Vijay Mallya Net Worth 2020, Bio, Weight, Awards, and Instagram

Vijay Mallya Net Worth 2020, Bio, Weight, Awards, and Instagram.

Vijay Mallya Net Worth – Vijay Mallya is best known as a celebrity who was born in Bantwal on Sunday` December 18` 1955. Vijay is currently 61 years old. Mallya’s birth sign is Sagittarius.

Vijay Mallya Net Worth

Biography

Vijay Mallya (born December 18,1955) is one of the richest businessmen in India. He is the chairman of UB Group, an Indian company dealing in alcoholic beverages, aviation, real estate and fertilizers.   He is also the member of the Rajya Sabha, the upper-house of the Indian Parliament.

He is the son of Vittal Mallya (businessman based in Bantwal, Mangalore) and wife Lalitha studied in Calcutta . When he was in college, he began to associate himself with family business. He then began to work as an internet at Hoescht AG in the US.

After his father’s death, the then 28 year old Vijay Mallya took his companies United Breweries Group to great heights, making it a multinational corporation with more than 60 companies under its wings. By 1999, UB Group was the most successful alcoholic beverage companies with an annual turnover of US $11 billion.

UB’s Kingfisher Beer is one of the best selling beer brands in the world, with more than 50 percent share in India itself, besides selling in more than 52 countries.

Vijay Mallya concentrated on UB Group but also acquired other businesses like Berger Paints, Crompton, Malabar Chemical and Fertilizers, the Asian Age newspaper and Cine Blitz (film and TV magazine in India).

Mallya kept his focus on the UB Group making Kingfisher beer, the largest selling beer in the world.  The beer sold in more than 52 countries, has more than 52 percent share in the Indian market.

Mallya also bought many companies including Berger Paints, Crompton, Mangalore Chemicals and Fertilizers, The Asian Age and Cine Blitz between the periods 1988 and 2001.

In 2012, Mallya gave away management control of United Spirits Ltd to British-based alcoholic beverage giant Diageo, while he retained certain amount of stake in the business.  He earned Rs. 2400 crores (approximate) from the sale of his stake in United Spirits to Diageo in 2014.

Mallya founded Kingfisher Airlines in 2005, it did great business in the first few years before it became insolvent and had to shut down.

The main reason was outstanding loans and inability to pay Kingfisher employees who have still not been paid.  To date, the company owes its employees Rs 300 crores.

Vijay Mallya Net Worth

Height and Weight

height: 5′ 9

weight: 85kg

Awards

Mallaya was awarded the honorary  degree of Doctorate of philosophy in Business Administration, by the southern california University for Professional Studies in 1997

He awarded the legion of Honor, the highest civilian award in France

Net Worth 2020

Once a billionaire, Vijay Mallya dropped from the illustrious list, following the debacle of Kingfisher Airlines and the outstanding debts that touched $1 billion. Once having a net worth of $1.1 billion in 2011, Vijay Mallya dropped to $800 million in 2013, according to Forbes.

As per corporate shareholdings filed for June 30, 2020, publicly holds 3 stocks with a net worth of over Rs. 2,075.1 Cr.

These are shares held by as per the shareholding data filed with the exchanges. The latest quarter tends to have missing data since not all companies may have reported their shareholding data till now.

Instagram

Connect with him on  Instagram