Meet Man, Was Counted Among One Of India's Wealthiest, But Life Took An Unexpected Turn, Now Lives In Rented Apartment—Was Richer Than Ambani And Adani

Once richer than Mukesh Ambani, Gautam Adani, and even Ratan Tata, Vijaypat Singhania was a towering figure in Indian industry. Today, however, he lives in a rented apartment at age 86—alone, and with no fortune to his name. Here's what happened.

Vijaypat took over the Raymond Group in 1980 and turned it into a fashion powerhouse. From domestic tailoring shops to high-end global showrooms, Raymond became India's most trusted name in men's fashion—thanks to his vision and leadership.

Heir to the Singhania legacy, Vijaypat didn’t rest on his inheritance. He worked hard to expand the family business and brought international prestige to Indian textiles. A sharp businessman and respected public figure, he was also known for his humility and discipline.

Vijaypat tried to split the business between his two sons—Madhupati and Gautam. But things didn’t go as planned. Madhupati moved to Singapore, distancing himself. In 2015, Vijaypat handed over his 37% stake in Raymond to Gautam Singhania.

After the transfer, Vijaypat’s relationship with Gautam soured. Legal battles and personal bitterness followed. In a shocking twist, the man who built Raymond was evicted from the family home and denied access to what he had created.

Today, Vijaypat Singhania, once at the helm of a billion-dollar empire, lives in a rented flat. After the family fallout and losing control of his assets, the man who once enjoyed a lavish lifestyle finds himself living a quiet, modest life at 86.

Vijaypat is a decorated aviator, inspired by J.R.D. Tata. He was awarded the Padma Bhushan (2006), served as Sheriff of Mumbai, and received the Tenzing Norgay National Adventure Award. The Indian Air Force even named him Honorary Air Commodore.

Despite personal losses, Vijaypat's impact remains. He built a global brand, inspired generations, and lived with dignity even after downfall. His life is a reminder: money fades, but values, courage, and legacy endure.

(Image credit: @divya_gandotra/x & Social Media)