Kumar Birla Net Worth

Kumar Birla net worth

Current Net Worth$16.0 Billion (USD – 1,600 Crores), (Rupees – 1.20 Lakh Rupees)

Kumar Birla short biography

Net Worth$16.0 Billion
BornJune 14, 1967 (Age – 53)
Identified asIndian Billionaire Industrialist
StatusChairman of Vodafone Idea Limited & Aditya Birla Group
Education Bachelor of Arts/Science, University of Bombay; London Business School, Master of Business Administration
NationalityIndian
ResidenceMumbai, India
Spousal statusMarried (Neerja Birla – M. 1989)
Children3 (Daughters – Ananyashree, Advaitesha & Son – Aryaman Vikram)
Kumar Manglam Birla short biography

Kumar Birla has a net worth of $16.0 Billion (Rupees – 1,20,386 Rupees), which increased by around $6.4 Billion from April 2020.

The Indian billionaire industrialist, Kumar Mangalam Birla, is the chairman of the Aditya Birla Group, one of India’s largest conglomerates.

He is also the Chancellor of the Birla Institute of Technology and Science and the President of the Delhi Indian Institute of Technology and the Ahmedabad Indian Institute of Management.

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Kumar Birla biography

Kumar Birla Net Worth
Kumar Birla Net Worth (Image Source – GettyImages)
Full NameKumar Mangalam Birla
BirthplaceCalcutta, West Bengal, India
Height5,8 feet, 172 cm
Weight75 Kg
FatherAditya Vikram Birla
MotherRajashree Birla
Kumar Birla Biography

Kumar Mangalam Birla was born on 14 June 1914, Birla is a fourth-generation member of the Rajasthan state’s Marwari Birla family.

Education

The University of Mumbai College of Commerce and Economics, and an MBA degree from the London Business School, where he is an honorary fellow.

Career

Kumar Birla Net Worth
Kumar Birla Net Worth (Image Source – GettyImages)

In 1995, at the age of 28, following the death of his father, Aditya Vikram Birla, Birla took over as chairman of the Aditya Birla Group.

The group’s annual turnover rose from US$3.33 trillion in 1995 to US$48.3 billion in 2019 during its time as chairman.

Birla lost $3.1 billion between 2017 and 2019, according to the Bloomberg Billionaires Index, with its net worth reduced to $6 billion.

The key explanation for this decline is the “financial distress” faced by Vodafone Idea Ltd, in addition to the drop in the “shares of flagship firms that produce chemicals, metals, and cement.”

The fourth-generation head of the storied $48.3 billion (revenue) Aditya Birla Group is commodity king Kumar Birla.

The interests of the company range from cement and aluminum to telecommunication and financial services.

His telecom company, Vodafone Idea, was renamed Vi, created by the merger between his Idea Cellular and Vodafone India in 2018.

Private & early life

Kumar Birla Net Worth
Kumar Birla Net Worth (Image Source – GettyImages)

Kumar Manglam Birla is married to Neerja Birla in 1989.

When his father, Aditya Birla, died in 1995, Birla inherited the family empire at the age of 28.

He is also a Chartered Accountant at the Indian Chartered Accountants Institute (ICAI).

In October 2019, the European Commission approved the acquisition of $2.6 billion by its aluminum producer, Novelis of Aleris, in Ohio.

Controversy

Kumar Birla Net Worth
Kumar Birla Net Worth (Image Source – GettyImages)

In India’s coal allocation scam, an infamous political scandal that traced its roots to the illegal allocation of coal blocks between 2004 and 2009, the name Birla significantly emerged.

In 2013, the Central Bureau of Investigation accused Birla of “influencing the then coal secretary to allocate the block, Talabira II in Orissa, to Hindalco, when it was intended for public allocation only.”

The investigative agency reported that in 2005 the block was allocated to Neyveli Lignite and Mahanadi Coalfields (both PSUs), but sometime in the middle of the year, Birla met Parekh, after which the previous screening committee decision was reversed and Hindalco and the two were also accommodated.

In 2014, CBI filed a closure report against Birla after the Modi Government came to power.

In 2016, the opposition leader Rahul Gandhi accused Birla’s firm of paying bribes to Narendra Modi, the then Gujarat Chief Minister. However, allegedly, when FIR was filed against Birla in the Coal Blocks allocation scam in 2013, Mr. Gandhi was “upset” at CBI.

The Birla Group did not make any donations “after being its top donor with a donation of Rs 36.4 crore between 2004-5 and 2011-12.” to the Rahul-led Indian National Congress in 2012-13.

Birla was eventually appointed by the government of Narendra Modi-led BJP as Chairman of the Indian Institute of Management Ahmedabad as well as the Indian Institute of Technology Delhi Board of Governors (in 2016) and a non-official independent director of Air India (in 2018).

Net worth statistics

  • March 2011 – $9.2 B
  • March 2012 – $8.0 B
  • March 2013 – $7.9 B
  • March 2014 – $7.0 B
  • March 2015 – $9.0 B
  • March 2016 – $6.1 B
  • March 2017 – $9.5 B
  • March 2018 – $11.8 B
  • March 2019 – $11.1 B
  • April 2020 – $7.6 B
  • April 2021 – $12.8 B

Kumar Birla Quote

“One feels very blessed to be born into a family like the Birla family, which is a household name in India, which stands for tradition, is yet contemporary, stands for trust.”

– Kumar Birla
Kumar Birla Net Worth
Kumar Birla Net Worth (Image Source – GettyImages)

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