According to Forbes, Lalit Modi, the controversial former IPL commissioner, has a net worth of 6.0 billion. Lalit Modi is one of the most well-known and successful Indian businessmen. He is the co-founder and chairman of the board of directors for Modic Group, a multinational company that manufactures and sells luxury goods.
Modi has been in and out of legal trouble for years, with several ongoing investigations into his financial dealings. His most recent controversy surrounds allegations that he used his position to bribe officials to secure broadcasting rights for the IPL.
Modi also has interests in media and entertainment, real estate, and telecommunications.
Lalit Modi’s Income Sources
The former IPL commissioner has been in the news for all the wrong reasons. First, he was arrested on corruption and money laundering charges, and then his Income Tax (IT) filings from 2013-14 surfaced, showing that he earned a staggering Rs. 11 crores in just one year. So, where did all this money come from? In his IT returns, Lalit Modi listed his sources of income as consultancy fees, salary from two companies he owned (Modi Communications Ltd and IMG World Ventures Ltd), and also gain from property deals in London and Mumbai. However, it is unclear whether these deals generated any profits for him. Interestingly, Lalit Modi also declared a loss of Rs. 1 crore in 2014 – his last year as commissioner – suggesting that he may have been struggling financially at that point.
Lalit Modi’s Girlfriend
The presently wanted Indian businessman, and cricket official published multiple photos with Sushmita on social media, some of which showed the two in private times. He is currently dating the well-known Bollywood actress Sushmita Sen, and they want to wed soon.
Lalit Modi’s Residence
Lalit Modi, former, has a residence in London that he purchased in January of this year. The property, located in Kensington Palace Gardens, is said to be worth £2.5 million. Modi’s purchase comes as no surprise; the millionaire businessman has been known to enjoy luxury items and expensive lifestyles.
Lalit Modi’s Philanthropy
The former head of the Indian Premier League (IPL) cricket governing body, has been called one of the most controversial figures in Indian sport. But behind this public persona is a man with a charitable side that few people know about. Lalit Modi has donated over $3 million to several charities in recent years. Most of these donations have gone towards improving educational opportunities for underprivileged children.
The Most Expensive Properties Owned By Lalit Modi
Lalit Modi is the most expensive person to own a property in the world. He holds an £80 million mansion in London and a £100 million estate in Spain.
The Most Famous Lalit Modi Projects
He was once the toast of the town. But now, he’s known more for his controversies than his accomplishments. Here are five of Modi’s most notable projects:
1. The Indian Premier League (IPL).
2. The Bangalore Royal Challengers Team.
3. The Sardar Sarovar Project.
4. The Montreux Cricket Club tournament in India.
5. The £2 billion London 2012 Olympic Games stadium project in London, England.
He is one of the most controversial figures in Indian politics. He has been involved in several high-profile projects, some of which have been successful and some of which have been failures.