Manuel Jove
REAL TIME NET WORTH — as of 5/6/17
$1.85 B
Manuel Jove’s fortune stems from Fadesa Inmobiliaria, a business he founded in 1980 and developed into one of Spain’s leading property companies. Jove, a carpenter by trade, took the company public in 2004 and then sold his 55% stake to real estate group Martinsa for $3 billion in 2006, just before the collapse of the Spanish real estate bubble. Martinsa filed for bankruptcy two years later and in March 2011 sued Jove for $2 billion, claiming that the purchase price of Fadesa had been inflated. Jove prevailed in court in 2012, even winning his legal costs. His Inveravante investment group is now investing more than $450 million into two luxury developments in Morocco. Jove collects art from the Spanish province of Galicia and enjoys woodworking.
His firm, Lodha Developers, currently has 30 projects under construction covering 35 million square feet, including a 117-story luxury high-rise in central Mumbai called “World One,” with some apartments being designed by world-renowned designer Giorgio Armani. His company was famous for investing over $1 billion in developing New Cuffe Parade, an upcoming township that comprised four 63-storey towers on a 23-acre site.[3] The company is currently being run by his sons, Abhishek[4] and Abhinandan.
Source:
2. revolvy