Lalit Kumar Modi, an Indian entrepreneur and cricket official, was born on November 29, 1963. He is presently wanted for questioning. He established the Indian Premier League (IPL), serving as its first chairman and commissioner for three seasons till 2010. Between 2008 and 2010, he also held the post of Chairman of the Champions League.
From 2005 to 2010, he served as the BCCI’s vice president. Additionally, he has held the post of vice president of the Punjab Cricket Association.
Due to his close relationship with BJP leader Vasundhara Raje, Modi has maintained significant political influence in Rajasthan. Raje was dubbed “Super CM” by his opponents and the media during his first tenure as chief minister.
Shashi Tharoor, an Indian National Congress politician, was accused by Modi of having indirect free stock in the Kochi Tuskers Kerala IPL franchise in 2010. Tharoor later resigned as a result of Modi’s allegations.
The Early Life of Lalit Modi
Lalit Modi, the oldest child of Krishan Kumar Modi and his wife Bina Modi, was born in Delhi on Nov. 29, 1963, into one of India’s most powerful business families. His siblings are a younger brother named Samir Modi and an older sister named Charu Modi Bhartia.
His grandfather, Gujar Mal Modi, built the town of Modinagar as well as the commercial empire known as the Modi Group. The family business was considerably extended by his father, KK Modi. In 1971, Modi enrolled in Bishop Cotton School in Shimla.
Due to an abduction risk, his parents later transferred him to St. Joseph’s College in Nainital. He was suspended from St. Joseph’s in 1980 for truancy after skipping class to watch a movie.
Net Worth of Lalit Modi
According to idolnetworth, he has a net worth of $570 million.
Using funds from a trust account, Modi founded Modi Entertainment Networks (MEN) in 1993. In order to transmit some of Disney’s programs in India, notably Fashion TV, MEN and Walt Disney Pictures engaged in a collaborative venture that lasted for ten years. MEN bought up ESPN’s pan-India distribution in 1994 in a ten-year, $975 million deal. His responsibility was to obtain payment from Indian cable firms in return for the transmission of ESPN.
Lalit Modi’s Family
Minal Sagrani and Lalit Modi were formerly wed. They exchanged vows in 1991. Minal Modi passed away from cancer in 2018. Together, they gave birth to a son named Ruchir and a daughter named Aliya. Karima Sagrani, a child of Minal’s first marriage, claims Modi as a stepfather as well. After months of looking for a better life mate, Modi finally revealed that he would shortly wed Sushmita Sen.
Lalit Modi and Minal Modi, his previous wife, have two children together. Richir Modi is the name of the son, while Aliya is the name of the daughter. Karima Sagrani, a child of Minal’s first marriage, has Modi as a stepfather as well. Modi has three kids in all.