Lalit Modi Net Worth
Lalit Modi is a famous Indian businessman who is known for his success and is currently the president of Godfrey Philips India and the managing director of Modi Enterprises. He is also a cricket administrator. A former president of the Punjab Cricket Association and the chairman of the Champions League, Lalit Modi has become an important face in the Indian cricket circuits. In 2010, he was named the second most powerful person in Indian sports.
Lalit Modi was born on November 29, 1965. His father is Krishan Kumar Modi, a well-known businessman. Lalit Modi has two siblings: Charu Modi Bhartia and Samir Modi. As a child, Lalit was enrolled in the Bishop Cotton School in Shimla.
Lalit started his career with his father’s family business. He is also known for launching the Indian Premier League. The league is the world’s largest sports league. Initially, the league was a T-20 cricket tournament. However, it grew to be one of the most popular sports leagues in the world. It is estimated that the IPL makes over $4 billion annually.
Lalit Modi is currently living in London with his family. He owns a lavish mansion in the United Kingdom and regularly shares pictures of himself and his wife on his social media accounts. Some of the most expensive cars owned by Lalit include a Rolls Royce Phantom, a Ferrari 488 Pista Spider and a Lamborghini Gallardo.
Lalit Modi was born into a wealthy family. His grandfather, Gujar Mal Modi, was a prominent businessman in Uttar Pradesh. Several magazines often featured him on the cover page while he was flourishing as a businessman in India.
When he was a student, Lalit Modi traveled to the United States to study electrical engineering. After he graduated from college, he worked at several state cricket associations. Eventually, he returned to India in 1986. He later founded Modi Entertainment Networks, which became a pan-India distributor for ESPN. The company had a 10-year contract with Walt Disney Pictures. However, it was not renewed by ESPN.
Lalit Modi was accused of trafficking cocaine and assault. However, he has never been convicted of any crimes. Instead, he has been found guilty of misconduct in 2013. This led to his exile from India. Earlier in 2013, Lalit Modi and his brother Samir were arrested on suspicion of kidnapping. They were eventually convicted and sentenced to two years in jail.
Lalit Modi is married to Minal Sagrani. Together they have a daughter, Aliya. Originally, Minal Sagrani was married to a Nigerian businessman. Eventually, her marriage with Lalit Modi ended due to complications from cancer. She is also the mother of a son, Ruchir, and a stepdaughter, Karima.
During his time in the United States, Lalit Modi performed very well in the American college entrance exams. He received a degree in business administration from Pace University. Upon his return to India, he started working in his family’s business. By 2007, he had become a vice-president of the Board of Control for Cricket in India, or BCCI.