Lalit Modi is a well-known Indian businessman and former cricket administrator. As of 2025, his net worth is estimated to be $620 million. Modi is famous worldwide as the founder, first chairman, and commissioner of the Indian Premier League (IPL), one of the most popular and lucrative cricket leagues globally. His career has been a mix of incredible successes and controversies, and he remains an influential figure in Indian business and cricket despite living in exile in London.
Lalit Modi Net Worth
Lalit Modi is a multi-millionaire businessman with a net worth of approximately $620 million in 2025. He made his fortune largely through his role in founding and managing the IPL, which revolutionized cricket in India and worldwide. Apart from his contributions to cricket, Lalit Modi is a significant player in the Indian business landscape, managing Modi Enterprises and other ventures.
| Year | Net Worth (in million $) |
|---|---|
| 2025 | 620 |
| 2024 | 600 |
| 2023 | 585 |
| 2022 | 550 |
| 2021 | 530 |
| 2020 | 510 |
| 2019 | 490 |
| 2018 | 470 |
Lalit Modi owns multiple properties in India and abroad, including luxury homes in London, Delhi, and other locations. Despite living in exile, he maintains his business empire and personal assets efficiently.
He is also known for his extravagant car collection, which includes some of the most expensive and rare luxury cars such as:
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Ferrari 488 Pista Spyder
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Lamborghini Gallardo
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McLaren 720S
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Rolls Royce Phantom
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Cadillac Escalade
These cars reflect his taste for luxury and passion for high-end automobiles.
Lalit Modi Biography
Lalit Modi was born on 29 November 1963 in Delhi, India, into the prominent Modi business family. His grandfather, Gujar Mal Modi, was the founder of the Modi Group and the industrial town of Modinagar. Lalit’s father, Krishna Kumar Modi, expanded the family business significantly.
Growing up, Lalit faced security concerns that led to moves to safer places like Shimla and Nainital. He attended Bishop Cotton School and later went abroad for higher education. After dropping out of high school, Lalit moved to the USA in 1983, where he studied at Pace University and Duke University but did not complete a degree.
Lalit returned to India in 1986 and began working on family business ventures. His entrepreneurial journey began in earnest in 1993 when he founded the Modi Entertainment Network. Despite early setbacks, his persistence led him to become a pioneering figure in Indian cricket and business.
Early Life and Education
Lalit Modi attended Bishop Cotton School for his early education and later St. Joseph’s College. However, he was expelled and then moved to the United States, where he studied electrical engineering at Pace University and briefly attended Duke University. Though he did not complete his degree, these experiences helped shape his business acumen.
Career and Achievements
Lalit Modi’s career started in 1993 with the founding of Modi Entertainment Network (MEN), which secured deals with major brands like Disney and ESPN in India. Although these ventures faced challenges, they laid the groundwork for his future successes.
Lalit Modi’s most notable achievement is the creation of the Indian Premier League (IPL) in 2008. The IPL became a global phenomenon, combining sports and entertainment with a lucrative business model. Modi served as the IPL’s first chairman and commissioner, successfully running the league for three seasons until 2010.
In addition to the IPL, Modi was involved with the Board of Control for Cricket in India (BCCI), serving as vice-president from 2005 to 2010. He also chaired the Champions League Twenty20 from 2008 to 2010.
Despite his successes, Lalit Modi’s career was marred by controversies. In 2013, allegations of financial irregularities and misconduct led to his suspension and eventual exile to London. Despite this, Modi continues to manage Modi Enterprises and remains a significant figure in Indian business and cricket circles.
Personal Life
Lalit Modi was married to Meenal Modi from 1991 until their separation in 2018. He has two children: Alia Modi and Ruchir Modi. He maintains a relationship with actress Sushmita Sen, a well-known public figure.
Lalit Modi’s personal interests include luxury cars, cricket, and business innovation. He is known for his ambitious and sometimes controversial approach to both cricket administration and business.
Physical Stats and Other Details
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Full Name: Lalit Modi
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Date of Birth: 29 November 1963
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Age: 61 years (as of 2025)
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Height: 173 cm (5’8″)
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Weight: 70 kg (154 lbs)
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Eye Color: Brown
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Hair Color: Grey
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Nationality: Indian
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Religion: Hindu
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Zodiac Sign: Sagittarius
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Marital Status: In a relationship
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Sexual Orientation: Straight
Social Media Presence
Lalit Modi maintains a presence on social media, although he is not as active as many other public figures due to his exile status. His influence remains strong in cricket and business circles through his ongoing ventures.
Conclusion
Lalit Modi is a complex and influential personality whose contributions to Indian cricket and business have been groundbreaking. As the founder of the IPL, he transformed the cricketing landscape and created one of the most successful sports leagues in the world. Despite facing controversies and legal challenges, his business acumen and vision remain widely respected.
As of 2025, Lalit Modi’s net worth stands at approximately $620 million, reflecting his continued success in managing Modi Enterprises and other business interests from London. He remains a significant figure in the history of Indian cricket and an important player in the business world.
Frequently Asked Questions
Who is Lalit Modi?
Lalit Modi is an Indian businessman and former cricket administrator, best known as the founder of the Indian Premier League (IPL).
What is Lalit Modi’s net worth in 2025?
His net worth is estimated at around $620 million.
What was Lalit Modi’s role in cricket?
He was the first chairman and commissioner of the IPL and served as vice-president of the BCCI.
Why is Lalit Modi living in London?
He is living in exile due to allegations of financial irregularities and misconduct in Indian cricket administration.
What businesses does Lalit Modi run?
He manages Modi Enterprises and other family business ventures.
Does Lalit Modi have children?
Yes, he has two children named Alia Modi and Ruchir Modi.
What is Lalit Modi’s educational background?
He attended Bishop Cotton School, St. Joseph’s College, Pace University, and Duke University but did not complete his degree.
What cars does Lalit Modi own?
His collection includes Ferrari 488 Pista Spyder, Lamborghini Gallardo, McLaren 720S, Rolls Royce Phantom, and Cadillac Escalade.
Is Lalit Modi married?
He was married to Meenal Modi but they separated in 2018. Currently, he is in a relationship.
