Lalit Modi - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore Lalit Modi net worth, age, height, bio, birthday, wiki, and salary! Business executive who became the first ever Chairman and Commissioner of cricket’s Indian Premier League. He successfully headed up the tournament from 2008-10. Previously, he was the Chairman of the Champions League. In this article, we will discover how old is Lalit Modi? Who is Lalit Modi dating now & how much money does Lalit Modi have?

Lalit Modi Biography

Lalit Modi is one of the most popular and richest Business Executive who was born on November 29, 1965 in New Delhi, India. He became a wealthy Indian business tycoon like Azim Premji and Ramalinga Raju.

Lalit Kumar Modi (born 29 November 1963) is a fugitive Indian businessman and cricket administrator. He was the first Chairman and Commissioner of the Indian Premier League (IPL), and ran the tournament for three years until 2010. He also served as the Chairman of the Champions League during 2008–10. He was the Vice President of the Board of Control for Cricket in India (BCCI) during 2005–10. He has also served as the President of the Rajasthan Cricket Association (2005–09 and 2014–15), and as the Vice President of the Punjab Cricket Association.

Lalit Modi joined Bishop Cotton School in Shimla, in 1971. His family later moved him to St Joseph’s College, Nainital, because of a kidnapping threat. In 1980, he was expelled from St. Joseph’s for truancy, having left school to watch a movie.

His father Krishan is a successful entrepreneur and his mother’s name is Bina.

In 2010, Sports Illustrated named him the 2nd Most Powerful Person in Indian Sports.

Lalit Modi was born in Delhi in 1963, into one of India’s leading business families, the elder son of Krishan Kumar Modi and his wife Bina Modi. He has an elder sister, Charu Modi Bhartia, and a younger brother, Samir Modi. His grandfather Gujar Mal Modi had established the Modi Group business conglomerate and the town of Modinagar. His father KK Modi greatly expanded the family business.

Lalit Modi Net Worth

Lalit is one of the richest Business Executive from India. According to our analysis, Wikipedia, Forbes & Business Insider, Lalit Modi's net worth $5 Million. (Last Update: January 13, 2024)

He studied electrical engineering and business administration at Pace and Duke Universities.

In Delhi, Modi started courting the nine-years-older Minal Sagrani who was the daughter of Nigeria-based Sindhi Hindu businessman, Pesu Aswani, and the wife of another Nigeria-based Sindhi businessman, Jack Sagrani. His family initially opposed the marriage, as Minal was a recently divorced mother and nine years elder to him. Modi managed to get his grandmother Dayawati Modi on his side, who convinced the family to agree to the marriage. Lalit and Minal married on 17 October 1991 in Mumbai. The couple settled in Mumbai, as Minal faced social boycott in Delhi. They initially lived in KK Modi’s apartment in Pedder Road area, but later bought Minal’s father’s house in Juhu as their family grew. They have two children – son Ruchir Modi and daughter Aliya. Lalit Modi also has a step-daughter Karima Sagrani, from Minal’s first marriage.

In 1993, Modi established Modi Entertainment Networks (MEN), using money from a family trust. MEN started as a 10-year joint venture with Walt Disney Pictures, to broadcast some of Disney’s content in India, including Fashion TV. In 1994, MEN became the pan-India distributor of ESPN on a ten-year contract worth $975 million. His job was to collect money from the cable companies in India in exchange for the broadcasting ESPN. ESPN did not renew its contract with Modi, alleging that he underreported revenues. MEN also lost a contract with Fashion TV, after Modi fell out with its founder Michel Adam Lisowski. Most of Modi’s businesses in Mumbai were not profitable, and he lived on a maintenance allowance from his father’s company.

Ethnicity, religion & political views

Many peoples want to know what is Lalit Modi ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Lalit Modi's ethnicity is Asian/Indian. We will update Lalit Modi's religion & political views in this article. Please check the article again after few days.

In 1986, Modi came back to Delhi, and joined the family business. He served as the President of International Tobacco Company Limited from 1987 to 1991. On 21 August 1989, he was made a Non-Executive & Non-Independent Director at Godfrey Phillips India, one of India’s largest tobacco companies, and a joint venture between his family’s Modi Enterprises and Philip Morris International. In February 1992, he was made an Executive Director of Godfrey Phillips India, and retained that position until 1 August 2010.

Who is Lalit Modi Dating?

According to our records, Lalit Modi married to Minal Modi . As of January 13, 2024, Lalit Modi’s is not dating anyone.

In the US, Modi had been impressed by the huge revenues of the American sports leagues. In 1995, he pitched his idea for a new 50-over tournament to BCCI. He even registered a name – Indian Cricket League Limited – for the proposed league. However, the BCCI did not take the proposal seriously. Modi then resolved to join the Board. As a step towards this goal, in 1999, he managed to get elected to the Himachal Pradesh Cricket Association, a constituent body of BCCI. However, his attempt to gain control of the Association failed, and he was forced to leave the Association by the Chief Minister of the state. In 2004, Modi was elected as the Vice-President of the Punjab Cricket Association, under the President Inderjit Singh Bindra. He retained this position in the 2008 elections.

Height, Weight & Body Measurements

Lalit Modi height Not available right now. Lalit weight Not Known & body measurements will update soon.

Between 1983 and 1986, Modi studied Electrical Engineering and Business Administration in the United States. He attended Pace University in New York for two years, and then Duke University in North Carolina for one year. He didn’t graduate from either of these institutions. In 1985, while a sophomore, Modi and three other students tried to buy half a kilogram of cocaine for $10,000 at a motel. The man posing as a seller threatened them with a shotgun, and robbed them of $10,000. The next day, Modi and his friends beat up a student, whom they suspected of setting them up. As a result, on 1 March 1985, Modi was arrested on charges of conspiracy to traffic cocaine, assault and second-degree kidnapping. The next day, Modi and another student were indicted. Modi pleaded guilty to the crime when the case was heard in the Durham County court, North Carolina and later entered a plea bargain, which resulted in a suspended two-year prison sentence. In lieu of prison time, he was placed under a five-year probation and ordered to do 100 hours’ community service. In 1986, Modi sought permission from court to return to India, citing bad health. The Durham County Court accepted his plea and ordered him to perform 200 hours of community service in India. Modi’s return to India was facilitated by some of his father’s businessmen friends, including Leonard Lauder. When asked about this matter in 2010, Modi stated “I’ve got no idea about these allegations, which have been investigated and nothing was found.”.

In 2002, Modi launched an online lottery business in Kerala called Sixo.

Facts & Trivia

Lalit Ranked on the list of most popular Business Executive. Also ranked in the elit list of famous people born in India. Lalit Modi celebrates birthday on November 29 of every year.

In 2003, Modi’s friend Vasundhara Raje was elected as the Chief Minister of Rajasthan. Modi knew Raje through a common school friend Bina Kilachand, and had become one of the Chief Minister’s closest associates.

Who is IPL founder?

Founders

Who is Lalit Modi father?

Krishan Kumar Modi

Who replaced Lalit Modi as the IPL chairman and commissioner from this year's edition of the IPL?

Explanation: The Board of Control for Cricket in India has appointed Chirayu Amin as interim chairman of the Indian Premier League following the suspension of Lalit Modi.

Why was BCCI banned in Lalit?

Former Indian Premier League (IPL) commissioner Lalit Modi has been banned for life by the country’s cricket board for “indiscipline and misconduct“. The decision was taken at a special meeting of the Board of Control for Cricket in India (BCCI) in the southern city of Chennai on Wednesday.

Is IPL salary per year?

– All salaries are per season. So if a player is bought for Rs 10 Crore, he is paid that amount for one season’s appearance. So, in case it’s a three year contract, he will be paid Rs 30 Crore (Rs 10 Cr per season, depending on availability).

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