Lalit Modi Net Worth: How Rich Is The IPL Founder?

Lalit Modi came into the limelight when he announced that he is dating Miss Universe Sushmita Sen. Their pictures in which they were together went viral in a matter of minutes. Lalit is the founder of IPL and owns billions’ worth of businesses.

1. Lalit Modi Net Worth: How Rich Is The
IPL Founder?
Lalit Modi came into the limelight when he announced that he is dating Miss
Universe Sushmita Sen. Their pictures in which they were together went viral in a
matter of minutes. Lalit is the founder of IPL and owns billions’ worth of businesses.
Bio/Wiki
Name Lalit Kumar Modi
Age 59 years
Date of Birth 26 November 1963
Birthplace New Delhi, India
Zodiac Sign Sagittarius

2. Nationality Indian
Religion Hindu
Who is Lalit Modi?
Lalit Modi was born on 29 November 1963 in Delhi to Krishan Kumar Modi
and Bina Modi. He was born into a business-leading family, as his
grandfather had established the Modi Group, a business conglomerate in
Modinagar. He founded IPL and owns numerous businesses.
Lalit Modi Age, Height, Weight
He is 59 years old. Lalit has black eyes and his hair is turned salt and pepper.
Physical Stats
Hair colour Salt and pepper
Eye colour Black

3. Lalit Modi Education
He did his primary schooling at Bishop Cotton School in Shimla . Later due to a
kidnapping threat he was moved to St Joseph’s College in Nainital . He was
expelled from the school for absenteeism. For higher education, he studied
electrical engineering and business administration at Pace University, New
York for two years and at Duke University, North Carolina for one year. He
didn’t complete his degree from either college.
He was accused of cocaine tra?cking, assault, and second-degree
kidnapping and arrested by North Carolina police. Lalit Modi was found
guilty by Durham County Court, North Carolina, and sentenced to two-year
prison. He applied for a plea bargain and in place of prison, he was put under
five-year probation and 100 hours of social service.
Education
School Bishop Cotton School, Shimla
St Joseph’s College, Nainital
College Pace University, New York
Duke University, North Carolina
Qualifications Didn’t completed graduation
Lalit Modi Family
His grandfather Rai Bahadur Gujarmal Modi established the Modi Group, a
small and family-run business in 1933. His whole family is involved in their
home-grown business. His father’s name is Krishan Kumar Modi and his
mother’s name is Bina Modi. He has a brother named Samir Modi and Sister
named Charu Modi Bhartia.
Family
Mother Bina Modi
Father Krishan Kumar Modi

4. Brother Samir Modi
Sister Charu Modi Bharta
Grandfather Rai Bahadur Gujarmal Modi
Lalit Modi Relationships
Lalit married Minal Modi on 17 October 1991. She died in 2018 due to cancer.
The couple has three children named son Ruchir Modi, a businessman,
daughter Aliya Modi, an interior designer, and step-daughter Karima
Sagrani. Karima is the daughter of Minal and his first husband, Jack Sagrani,
a Nigeria-based Indian businessman. Currently, he is dating Miss Universe
1994, Sushmita Sen.
Relationships
Marital Status Widowed
Wife Minal Modi (Died)
Children Ruchir ModiAliya Modi
Karima Sagrani (step-daughter)
Girlfriend Sushmita Sen

5. Lalit Modi Social media
Instagram Twitter LinkedIn Facebook
Lalit Modi’s Net worth in 2022, Salary, Assets
Lalit owns businesses worth Rs 12,000 crores (approx $1.5 billion). He is the
founder of IPL and runs businesses in agriculture, chemicals, mouth
fresheners, pan masala, tobacco, retail, cosmetics, education,
confectionery, fashion, travel, entertainment, and restaurants.
He owns Modi Care, Pan Vilas Pan Masala, Marlboro Cigarettes, 27 Seven
Retail stores, Beacon Travel Company, a chain of Ego restaurants serving in
India, Africa, Europe, Arab countries, and many more places.
Lalit Modi has a net worth of $570 million (Rs 4,555 crores). He owns a
luxury mansion in London on Sloane Street. The five-story massive
mansion is built on 7000 square feet and has 14 rooms and an inbuilt
elevator.

6. Lalit Modi Controversies
● In 1985, during his studies in North Carolina, USA, he was arrested
and accused of assault on a classmate, second-degree kidnapping,
and cocaine tra?cking.
● In 1993, He was accused by ESPN of a revenue snafu.
● In 2010, he was again accused of a revenue scam by the BCCI and
expelled from the organisation with a lifetime ban.
● He is accused of having political and business favours from ex-CM of
Rajasthan, Vasundhara Raje several times.
Some lesser-known facts about Lalit Modi
● Modi served CCI as vice president from 2005 to 2010 and later served
Punjab Cricket Association as vice president from 2014 to 2015.
● In 2008, he founded the Indian Premier League (IPL).
FAQs
Is Sushmita Sen married to Lalit Modi?
No, Sushmita Sen is not married to Lalit Modi. Though they announced their
relationship and may tie the knot soon.
Who is the IPL Founder?
Lalit Modi and BCCI co-founded IPL in 2008.
Who is Lalit Kumar Modi’s net worth?
Lalit Modi has a net worth of $570 million (Rs 4,555 crores).
Is Lalit Modi age?
Lalit Modi is 59 years old.