Hey! Welcome to SGX-Nifty‘s other blog post on Vijay Mallya Net Worth: Vijay Mallya, a wealthy Indian businessman and liquor baron, is well known for his extravagant lifestyle and for being the former chairman of the United Breweries Group. Despite his previous success, Mallya’s financial status has been severely affected by legal issues and debt, leading to a significant decrease in his net worth.
Who is Vijay Mallya?
Vijay Mallya is an Indian businessman and former politician who was once dubbed the “King of Good Times” for his lavish lifestyle and success in the liquor industry. He owned Kingfisher Airlines, United Breweries Group, and the Force India Formula One team. However, his riches deteriorated owing to financial mismanagement and mounting debts, resulting in legal fights and his final escape to the United Kingdom.
Vijay Mallya Biography
| Category | Details |
|---|---|
| Full Name | Vijay Vittal Mallya |
| Date of Birth | December 18, 1955 |
| Age | 68 years (as of 2024) |
| Birthplace | Kolkata, West Bengal, India |
| Nationality | Indian |
| Height | 5’8″ (173 cm) |
| Profession | Businessman |
| Marital Status | Married to Rekha Mallya |
Vijay Mallya’s Net Worth in 2024
Vijay Mallya is an Indian businessman and politician with a net worth of $1.2 billion. Vijay Mallya was born in Kolkata, West Bengal, India, in December 1955. He graduated from St. Xavier’s College in Calcutta. Following graduation, he interned at Hoechst AG in the United States. After his father died in 1983, he took over as Chairman of United Breweries Group. The consortium now includes more than 60 enterprises. The companies were merged under the name UB Group. United contains India’s number one beer, Kingfisher.
United Spirits Ltd. sold 100 million cases, becoming the world’s second-largest spirits company by volume. Mallya handed up management control of the company to Diageo in 2012. He is the Chairman of United National Breweries. Aside from alcohol, the group of firms specializes in health sciences, agribusiness, chemicals, engineering, aviation, and information technology. In 2007, he was part of the consortium that bought the Formula One racing team Spyker. The team’s name was changed to Force India F1 and later Sahara Force India. He has a political background and currently serves as an Independent MP. Mallya has received The Asian Awards’ Entrepreneur of the Year award as well as the World Economic Forum’s “Global Leader for Tomorrow” title.
Net Worth By Years
| Year | Net Worth (USD) |
|---|---|
| 2010 | $100 million |
| 2015 | $800 million |
| 2020 | $300 million |
| 2024 | $1.2 billion |
Early Life
Vijay Mallya was born into a prosperous business family in Kolkata. His father, Vittal Mallya, was chairman of the United Breweries Group. Vijay attended La Martiniere, Kolkata, and then graduated from St. Xavier’s College, Kolkata. He took over his father’s firm at a young age and successfully grew the group’s portfolio, establishing it as a global player in the liquor market.
Career
Vijay Mallya’s career has been distinguished by both tremendous success and stunning failure. He built United Breweries into one of the world’s largest spirits companies, best known for its Kingfisher beer brand. Mallya also got into aviation with Kingfisher Airlines, which was initially successful but finally failed owing to financial mismanagement. His career subsequently deteriorated due to several legal troubles and bankruptcy, prompting him to quit India in 2016.
Awards and Recognitions
| Award | Year | Category | Result |
|---|---|---|---|
| International Wine & Spirits Competition | 1997 | The Outstanding Contribution to Wine & Spirits | Won |
| Kingfisher Airlines | 2008 | India’s Best Airline | Won |
| FMSCI Lifetime Achievement Award | 2014 | Contribution to Motorsport | Won |
Social Media Accounts
| Platform | Username |
|---|---|
| @TheVijayMallya | |
| vijaymallyaofficial | |
| @VijayMallya |
Family and Relationships
Vijay Mallya is married to Rekha Mallya. He has three children: Siddharth, Leila, and Tanya Mallya. Siddharth Mallya, his eldest son, is well-known in the media and was previously groomed to take over the family company.
Wrap Up
Vijay Mallya’s journey from being a successful billionaire to becoming a fugitive businessperson serves as a cautionary tale. Despite his previous high-flying lifestyle, his financial downfall has significantly diminished his once vast wealth. With a net worth of $1.2 billion in 2024, Mallya’s story highlights the unpredictable nature of wealth and the repercussions of inadequate financial management.
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FAQs
Q. What is Vijay Mallya’s net worth in 2024?
A: Vijay Mallya’s net worth in 2024 is expected to be $100 million.
Q. How tall is Vijay Mallya?
A: Vijay Mallya stands 5 feet 8 inches (173 cm) tall.
Q. Is Vijay Mallya still married?
A: Yes, Vijay Mallya is married to Rekha Mallya.