VIJAY MALLYA • Net Worth $1 Billion • House • Yacht • Private Jet • United Breweries

Name:Vijay Mallya
Net Worth:US$ 1 billion
Source of Wealth:United Breweries
Born:December 18, 1955
Wife:Rekha Mallya
Children:Siddharth Mallya, Laila Mallya, Tanya Mallya, Leanna Mallya
Private Jet:(VT-VJM) Airbus A319

Who is Vijay Mallya?

Key Takeaways

  • Vijay Mallya was the former chairman of United Breweries Group, one of India’s largest conglomerates.
  • He gained fame as India’s “King of Good Times,” largely due to his business ventures in brewing, aviation, and more.
  • United Breweries is most known for its brand, Kingfisher Beer, holding a market share of approximately 48% in India
  • Mallya also ventured into the airline industry with Kingfisher Airlines, which eventually became insolvent.
  • His estimated net worth was USD 750 million, according to Forbes.
  • Faced legal issues in London for charges of fraud, conspiracy, and money laundering.

An Overview of Vijay Mallya

Vijay Mallya, born in December 1955, was once an emblematic figure in India’s business landscape. He served as the chairman of the United Breweries Group, a conglomerate with diversified interests ranging from brewing, aviation, pharmaceuticals, and real estate to sectors like engineering, fertilizers, biotechnology, and information technology. Married to Rekha Mallya, he is the father of four children: Siddhart Mallya, Laila Mallya, Tanya Mallya, and Leanna Mallya.

The Reign of Kingfisher Beer

United Breweries, under Mallya’s leadership, emerged as India’s largest producer of beer. The brand most synonymous with the company is Kingfisher Beer, which dominated the market with an approximate 48% share. In 2013 alone, the companies under United Breweries realized sales amounting to over USD 5 billion. At the young age of 26, Mallya took over as chairman following his father’s death. As of the latest data, Mallya owned approximately 5.3 million shares in United Breweries, representing a value of around USD 70 million.

The Downfall of Kingfisher Airlines

Venturing beyond brewing, Mallya launched Kingfisher Airlines in 2005. Despite initial promise, the airline failed to maintain its trajectory and became insolvent, eventually shutting down in 2012. This marked a significant low point in Mallya’s otherwise illustrious career.

Financial Portfolio: Vijay Mallya’s Net Worth

Before the controversies that clouded his reputation, Mallya’s net worth was estimated by Forbes to be around USD 750 million. Besides his business in brewing and aviation, he also dabbled in sports as the co-owner of the Formula One team Sahara Force India, which he later sold to Lawrence Stroll.

The Controversy and Legal Battles

In 2018, Vijay Mallya found himself at the center of a legal storm. Appearing at London’s Westminster Magistrates’ Court, he faced multiple charges, including fraud, conspiracy, and money laundering. The court ruled that Mallya should be extradited to India to face these charges. While he has the option to appeal to London’s High Court, Mallya claimed that the verdict was politically motivated at the behest of Indian authorities and even offered to repay the loans he owed.
In summary, Vijay Mallya’s life is a story of rise, fall, and controversy. Once hailed as India’s “King of Good Times,” he is now fighting legal battles to restore his name and legacy. Whether or not he succeeds, his impact on the Indian business landscape is indelible.

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Yacht Indian Empress Owner

Vijay Mallya

Watch this video!

Vijay Mallya House

Vijay Mallya Yacht

He was the owner of the yacht Indian Empress. The yacht was confiscated and auctioned. She was bought by the Royal Family of Saudi Arabia, who named her Neom.

The yacht is now named H3.

In 2022, the H3 yacht underwent a significant transformation by Oceanco in collaboration with designer Reymond Langton. The vessel’s length was increased from 95 meters to 105 meters, and the entire yacht was restyled with a fresh interior. Now registered to a company named Freedom 105 LTD and based in Spain, the yacht is known as H3 (ex Hull 1050H).