Vijay Mallya Net Worth In Rupees

Vijay Mallya, an Indian businessman and former politician, has an estimated net worth of ₹10,000 crore ($1.2 billion). Once a towering figure in India’s corporate world, Mallya built a vast empire spanning multiple industries, including alcohol, aviation, and sports. However, his financial status has been subject to intense scrutiny due to legal battles and allegations of financial fraud.

Vijay Mallya Net Worth In Rupees	₹10,000 crore ($1.2 billion)
Date of Birth	Dec 18, 1955
Place of Birth	Bantwal
Nationality	Indian
Profession	Politician, Promoter, Entrepreneur, Businessperson, Film Producer

Table of Contents

Early Life

Born in Kolkata, West Bengal, in December 1955, Vijay Mallya was raised in a business-oriented family. He pursued his education at St. Xavier’s College, Calcutta, before interning at Hoechst AG in the United States. His career took a significant turn in 1983, when, at the age of 28, he took over as Chairman of United Breweries Group (UB Group) following his father’s demise.

Under his leadership, UB Group grew into a conglomerate of more than 60 companies, with interests in diverse sectors such as alcohol, aviation, chemicals, and engineering. The company’s flagship beer, Kingfisher, became India’s most popular beer brand.

The Rise of United Breweries

Mallya played a crucial role in expanding the global footprint of United Spirits Ltd. (USL). The company achieved a historic milestone by selling over 100 million cases, making it the second-largest spirits company in the world by volume. However, in 2012, Mallya ceded management control of USL to global liquor giant Diageo, marking the beginning of a shift in his business empire.

Entry into Aviation and Downfall

In 2005, Mallya ventured into the aviation sector by launching Kingfisher Airlines, which aimed to be India’s premier luxury airline. Despite its ambitious start, Kingfisher Airlines faced mounting losses and was eventually grounded in 2012 due to financial difficulties. The airline’s collapse led to Mallya defaulting on loans worth ₹9,000 crore, triggering legal actions against him.

Formula One and Sporting Ventures

Mallya also made a name for himself in Formula One. In 2007, he co-purchased the Spyker F1 team and later renamed it Force India F1, which competed in the sport for several years before facing financial troubles.

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Apart from Formula One, he was actively involved in cricket and owned the Royal Challengers Bangalore (RCB) franchise in the Indian Premier League (IPL).

Political Career

Mallya had a brief stint in politics as a Member of Parliament (MP) and was once regarded as a powerful business magnate. However, his image was tarnished by allegations of financial fraud and unpaid debts, leading to his self-imposed exile in the United Kingdom since 2016.

Awards and Recognition

Despite his controversies, Mallya was once celebrated for his business acumen. He was honored as an “Entrepreneur of the Year” by The Asian Awards and recognized as a “Global Leader for Tomorrow” by the World Economic Forum.