Subhash Runwal’s profile picture

Subhash Runwal

Subhash Runwal’s profile picture
Net worth 2018: $1.4 Billion
Industry: Real Estate
Residence: Mumbai, India
Country: India
Children: 3
Education: B.Com, Pune University; Chartered Accountant, Institute of Chartered Accountants of India
BIOGRAPHY

Subhash Runwal was born in Mumbai, India, India. Subhash Runwal is #1616 in List Billionaires People In The World. Mumbai property tycoon Subhash Runwal chairs the Runwal Group, known for building middle class homes in the city's central suburbs. It also owns malls and counts the Singapore government's GIC as a key investor in that business. A trained accountant, Runwal was born in a small town in Maharashtra but migrated to Mumbai at age 21. He worked as an accountant for nearly a decade before taking the plunge into real estate in 1978. His ability to cut through bureaucratic red tape ensures that Runwal's projects are not stalled for lack of approvals and get completed on time. His two sons now work with him, allowing him to spend time on philanthropic projects in his hometown.

NET WORTH STATISTIC
2015

$1 Billion

2018

$1.4 Billion

TIMELINE
Subhash Runwal is an Indian real estate entrepreneur, founder and chairman of Runwal Group. He has a net worth of 1 billion dollars.Subhash was born (25 March 1943) in Dhulia, Maharashtra and had five siblings. He got his Bachelor of Commerce from Pune University in 1964 and moved to Mumbai. Subhash became a Chartered Accountant from Institute of Chartered Accountants of India in 1967. Subhash first job was with Ernst & Ernst in St Louis, Missouri United States which he left in six months and returned to India. He started working as an accountant in a chemical firm at Mumbai.Subhash founded his real estate business Runwal Group in 1978 and purchased a 22 acres plot in central suburb of Mumbai.Subhash serves as president of Jain International Trade Organisation, president of Bharat Jain Mahamandal and treasurer of World Jain. He is trustee of the Mahavir Foundation and Subhash Runwal Education Foundation.Subhash is married to Chanda and have two son Sandeep, Subodh and one daughter Sangeeta. His son Sandeep Runwal and Subodh Runwal are now working in his business.
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