-
F1 Team Owner Loses Half His Fortune – Sells Clifton Pad For R70 Million
17 Mar 2014 by Jasmine Stone in Real Estate
Times are tough for Vijay Mallya. It’s almost a year since he shutdown his airline and had his name taken off the Forbes billionaires list. The Indian mogul’s estimated net worth has dwindled from $1.4 billion in 2012, to a mere $750 million in October last year. This bad spell has led Mallya to part ways with his R70 million Clifton pad.
Mallya’s luxurious Cape Town property features a glass elevator, porcelain tiles imported from Italy, a walk-in safe and a gym. It even has garage space for four cars, and in Clifton that’s a big deal.
But don’t feel too bad for Mallya, he still has loads of other investments all over the world, including Mabula Game Lodge in Limpopo and the Cape Milner Hotel.
[ Source : CityPress ]
Latest News
-
Game, Seth, Match – Goodbye 2024
Hey Guys - thought I’d just give a quick reach-around and say a big thank you to our rea...
-
Breakfast Of Champions: Hollywoodbets Kenilworth Racecourse Breakfast Gallops Is Back!
[imagesource:CapeRacing] For a unique breakfast experience combining the thrill of hors...
-
Need NYE Plans? Cafe Caprice’s Night Of Enchantment Masquerade Party Could Do The Trick
[imagesource:howler] If you're still stumped about what to do to ring in the new year -...
-
Buckingham Palace Steps In After Staff Christmas Party Spirals Out Of Control
[imagesource:maxandeli/facebook] It's not just in corporate that staff parties get a li...
-
Designer Babies Are Running Into Trouble As Teens, Grappling With Being ‘Experiments’
[imagesource:here] Imagine being born with the weight of your parents’ version of per...
-
-
-
2oceansvibe Partners
-
-
