Rank #1819
Bill Malhotra
Net worth $2.3B
Real estate · Canada
- Born
- Sep 08, 1949
- Age
- 76
- Source
- Real estate
- Residence
- Ottawa, Ontario
- Citizenship
- Canada
- Marital status
- Married
- Children
- 2
- Education
- Bachelor of Engineering, Birla Institute of Technology and Science (BITS) - Pilani
Net worth over time
Biography
- Bill Malhotra is the founder and CEO of Claridge Homes, one of the largest real estate developers in Ottawa, Canada.
- Malhotra founded Claridge in 1986 and the company has since built more than 14,000 properties, including condos, houses and retirement homes.
- He was born in India and studied civil engineering in college before moving to Canada in 1971 at age 22, where he worked at an engineering firm.
- From 1977 to 1986, Malhotra was the chief structural engineer for the city of Ottawa, before leaving to start Claridge.
- One of the company's residential projects, the 469-foot Claridge Icon, is the tallest building in Ottawa.
- His sons Neil and Shawn are minority owners of Claridge Homes.
- Malhotra's company is named after The Claridges, a luxury hotel in New Delhi that he used to visit as a child with his father.
- In 2008, Malhotra built a 17-story condo tower in Pompano Beach, Florida; he is now developing multiple new projects in the Fort Lauderdale area.