in 1996, leading K Raheja Corp to become a major player in Mumbai's development scene.
Raheja is renowned for his diversified ventures, including IT parks, hotels, malls, and the department store chain, Shoppers Stop.
His sons, Neel and Ravi, now oversee operations, maintaining the family legacy in business.
Key milestones include listing Chalet Hotels in 2019 and Mindspace Business Parks REIT in 2020.

Early Life

Born in 1941, Chandru Raheja is one of five brothers, hailing from a property-oriented family.
He holds a bachelor's degree in law from the University of Mumbai.
Raheja's cousin, Rajan Raheja, also enjoys billionaire status, reflecting the family's entrepreneurial prowess.


In 1996, Raheja established his own real estate firm following a split in the family business.
Under his leadership, K Raheja Corp expanded into various sectors, notably real estate, malls, and hospitality.
He played a pivotal role in the growth of Shoppers Stop and the development of iconic malls like InOrbit.
Raheja's focus on sustainability is evident through initiatives like green buildings under the Mindspace brand.
His strategic vision positioned K Raheja Corp as a leading player in both residential and commercial real estate.

Personal Life

Chandru Raheja is married to Jyoti C. Raheja and resides in Mumbai with their two children, Ravi and Neel.
Both sons are deeply involved in the family business, serving as group presidents of K Raheja Corp.

K Raheja Corp

Founded by Chandru Raheja in 1956, K Raheja Corp emerged as a separate entity after a split within the Raheja family.
The company boasts a diverse portfolio encompassing commercial and residential projects, malls, hospitality, and retail.
Key brands under its umbrella include Mindspace, Commerzone, Crossword Bookstores, and Shoppers Stop.
It stands as the second largest commercial developer in India, with a significant presence in major cities like Mumbai, Hyderabad, Pune, and Chennai.
Raheja's commitment to sustainability is reflected in initiatives like solar rooftop plants installed at their properties.


Operates under brands Mindspace and Commerzone with projects across Mumbai, Hyderabad, Pune, and Chennai.
Ranked as the second largest commercial developer in India with significant office space.
Engaged in acquiring notable commercial properties like Citi Centre in Mumbai.
Distinguished for its contribution to the commercial landscape through innovative developments.
Mindspace Office Parks operates as a real estate investment trust (REIT), reflecting the company's strategic diversification.

Engaged in luxurious residential projects in Mumbai, Pune, and Hyderabad.
Notable projects include Artesia and Vivarea in Mumbai, catering to high-end clientele.
Consistent focus on delivering quality living spaces in prime locations.
Active player in the luxury residential market, reflecting a commitment to excellence.
Continuously expanding residential portfolio to meet evolving market demands.

Focuses on high-end hotels and convention centers catering to business and leisure travelers.
Prominent brands include Sheraton, Westin, and JW Marriott under the Chalet Hotels banner.
Plans substantial investments to double hotel portfolio and expand into new cities.
Recognized for offering world-class hospitality experiences in strategic locations.
Contributes significantly to the tourism sector's growth and development.

Operates multi-brand lifestyle stores like Shoppers Stop and Crossword Bookstores.
Revamping business models to enhance profitability amidst changing market dynamics.
Previously owned HyperCity Retail India Ltd., acquired by Future Group in 2017.
Remains a key player in the retail sector, adapting to e-commerce challenges.
Contributes to the retail landscape with innovative offerings and customer-centric strategies.

Manages Inorbit malls across multiple cities, offering diverse retail and entertainment experiences.
Presence in Bengaluru, Hyderabad, Pune, Navi Mumbai, and Vadodara, reflecting nationwide reach.
Continuously evolving mall experiences to meet consumer preferences and trends.
Contributes to the economic growth of cities by providing employment and retail opportunities.
Recognized for its role in shaping modern retail experiences in urban centers.

Power Distribution
Invested in clean energy with installations like solar rooftop plants at Mindspace Business Park.
Demonstrates commitment to sustainability by reducing carbon footprint.
Largest solar rooftop plant in Telangana, showcasing technological innovation.
Contributes to environmental conservation while meeting energy needs.
Aligns with global trends towards renewable energy adoption.

How long would it take you to become as rich as Chandru Raheja?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Chandru Raheja's net worth of $4.81B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 43.45% compared to 12.43% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Chandru Raheja is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Chandru Raheja, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey