How did Sushmita Sen's New Boyfriend Lalit Modi Made his Millions despite being a Fugitive Offender

Former IPL chairman Lalit Modi has been doing the rounds about dating former Miss Universe, and Bollywood Actress Sushmita Sen. Modi, who has been declared a fugitive in the money laundering case, but it has neither affected his lifestyle nor his whopping millions. At this point in time, Lalit Modi's Nwt worth is around 4500 crores even at this time. Also in London, where he currently stays, he also has a magnificent palatial house on the same street.

Fugitive Lalit Modi tweeted on July 14 that he is dating former Miss Universe Sushmita Sen. In such a situation, the question is what does Lalit Modi do, and how does he earn. The answer comes from Lalit Modi's Twitter bio. In this, Modi has described himself as the President of Modi Enterprises.

The total net worth of Modi Enterprises is 12 thousand crores. The company does business in Agro, Tobacco, Pan Masala, Mouth Freshener, Confectionery, Retail, Education, Cosmetic, Entertainment, and Restaurant. Apart from India, Modi Enterprises' business is spread across the Middle East, West Africa, South-East Africa, South-East Asia, East Europe, Australia, South America, and Central America.

At the same time, according to media reports, Lalit Modi's total assets are Rs 4.5 thousand crores (4500 crores). Lalit Modi has three Ferraris which are worth Rs 15 crores.

After fleeing India, Lalit Modi lives in London's iconic five-story mansion at 117, Sloane Street. It is spread over 7000 square feet. This luxurious bungalow has 8 double bedrooms, 7 bathrooms, 2 guest rooms, 4 reception rooms, 2 kitchens, and a lift. Modi has taken it on lease. In 2011, the rent of this house was Rs 12 lakh per month. According to London estate agents, currently, its rent will be more than Rs 20 lakh per month.

In 1993, Lalit Modi, using the money of his family trust, formed his own company named Modi Entertainment Networks ie MEN. MEN formed a 10-year joint venture with Walt Disney Pictures. Under this agreement, MEN was to broadcast some of Disney's content in India, including Fashion TV. In 1995, Modi's company MEN became a pan-India distributor of Walt Disney's company ESPN. The job of Modi's company MEN was to collect money from Indian cable companies in exchange for broadcasting ESPN's programs.

In 1995, he had given the idea of ​​a new 50-over league-based tournament to the BCCI, but it was rejected by the BCCI. This idea was kept in cold storage till 2007 until Subhash Chandra launched a 20-over T20 league named Indian Cricket League ie ICL.

As soon as the ICL came, the BCCI came into action and banned all the Indian players playing in the ICL. After this, in 2008, BCCI launched the Indian Premier League i.e. IPL. Lalit Modi is believed to be the brain behind the launch of IPL. He was the commissioner of IPL from 2008 to 2010.

In its very first year, BCCI earned a whopping $1 billion from media, broadcasting, and other rights, which grew year after year. Recently, the broadcasting rights of IPL for 2023-2027 have been sold by BCCI for about Rs 48,000 crore.