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02 September 2008
Vikas Oberoi - Fobs - The World's Indian Billionaires
#707 Vikas Oberoi
Fortune: inherited and growing
Source: real estate
Net Worth: $1.7 bil
Country Of Citizenship: India
Residence: Mumbai , India.
Industry: Real Estate
Marital Status: married, 1 child
Took control in 1998 of Oberoi Constructions, property developer started by his father, Ranvir. Got noticed when firm made big land purchases from Novartis and GlaxoSmithkline. Morgan Stanley paid $152 million last year for stake in firm. Has built 26 million square feet of offices and luxury apartments in Mumbai. Current projects include a shopping mall and a five-star hotel to be managed by Westin Hotels. Enjoys bungee jumping and skydiving.