Vijay Mallya is a notable business person and politician from India. There are many cases filed against this liquor baron who is currently in the UK and was filed with many financial offenses.
There are many court cases that are filed against him in India and Britain. He is in the news and has hogged the limelight for taking loans from various banks and not repaying the loans.
Prior to these situations, he earned a huge reputation in India and is a well-known business tycoon. He was also a member of Rajya Sabha, the Upper house of the Parliament in 2002 and 2010 from his home state, Karnataka.
Vijay Mallya Net Worth 2020
The net worth of this Indian business tycoon and a politician is $2 billion. He has won as an independent MP and made a name is politics. He owns IPL, Formula one and football teams, which have contributed to his net worth.
Vijay Mallya Biography
|Full Name||Vijay Mallya|
|Birthdate||18th December 1955|
|Birth Place||Kolkata, India|
|Residence||London, United Kingdom|
|Age (as of 2020)||64 Years|
|Height||1.75 m (5 ft 8 in)|
|Hair Color||Salt and Pepper|
|Eye Color||Hazel Brown|
|Wife(s)||Sameera Tyabjee Mallya, Rekha Mallya|
He was born on 18th December 1955 in Kolkata, India to Industrialist Vittal Mallya and mother Lalitha. His father was the Chairperson of the United Breweries group.
He has completed his schooling from La Martiniere for Boys school in Kolkata and received a degree a bachelor’s degree in commerce from St. Xavier’s College in Kolkata in the year 1976.
While pursuing his studies, he worked as an intern in his father’s company. After completing his graduation, he flew to the US to do the internship.
In 1986, Mallya was married to Sameera Tyabjee, who worked as an air hostess with Air India. The couple has a son named Siddharth who was born in 1987. Though the couple parted ways, but are in a friendly relationship as stated in an interview.
In 1993, he married Rekha who is his childhood friend. Mallya and Rekha have two daughters named Leanna and Tanya.
Vijay Mallya has become the Chairperson of the United Breweries Group in the year 1983 at the age of 28. He took over the company after the death of his father.
After this, he has developed the company and this company has become a global corporation with over 60 companies. The turnover was increased to 64% in the span of 15 years with $11 million from 1998 to 1999.
This was a golden period for Mallya. There are many companies that are linked to the UB group. He dissolved loss-making trades and focus on alcoholic beverages. He gained Mangalore Chemicals and Fertilizers in the year 1990.
In addition to this, he also owns Berger Paints, The Asian Age newspaper and he held the position as a publisher for a film magazine.
Kingfisher Airlines started in 2005 and is the leading business that was taken by Mallya. However, it turned out to be bankrupt soon. In 2013, there are no assets that were disturbed to his personal account in 15 months and misused the authorization of airlines and have to pay $1 billion to the banks to close the loans.
By the end of 2015, the amount that was billed has been increased to $1.35 billion. There are many other bills that are imposed on him and have to pay to many minor creditors.
Mallya also holds an IPL team that was run with the name, Royal Challengers Bangalore and owns the East Bengal Football Club
He won the award as the Entrepreneur of the season in 2010 from The Asian Awards and is recognized as the “Global leader for tomorrow”. Though, he has not received many laurels from India but is known globally. He received a prestigious honor with Officier de la Legion d’Honneur from France.