In the words of prominent United States, radio host, Bernard Meltzer, “The real measure of your wealth is how much you’d be worth if you lost all your money.” Apparently, most people fail to understand this quote. With many rich locals and overnight billionaires flaunting their wealth on social media, amidst the pandemic where regular people are suffering due to pay cuts and retrenchment from their jobs, it’s to no doubt something that happens overseas too, in foreign countries. One such person, is an Indian businessman, Bavaguthu Raghuram Shetty or better known as B.R Shetty.
Now, B.R Shetty is an example of a billionaire who actively flaunts his luxurious lifestyle. This self-made billionaire, who used to sell Nivea products and became a rich businessman after the success of his business, reportedly owns a whopping amount of $3.15 billion (RM13.18 billion) in assets, according to Forbes in 2019. He was also listed as one of the richest individuals in India.
Funnily enough, he assumed that the money that he had would not decrease. As such, B.R Shetty soon started changing his lifestyle abruptly and started splurging on luxurious items. Now, B.R Shetty has been stumped by a huge dilemma in his life where a firm decided to reveal that his company has financial issues and he has a total accumulation of $4 billion (RM16.74 billion) in debt! This has subsequently resulted in him losing a lot of money and he’s also been banned from entering the United Arab Emirates. This sounds pretty serious, don’t you think?
Well, sad stories aside, here’s all you need to know about the list of assets that B.R Shetty has to date!
Disclaimer: Huge shock ahead!
During his tenure as one of India’s richest businessmen, B.R Shetty had reportedly bought two duplex apartments in the tallest building in the world — The Burj Khalifa! That’s not all! He has also reportedly bought all the units on the 100th and 140th floor. The total expenditure for this apartment would be $25 million (RM104.61 million). He also claimed that he bought that apartment because it had a fancy address.
A Party King Who Owns A Variety Of Luxurious Cars
B.R Shetty is also reportedly a party lover and he’s always held large-scaled parties. There seems to be a love towards premium cars too since he does own premium cars such as a Rolce Royce Phantom and Mercedes Maybach S600. Let’s also not forget his collection of vintage cars and a few other cars in India which he rarely drives.
Shareholder In A Private Jet
Now, although this might be common among the rich, but B.R Shetty does not travel with other airplane travellers hence, he uses his private jet. He splurged around $4.2 million (RM17.57 million) just to hold about 50% of the shares of a private jet owned by a successful businessman in Oman.
The Current Scenario
Since his huge debt made headlines, B.R Shetty has stopped splurging and has cut down on his luxurious expenditures. Anyways, hopefully this would serve as a reminder to everyone out there to stop spending like kings and save more, for rainy days ahead.
Source: The Vocket