New Delhi: A day after United Breweries Holdings Ltd (UB Group) chairman Vijay Mallya lost his billionaire tag in the Forbes India billionaires list, the liquor baron was seen taking off the steam on social networking site Twitter on Friday. (JPN/Agencies)
‘Thanks to the Almighty that Forbes has removed me from the ‘so called’ Billionaires list. Less jealousy, less frenzy and wrongful attacks’, tweeted an obviously annoyed Mallya.
Mallya often referred to as 'King of good times', has lost his billionaire tag as ‘bad times’ in his aviation business have dragged down his net-worth to below the USD 1 billion mark.
According to Forbes magazine's India rich list released on Thursday, Mallya is now ranked 73rd with a fortune of USD 800 million (about Rs 4,285 crore), a sharp plunge from 49th place last year with a fortune of USD 1.1 billion.
However, Mallya ranks well above Naresh Goyal of Jet Airways, who has been ranked by Forbes at 94th position with a fortune of USD 600 million.
"King of good times is having nothing but bad times lately. His Kingfisher Airlines, weighed down by what is believed to be USD 2 billion in debt, had its license suspended in mid-October after it apparently failed to address Indian regulator's concerns about its ability to operate," the magazine said.
Moreover, the airline hasn't paid staff in seven months and now is offering three months salary but staff wants more and has asked to hear from Mallya directly.
He has already sold part of his stake in his Formula One team. He owns a cricket team and millions worth of Gandhi memorabilia, Forbes said.
The magazine said the net-worth is based on shareholding and financial information from the families and individuals, stock exchanges, analysts and India's regulatory agencies.
New Delhi: A day after United Breweries Holdings Ltd (UB Group) chairman Vijay Mallya lost his billionaire tag in the Forbes India billionaires list, the liquor baron was seen taking off the steam on social networking site Twitter on Friday.