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Age: 50 Fortune: inherited and growing Source: Liquor Net Worth: 1.0 Country Of Citizenship: India Residence: Bangalore, India, Asia & Australia Industry: Beverages Marital Status: married, 3 children Calcutta University, Bachelor of Arts / Science Flamboyant liquor tycoon acquired archrival Shaw Wallace last June to make his UB group the world's third-largest spirits producer by volume. His top brands include Kingfisher beer and Bagpiper whiskey. Scottish & Newcastle is his partner in beer. His Kingfisher Airline, named after his bestselling beer and modeled after JetBlue, launched last year and plans to list soon. Has anointed his 18-year old son Sidhartha as successor. Personal toys include fleet of vintage cars and stud farm with 200 horses.
Mallya took over as Chairman of the United Breweries Group in 1983. Since then, the group has grown into a multi-national conglomerate of over sixty companies with an annual turnover which has increased by 439% to US$1.2 billion in 1998-1999 . The focal business areas of the group encompass alcoholic beverages, life sciences, engineering, agriculture, chemicals, information technology, Aviation and leisure. He owned McDowell Crest, which took loans in crores of rupees from General Public. In May 2007, United Breweries Group announced the all-cash acquisition of scotch whisky maker Whyte & Mackay for 595 million pounds (approximately Rs 4,819 crore).[