Luxurious bungalows to estate near Cannes: What is Vijay Mallya’s net worth

Once referred to as the 'King of Good Times', Vijay Mallya is accused of defaulting on loans worth over Rs 9,000 crore extended to Kingfisher Airlines by a consortium of Indian banks.

While strongly denying allegations of theft and defending his reasons for staying away from India, business tycoon Vijay Mallya has issued a rare and public apology for the failure of Kingfisher Airlines.

“I apologise to everyone for the failure of Kingfisher Airlines,” Mallya said during a four-hour podcast with entrepreneur Raj Shamani released on Thursday.

Mallya also said he would consider returning to India if assured of a fair trial and a dignified existence. "If I have a fair assurance of a fair trial and dignified existence in India, I will think about it (returning to India) seriously,” he said.

Once referred to as the 'King of Good Times', Mallya is accused of defaulting on loans worth over Rs 9,000 crore extended to Kingfisher Airlines by a consortium of Indian banks. The now-defunct airline also once symbolised Mallaya’s flamboyant business style.

He has been fighting extradition proceedings in the United Kingdom since 2016.

What is Vijay Mallya’s net worth?

He was once a billionaire, with a net worth reaching around $75 million in 2013, according to Forbes. In 2013, it was also India’s highest net worth. Reports from The Independent in July 2022 suggested that his assets were valued at $1.2 billion, indicating financial recovery.

According to a Times Now report in February 2025, Mallya reportedly continues to hold an impressive collection of properties worldwide:

•London: Properties at 18 and 19 Cornwall Terrace, historic buildings dating back to 1823

•Hertfordshire, UK: Ladywalk Mansion, purchased in 2015

•Mumbai, India: Niladari, a luxury bungalow on Napean Sea Road

•Bangalore, India: A penthouse at Kingfisher Towers

•California, USA: A mansion in Sausalito

•New York, USA: A Trump Plaza penthouse purchased for $2.4 million in 2010, along with three additional condos

•France: Le Grande Jardin estate on Sainte-Marguerite Island near Cannes

On February 5, 2025, Mallya appeared before the Karnataka High Court, claiming that banks have recovered nearly Rs 14,000 crore, far exceeding the original debt of around Rs 6,200 crore.

He mentioned that the debt recovery tribunal's recovery certificate showed a loan amount of nearly Rs 6,203 crore, including an interest of 11.5%. The total debt was against four entities, including Kingfisher Airlines, United Breweries, Vijay Mallya and Kingfisher Finvest.