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Grizzly Bulls’ Billionaires Index

⬅ # 194 Viktor Rashnikov|# 196 Lui Che Woo ➡

# 195 Mangal Lodha 

$10.9B

Real Time Net Worth
as of 5/4/2024
-$279.1M (-2.56%)

# 195 Mangal Lodha 

$10.9B

Real Time Net Worth
as of 5/4/2024
-$279.1M (-2.56%)
OccupationFounder, Macrotech Developers
Source of WealthReal Estate
Age68
ResidenceMumbai, India
Marital StatusMarried
Children2
Age-Adjusted Net Worth$6.34B
Mangal Lodha
Mangal Lodha
India
Net worth: $10.9B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Mangal Prabhat Lodha was born on December 1, 1955, in Jodhpur, Rajasthan, into a Marwari Jain family.
His father, Guman Mal Lodha, was an independence activist and former chief justice of the Guwahati High Court.
Lodha completed his Bachelor of Commerce (B.Com) and Bachelor of Laws (LLB) from the University of Jodhpur before practicing law in the Jodhpur High Court.
After his father's appointment as a judge in the same court, Lodha shifted his legal practice.
In 1981, he moved to Mumbai and laid the foundation of the Lodha Group.

Real Estate Ventures

Mangal Prabhat Lodha founded the Lodha Group, now known as Macrotech Developers, in Mumbai in 1980.
Initially, the firm focused on constructing middle-class homes in Mumbai's suburbs.
Macrotech Developers expanded significantly after his sons, Abhishek and Abhinandan, joined the business in 2003.
Under Lodha's leadership, the company developed landmark projects such as Mumbai's Trump Tower, a 75-story luxury skyscraper situated in The Park complex.
The company's portfolio includes ongoing projects like the World One luxury high-rise and the New Cuffe Parade township, with investments totaling over $1 billion.

Political Career

Mangal Prabhat Lodha has been actively involved in politics, serving as a member of the Bharatiya Janata Party (BJP).
He held the position of president of the BJP's Mumbai unit.
Lodha represents the Malabar Hill constituency of South Mumbai in the Maharashtra Legislative Assembly, holding the seat for five consecutive terms since 1995.
During his tenure, he played a role in the implementation of the Right to Information Act (RTI) in the Maharashtra Vidhan Sabha.
He proposed the construction of a coastal freeway from Nariman Point to Virar and from Nariman Point to Ghatkopar through Eastern Freeway in 2014.

Family and Personal Life

Lodha is married to Manju Lodha and has two children.
His elder son, Abhishek Lodha, is involved in running Macrotech Developers, formerly Lodha Developers.
His younger son, Abhinandan Lodha, founded Lodha Ventures in 2015 and The House of Abhinandan Lodha in 2021.

Financial Status

Macrotech Developers went public with its IPO in 2021, after experiencing delays.
Lodha's firm, Macrotech Developers, has made significant investments in upscale projects, including the World One luxury high-rise and the New Cuffe Parade township, with a total investment exceeding $1 billion.

How long would it take you to become as rich as Mangal Lodha?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Mangal Lodha's net worth of $10.9B.

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 38.30% compared to 8.40% for the S&P 500 benchmark.

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Mangal Lodha 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 Mangal Lodha, 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