Vijay Mallya had a net worth of around $750 million in 2013, according to Forbes.
Fugitive business tycoon Vijay Mallya was once ranked among the wealthiest individuals in India but his once-vast fortune has significantly dwindled after scores of his properties were sold off by banks to recover due owed by Mallya. But does Vijay Mallya still own any expensive, lavish properties or assets, and what is his current net worth after nearly Rs 14,000 crore were recovered from by the banks?
Vijay Mallya breaks silence after 9 years
In a rare interview with YouTuber Raj Shamani, Vijay Mallya broke his silence after nearly nine years, answering questions ranging from loans, fleeing from India, to cricket, and his property. Asked about a popular rumor that he owns properties in over 20 countries, Mallya refuted the claim, calling it “exaggerated”.
“It has been said about me that I have property in about 20 different countries. This is an exaggerated statement. I have property in only a few countries, not 20. I have property in England, France and America,” Vijay Mallya claimed.
Mallya also revealed that he sold his lavish house in South Africa which he had purchased when he operating his Kingfisher liquor business in the country. “I sold that house after the business was shut.”
The fugitive liquor baron, who currently resides in the United Kingdom, said he has purchased a house in France, which was bought via his holding company Gizmo.
Vijay Mallya Net Worth
Interestingly, Vijay Mallya had a net worth of around $750 million in 2013, according to Forbes, but as a per a July 2022 report by the Independent UK, the same had ballooned to nearly $1.2 billion, despite the fugitive tycoon losing all his properties in India, which were sold by banks to recover their loans.
According to media reports, banks have recovered Rs 14,000 crore so far from Vijay Mallya by auctioning his uber-expensive properties spread across the country. In 2021, Mallya’s Kingfisher House in Vile Parle, Mumbai was auctioned for Rs 52.55 crore, while a luxury villa he owned in Goa was sold for Rs 73 crore.
