Who is Vijay Mallya and what is his net worth 2018? Vijay Mallya is a renowned businessman and politician from India. He is the subject of a deportation effort to attempt to strengthen his return from U.K. to his native-India to pass through charges of financial offences. Net worth of Vijay Mallya is high, basically unimaginable for Indian celebrities, get more details below:
Mallya belonged to Bantwal, Karnataka, located in India. His mother’s name is Lalitha and his father’s name is Vittal Mallya, who stayed as the Chairperson of United Breweries Group. This celebrity received education in Calcutta, and here he was chosen as house captain in his last year. Moreover, he also completed graduation in degree i.e. Bachelor of Commerce (with honours) in year 1976. When he was studying in a college, Mallya completed internship in businesses of family. When he finished his graduation, he did internship in US.
Initially, Mallya turned out as the Chairperson of United Breweries Group back in year 1983, when he was of age 28. It is found that Mallya took this over after his father’s demise. After that, this group has developed into a globally known corporation consisting of more than 60 firms. It noted yearly turnover which was boosted by 64% across 15 years till high value i.e. US $11 billion in period 1998 till 1999.
This businessman associated many companies below one umbrella group named as UB Group, turned off less significant and loss making trades and emphasised on the central business for alcoholic beverages. Since years, this celeb has expanded and gained Mangalore Chemicals and Fertilisers in year 1990; Berger Paints, also and Best and Crompton in year 1988; newspaper -The Asian Age as well as he stayed as publisher of film magazine.
Kingfisher Airlines, founded in year 2005, was considered as a leading business undertaking by Mallya. It ultimately turned out as the bankrupt and needed to be shut down. As of year 2013, the company had not disbursed incomes to its personnel for around 15 months, misplaced its authorisation to run in form of an airline, as well as possessed over $1 billion for form of bank loans.
By year 2015, the particular amount billed to the banks had boosted to minimum $1.35 billion. Moreover, there were also additional debts billed for taxes as well as many minor creditors. Apart from this, Mallya companies possesses IPL team named Royal Challengers Bangalore, another one is I-League teams Mohun Bagan A.C. as well as East Bengal Football Club.
In year 1986, Mallya got married to Sameera Tyabjee, recognised as an air hostess of Air India. Mallya has one son named Siddharth with her, born in year 1987. The couple was divorced soon afterwards, though Mallya has mentioned in interviews that he has a good relationship with his former wife. Later in year 1993, Mallya got married to his current wife named Rekha, and both of them knew each other since childhood. Mallya has two daughters, namely Leanna and Tanya with his second wife.
Net Worth of Vijay Mallya
Vijay Mallya is renowned globally as an Indian based entrepreneur and politician with net worth of $1.5 billion. This celebrity had a career in field of politics as well as he is an Independent MP as well. Moreover, his fame and wealth is high as Mallya has been acknowledged as Entrepreneur of the Year from The Asian Awards as well as acknowledged as a “Global leader for tomorrow”.
Vijay Mallya managed to earn in millions by being a businessman and politician in his career, started from early age.