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Vijay Mallya‘s Net Worth in 2024: $1.2 Billion
| Full Name | Vijay Vittal Mallya |
| Nick Name | Vijay Mallya |
| Birth Place | Kolkata, India |
| Birthday | Dec 18, 1955 |
| Age | 68 years (as of 2024) |
| Sun Sign | Sagittarius |
| Occupation | Entrepreneur, Businessperson |
| Net Worth in 2024 | $1.2 Billion |
| Spouse | Samira Tyabjee Mallya (m. 1986–1987) |
| Ex-Wives | Rekha Mallya (m. 1993) |
| Children | 4 |
| Info Updated | December 2024 |
Vijay Mallya is 68 years old former politician and Indian businessman. He is well known for being the ex-chairman of United Spirits and the chairman of the United Breweries Group.
Aside from this, he also served as the chairman of Sanofi India and Bayer CropScience in India.
Moreover, Vijay was the former owner and founder of the defunct Kingfisher Airlines and Royal Challengers Bangalore cricket team.
Mallya also served as the Member of Parliament in the Rajya Sabha from April 2002 to April 2009 and from July 2010 to May 2016.
He is currently facing an extradition case by the Indian Government to return from Britain to face charges of financial crimes in India.
Vijay Mallya‘s Net Worth:
$1.2 Billion
As of 2024, Vijay Mallya’s net worth is estimated at $1.2 billion. He has earned all his fortune as a businessman and politician.
However, Mallya is a fugitive. He got sentenced to four months in jail in July 2022 by the Supreme Court of India.
Moreover, he got named in the Panama Papers matter of leaking confidential documents.
Vijay Mallya was born on 18th December 1955 in Mangaluru, Karnataka named Vijay Vittal Mallya. According to his date of birth, Vijay Mallya is 68 years old.
He was born in the family of Lalitha Ramaiah and Vittal Mallya. Vijay’s father was the chairman of United Breweries Group.
Vijay attended the La Martiniere Calcutta and St.Xavier’s College, Kolkata. In 1976, he graduated with a Bachelor of Commerce.
After graduation, Mallya became an intern at the American part of Hoechst AG in the United States.
In 1997, he received the Honorary Doctorate of Philosophy in Business Administration from the Southern California University for Professional Studies.
Vijay Mallya began his career by becoming the chairman of United Breweries Group in 1983 at the age of 28.
Under his leadership, the group grew into a multi-national conglomerate of over 60 companies making an annual turnover of $11 billion in 1998-1999.
He became the chairman of United Spirits, the largest spirits company in India. Vijay also became the chairman of Sanofi India and Bayer CropScience in India.
Under his leadership, United Spirits became the second-largest spirits company in the world.
As a politician, Vijay got elected to the Rajya Sabha as a member twice from his home state of Karnataka in 2002 and 2010.
In 2005, Mallya founded Kingfisher Airlines. Unfortunately, the Kingfisher collapsed, and he got accused of being a “wilful defaulter” by India.
In 2016, a non-bailable arrest warrant got issued by the special court in Mumbai against the businessman for transferring $500 million to tax havens.
In July 2020, Mallya offered a settlement package of $1.7 billion against a total of $1.1 billion to the consortium of Indian bankers.
Mallya owns a penthouse on the Kingfisher Towers in UB City, Bangalore. The tower has 72 houses, out of which 10 of them are of his family members.
He also has a mansion in Sausalito, France, purchased by him in 1984 for $1.2 million.
Moreover, Vijay owns a plum penthouse in Trump Towers, New York, for $2.4 million. He also has a home on Nettleton Road in South Africa.
Mallya’s Kingfisher Villa in Goa is worth ₹90 crores. Unfortunately, it got seized by the Indian Government in 2017.
He also owns the island of Sainte-Marguerite, an island in Monte Carlo and the Mabula Game Lodge in South Africa.
In 2012, Vijay Mallya and his companies got involved in various financial scandals and controversies. He later left India and moved to Britain in March 2016.
Since then, a group of 17 Indian banks trying to collect approximately $1.1 billion in loans which he invested in 40 companies.
Moreover, the Income Tax Department and the Central Bureau of Investigation are investigating money laundering and financial fraud by Mallya.
In 2016, the Enforcement Directorate of India filed a money laundering case against him for sending $110 million abroad. The department is seeking Interpol for an international arrest warrant against Vijay.
In 2017, Vijay Mallya was arrested by the United Kingdom but released on bail. He is fighting an extradition case in the UK.
In 2020, he lost his appeal against extradition to India in London’s High Court. He later applied his plea to the UK Supreme Court.
In July 2022, Vijay got sentenced to four months in jail by the Supreme Court and also to deposit $40 million with 8 percent interest within four weeks to the Supreme Court legal services authority.
In addition, Vijay is also involved in leaking confidential documents of the Panama Papers and Paradise Papers.
Vijay Mallya got married to Sameera Sharma in 1986.
Sameera is his first wife and an air hostess of Air India. The couple welcomed their son Siddharth Mallya on 7th May 1987.
Unfortunately, the relationship didn’t last long, and they divorced.
In 1993, Vijay married Rekha. They together are parents of two beautiful daughters named Leanna and Tanya.
Rekha also has a son and a daughter from her previous marriage.
Mallya is looking forward to marrying former Kingfisher Airlines air hostess Pinky Lalwani.
As per reports available on the Internet, Vijay Mallya is a billionaire he has a total net worth of $1.2 Billion.
Vijay Mallya is an Indian former politician and businessman. He got famous for being the chairman of United Breweries Group.
In the 80s and 90s, Vijay became the most talked-about businessman in India.
As of 2024, Vijay Mallya has a net worth of $1.2 billion.
Under his leadership, United Spirits sold over 100 million cases and became the second-largest spirits company in the world.
Unfortunately, Mallya’s Kingfisher Airlines became insolvent, and he became a defaulter in India.
Vijay is currently facing an extradition case by Indian Government to return to India and face financial crime charges.
Vijay Mallya’s real name or birth name is Vijay Vittal Mallya.
Vijay Mallya was born on 18 December 1955, in Kolkata, India.
The net worth of Vijay Mallya in 2024 is estimated at $1.2 Billion.
According to his birthdate of 18 December 1955, Vijay Mallya‘s age is 68 years as of 2024.
Source of Information
Wikipedia, www.hindustantimes.com
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