Lalit Modi was born into a wealthy family in Delhi, India. He has a net worth estimated at $585 million as of 2024 from his business ventures and founding the Indian Premier League.
Modi launched the Indian Premier League (IPL) in 2008, a Twenty20 cricket league that revolutionized the sport in India. Under his leadership, the IPL saw huge growth and commercial success.
Modi was suspended from the IPL and BCCI in 2010 due to allegations of financial irregularities and misconduct. He fled to London and remains in exile.
Modi's assets include stakes in family conglomerate Modi Enterprises and tobacco company Godfrey Phillips India. He owns lavish properties and luxury cars worth over $10 million.
Legal battles and investigations into Modi's finances have cost him over $100 million in legal fees. His ongoing legal troubles impact his wealth.
Modi lives an extravagant lifestyle with luxury homes, expensive cars like Ferraris and Rolls Royces, and travels on private jets. However, he claims to have a simple lifestyle.
Modi's wealth is predicted to increase to over $650 million by 2024 if his businesses continue to grow, though his exile and legal issues pose risks and uncertainties.