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Vijay Mallya is one of the richest Politician from India. According to our analysis, Wikipedia, Forbes & Business Insider, Vijay Mallya's net worth $1.2 Billion. (Last Update: December 11, 2023)
He obtained a bachelor’s diploma in commerce from St. Xavier’s College, Kolkata.
He is also the chairman of the United Breweries Group.
Vijay Vittal Mallya (born 18 December 1955) is an Indian fugitive ex-businessman and former Member of Parliament (Rajya Sabha). He is the subject of an extradition effort by the Indian Government to return him from the UK to face charges of financial crimes in India.
Kingfisher Airlines, established in 2005, was a major business venture launched by Mallya. It eventually became insolvent and had to be closed down. As of October 2013, it had not paid salaries to its employees for 15 months, had lost its licence to operate as an airline, and owed more than US$1 billion in bank loans. By November 2015, the amount owed to the banks had grown to at least $1.35 billion, and there were other debts owed for taxes and to numerous small creditors. As part of the Kingfisher collapse, Mallya is accused of being a “willful defaulter” under Indian law, including accusations of money laundering, misappropriation, etc.
Generally characterized as having an extravagant lifestyle, Mallya was reported in 2005 to be someone who prays every day and conducts the entire 42-day Sabarimala fast every year while wearing only black clothing, and to be a devout follower of Sri Sri Ravi Shankar and the Art of Living Foundation.
