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Addressing allegations of financial fraud and being labeled a “thief,” Mallya acknowledged his status as a “fugitive” due to his absence from India since 2016.
Indian fugitive Vijay Mallya chose Raj Shamani’s podcast to speak “his truth” after 9 years. (Raj Shamani / YouTube)
Vijay Mallya Net Worth: Indian businessman Vijay Mallya, known for his controversial exit from India, recently gained attention through an interview with a well-known Indian podcaster. In the four-hour conversation, Mallya discussed issues ranging from bureaucratic challenges in India to his remorse over the downfall of Kingfisher Airlines. He expressed his apologies to the employees impacted by the airline’s closure and emphasized that he never intended to defraud anyone.
Addressing allegations of financial fraud and being labeled a “thief,” Mallya acknowledged his status as a “fugitive” due to his absence from India since 2016.
However, he contested the “thief” label, asserting that banks have recovered more than double the amount owed, pointing out that Rs 14,131.60 crores were recovered against a debt of Rs 6,203 crores.
Vijay Mallya’s Net Worth
Once a billionaire, Mallya’s net worth reached approximately $75 million in 2013, according to Forbes, which was then the highest in India. By July 2022, reports from The Independent indicated that his assets were valued at $1.2 billion, showing signs of financial recovery.
Global Property Holdings
According to a Times Now report in February 2025, Mallya still holds a remarkable collection of properties around the world, including:
• London: Properties at 18 and 19 Cornwall Terrace, historic buildings dating back to 1823 • Hertfordshire, UK: Ladywalk Mansion, purchased in 2015 • Mumbai, India: Niladari, a luxury bungalow on Napean Sea Road • Bangalore, India: A penthouse at Kingfisher Towers • California, USA: A mansion in Sausalito • New York, USA: A Trump Plaza penthouse purchased for $2.4 million in 2010, along with three additional condos • France: Le Grande Jardin estate on Sainte-Marguerite Island near Cannes
On February 5, 2025, Mallya appeared before the Karnataka High Court, stating that banks have recovered nearly Rs 14,000 crore, significantly exceeding the original debt of around Rs 6,200 crore. He referred to the debt recovery tribunal’s certificate showing a loan amount of nearly Rs 6,203 crore, which included an interest of 11.5%. The total debt involved four entities: Kingfisher Airlines, United Breweries, Vijay Mallya, and Kingfisher Finvest.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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