Categories
Business Expert Business Leader Sudhir Choudhrie

Sudhir Choudhrie: A Peek into the Life of a Man Who Has Made a Difference

According to Forbes magazine, business is one of Choudhrie’s greatest passions, and he’s been listed in the top 10 richest Indians. Having accumulated a net worth of $1.5 billion, Choudhrie’s wealth is generated from his Choudhrie Group, which owns multiple property development companies in India and London and has investments in water, hydroponics, and green energy.

However, in recent years, Sudhir Choudhrie has focused on philanthropic activities, and the Indian businessman continues to be involved in many charities and non-profits. He’s dedicated $1 millions of his own money to the support of Choudhrie Children’s Centre. He is also on the board of trustees for the IIT Delhi Foundation, an educational charity organization. As a child, Sudhir Choudhrie spent time at the family’s guesthouse in Delhi called The Oberoi, which would later become The Oberoi Amarvilas. In the late 60s, Choudhrie’s father, Inder, sold a land tract that surrounded the guesthouse, and he founded The Oberoi Group, a real estate company based in Delhi that began to build the best hotels in the country. In 1970, Inder and Sudhir had a falling out over the succession of the family real estate business, and Choudhrie joined his father’s company instead, starting work as a marketing executive in 1972.

Following in his father’s footsteps, Choudhrie started his own real estate company in 1975 and acquired a stake in several property management firms. In 1995, Sudhir Choudhrie sold his stake in Choudhrie & Co. to fund the construction of Dubai’s iconic luxury hotel, The Palm, in partnership with his close friend, the Dubai property developer Mohamed Alabbar.

In 2001, Choudhrie built another landmark property named “Palace 1 of London,” which boasted a floor plan measuring over 3,000 square feet. The Palace 1 of London was located in Hammersmith, London, and could house up to 13 guests. Choudhrie, with the financial backing of JP Morgan, was able to buy out the lease of the Palace 1 of London from the owner in 2007.

Sudhir Choudhrie has also co-chaired various organizations that promote excellence in international relations and has donated a large sum of money to children’s charitable organizations around the world. The Choudhrie’s are a notable philanthropic couple, especially considering their exact net worth remains unknown.