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First Post
2 days ago
- Business
- First Post
Vijay Mallya reveals he 'wanted RCB to be more than a cricket team', says 'biggest pride was spotting Virat Kohli'
In a four-hour conversation with popular YouTuber Raj Shamani, fugitive businessman Vijay Mallya revealed the idea behind acquiring the Bengaluru franchise ahead of the inaugural IPL season in 2008 and his first impressions of future superstar Virat Kohli, who has remained loyal to the team ever since. read more Vijay Mallya might be a fugitive on the run, but that hasn't stopped him from appearing on a popular podcast where he opened up on a variety of topics – from the failure of Kingfisher Airlines to acquiring the Indian Premier League franchise Royal Challengers Bengaluru. Former businessman Mallya, who is accused of defaulting loans worth over Rs 9,000 crore and is currently fighting New Delhi's request for extradition in the United Kingdom, issued a rare apology for the failure of Kingfisher Airlines , denied accusations of theft and offered his take on why he left India nearly a decade back and has been on the run ever since during a four-hour conversation with popular YouTuber Raj Shamani. STORY CONTINUES BELOW THIS AD Mallya, who had been nicknamed the 'King of Good Times' for his flamboyant lifestyle, also opened up on acquiring RCB ahead of the inaugural edition of the Indian Premier League in 2008, revealing that he had bid for three franchises including Mumbai Indians. 'I was very impressed with the pitch that Lalit Modi made to the BCCI committee about this league. He called me one day and said ok, teams are going to be auctioned. Are you going to buy it? So, I bid from three franchises, and I lost Mumbai by a very small amount of money,' Mallya said on the latest episode of Figuring Out With Raj Shamani that was posted to the Google-owned video-sharing platform on Thursday. 'When I bid for the RCB franchise in 2008, I saw the IPL as a game-changer for Indian cricket. My vision was to create a team that embodied the spirit of Bangalore—vibrant, dynamic, glamorous. I paid $112 million, the second-highest bid, because I believed in the potential. I wanted RCB to be a brand that stood for excellence, not just on the field but off it too. That's why I tied it to Royal Challenge, one of our top-selling liquor brands, to give it that bold identity,' the former chairman of United Spirits Limited added. Mallya, who was a regular at RCB's matches along with his son Siddharth before leaving India, added that he wanted the franchise – which enjoys a huge fan following and a brand value that rivals that of five-time champions Chennai Super Kings and Mumbai Indians –to be 'more than a cricket team'. STORY CONTINUES BELOW THIS AD 'I wanted RCB to be more than a cricket team. It was about creating a lifestyle brand. The after-parties, the cheerleaders, the fan engagement—it was all deliberate to make RCB the most exciting franchise. Kingfisher and Royal Challenge were sponsors, so we leveraged that to make every match an event. People called it flashy, but it was strategic. Bangalore loved it, and RCB became the city's heartbeat,' he added. 'My inner instinct told me he was special': Mallya on Kohli The podcast was released a couple of days after RCB ended a 17-year wait for a maiden IPL title with a six-run victory over Punjab Kings in the final at Ahmedabad's Narendra Modi Stadium. The Royal Challengers had finished runners-up thrice in the past – in 2009, 2011 and 2016 – before conquering the final hurdle on Tuesday. Virat Kohli stayed loyal to the Royal Challengers Bengaluru throughout his career and finally fulfilled his dream of lifting the IPL trophy on Tuesday. AP The victory was a cathartic moment for batting superstar and former India and RCB captain Virat Kohli, who had stayed loyal to the franchise from the very first IPL season , and finally got to lay his hands on the glittering trophy after all these years. Mallya recalled that while picking Rahul Dravid as the franchise's icon player was a no-brainer, his 'biggest pride' was spotting a young Virat Kohli, who had led India to victory in the U-19 World Cup just a couple of months before the first IPL match, as a future star. STORY CONTINUES BELOW THIS AD 'I handpicked players who could make RCB a powerhouse. My biggest pride was spotting Virat Kohli, a youngster from the Under-19 World Cup team. My inner instinct told me he was special, and I bid for him,' Mallya continued. 'Getting Rahul Dravid as our icon player was a no-brainer—he was Bangalore's pride. We also brought in global stars like Jacques Kallis, Anil Kumble, and Zaheer Khan. I wanted a mix of local heroes and international flair. My dream was to bring the IPL trophy to Bangalore, and I built the team with that goal. 'Shortly before the actual selection process, they were playing the U-19 World Cup, and I was very impressed with him. So, I picked him, and it's wonderful, 18 years later, he is still there. He was a young kid at that time when I got him, but you know, full of energy, great talent, and you know, one of the greatest Indian cricketers ever,' he added. STORY CONTINUES BELOW THIS AD IPL history, however, would have been vastly different had the Delhi Capitals (then Daredevils) not overlooked Kohli in favour Pradeep Sangwan, a left-arm pacer who also happened to hail from the National Capital. In a recent interview on Cricbuzz, Virender Sehwag – captain of the Delhi franchise in its early years – revealed that Kohli did not get to represent his hometown in the IPL due to a stacked batting department that included future RCB teammate AB de Villiers. Delhi's historic decision allowed RCB to snap up the 2008 U-19 World Cup-winning captain, which marked the beginning of a journey that has completed 18 seasons and is still going strong.
Hindustan Times
07-05-2025
- Entertainment
- Hindustan Times
Karan Johar shuts down rumours that Ozempic and Mounjaro aided his drastic weight loss at 52: 'I am tired of it'
Filmmaker Karan Johar's drastic weight loss has been a hot topic since last year, and some on social media have speculated that he opted for Ozempic to lose extra kilos. Amid all this, on the May 6 episode of the Figuring Out With Raj Shamani podcast, the filmmaker once again clarified that his weight loss was not the result of Ozempic — the drug helps treat type 2 diabetes, and weight loss is its prominent side effect. Also read | Karan Johar reveals secret behind impressive transformation at 52 Karan Johar reacts to people asking 'are you on Ozempic, Mounjaro', opens up about body dysmorphia. (File Photo/ PTI) Asked to talk about his 'insanely reduced' look, Karan Johar said in Hindi, 'I have always been battling the bulge. I have tried a thousand different diets and 500 workouts. Nothing worked. After years of combatting, I did some blood tests and realised the issues I had, with my thyroid etc. Now people keep asking me 'Are you on Ozempic, Mounjaro?' and I am tired of it. They have no idea about the truth, and I don't want to share it. I know I am healthy and lighter and I have never ever felt more confident in my skin… this is the firest time… after 52 years.' Feeling embarrassment and shame over his body Karan further said, 'Otherwise I have body dysmorphia, it is when you are ashamed of your body and you get awkward seeing yourself naked, you have issues with your body. I struggle with that even today. When I used to go swimming, I would jump into the pool in two seconds, I was so conscious. I never went for saunas, and even after all this weight loss, I just can't do that even today… everyone feels a little uncomfortable with their body at some point, but unless you have body dysmorphia, you don't hate your body, it does not give you the ick. Mujhe ghinn aati hai, main apne aap ko dekh hi nahi sakta bina kapdo ke (I hate my body without clothes and just cannot see it like that). I suppose people seek therapy for body dysmorphia, but I have not opted for any treatment... you keep hiding your body because you are ashamed of it.' Karan further highlighted how body dysmorphia can have significant emotional repercussions, including negative self-perception and self-criticism which can lead to low self-esteem, impacting relationships and intimacy. According to Mayo Clinic, body dysmorphic disorder is a mental health condition in which you can't stop thinking about one or more perceived defects or flaws in your appearance — a flaw that appears minor or can't be seen by others. You may feel so embarrassed, ashamed and anxious that you may avoid many social situations. When you have body dysmorphic disorder, you intensely focus on your appearance and body image, repeatedly checking the mirror, grooming or seeking reassurance, sometimes for many hours each day, according to Mayo Clinic,. Your perceived flaw and the repetitive behaviours cause you significant distress and impact your ability to function in your daily life. Note to readers: This article is for informational purposes only and not a substitute for professional medical advice. Always seek the advice of your doctor with any questions about a medical condition.
Yahoo
08-04-2025
- Business
- Yahoo
Phoebe Gates says her father, Bill Gates, wouldn't let her drop out of college to start a business like he did
Phoebe Gates says her father, Bill Gates, wanted her to finish college before starting a business. Gates said she found it "funny" since that's exactly what he did — he dropped out of Harvard to found Microsoft. Bill Gates previously said his kids would stand to inherit less than 1% of his wealth. Bill Gates famously dropped out of Harvard to start Microsoft, but that doesn't mean he supports the idea of his daughter, Phoebe Gates, not finishing college. On her new podcast, "The Burnouts," — in which she and her cohost Sophia Kianni discuss the journey of launching their digital fashion startup, Phia — Gates spoke about how her parents reacted to her wanting to start a business. The premiere episode of the podcast aired on April 1. "I literally never hear my dad talk about the start of Microsoft," Gates told Kianni. "I literally mostly just remember him talking about the foundation. I remember me wanting to start the company and him being like, 'Are you sure you want to do this?'" Gates is the youngest daughter of Bill Gates and Melinda French Gates, who divorced in 2021 after 27 years of marriage. She has two older siblings, Jennifer and Rory. Gates said her parents were "really cautious" when she mentioned the idea of dropping out of college. "They were very much like, 'You need to finish your degree; you don't just get to like drop out and do a company.' Which is so funny because my dad literally did that and that's like the reason I'm able to go to Stanford or have my tuition paid," Gates said. Gates also said on the podcast that she always felt a strong need to prove herself — especially when she entered Stanford — because of her background. "I came in, I was like, 'I'm so privileged, I'm a nepo baby,'" she said. "I had so much insecurity around that, and I feel like it's so hard when you're a freshman in college because you have no experience. You have nothing." Gates graduated early with a degree in human biology last year. "I knew I had to make it happen if I could, because I wanted to watch my mother deliver this year's commencement speech as a graduate," Gates told Nylon in an interview in June. Phia, her startup, is still in the pre-launch stage. The platform's official website promises "a new way to shop online." Not much more information is available. On a recent podcast, Bill Gates said his kids would inherit less than 1% of his wealth. "You know, in my case, you know, my kids got a great upbringing and education but, you know, less than 1% of the total wealth. Because I decided it wouldn't be a favor to them," Bill Gates said in a March 29 appearance on the "Figuring Out With Raj Shamani" podcast. "You know, it's not a dynasty. You know, I'm not asking them to run Microsoft. I want to give them a chance to have their own earnings and success, you know, be significant and not overshadowed by the incredible luck and good fortune I had," he said. Bill Gates' net worth is $149 billion, making him the sixth-richest person in the world, according to Bloomberg's Billionaires Index. Bill Gates' private office and Phoebe Gates did not immediately respond to requests for comment from BI. Read the original article on Business Insider
Yahoo
03-04-2025
- Business
- Yahoo
Bill Gates Says His Children Would Inherit Less Than 1% Of His Fortune: 'I Am Not Asking Them To Run Microsoft'
Billionaire Bill Gates disclosed during a podcast interview that his children will inherit less than 1% of his total wealth. What Happened: Gates, during a podcast, Figuring Out With Raj Shamani, shed light on his personal beliefs regarding wealth distribution in affluent families. He stated, 'In my case, my kids got a great upbringing and education but less than 1% of the total wealth because I decided it wouldn't be a favor to them.' The co-founder of Microsoft Corp. (NASDAQ:MSFT) expressed his wish for his children to carve their own paths to success, without being 'overshadowed by the incredible luck and good fortune [their father] had.' "I'm not asking them to run Microsoft. I want to give them a chance to have their own earnings and success."Trending: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – He emphasized the importance of parental love and support and shared his philosophy of treating his children equally and providing them with incredible opportunities. Gates also highlighted that the highest use of his resources is to support the neediest through his foundation. Gates addressed misconceptions about his influence, noting that wealth and power often breed assumptions of grand schemes. "Hopefully, for the people who actually know me, it's very different," he said, emphasizing his love for foundation work and family. Speaking about his mistakes, Gates spoke about public mistakes, like Microsoft's failed phone OS, and ongoing challenges, such as the elusive HIV vaccine or polio eradication. However, he respects differing views. His decision to leave less than one percent of his wealth to his kids was a deliberate choice, ensuring they carve their own paths without being overshadowed by his success. This trend is common among influential tech families, including Apple (NASDAQ:APPL) founder late Steve Jobs and Amazon's (NASDAQ:AMZN) Jeff Bezos, who say they prioritize philanthropy over passing down generational wealth. As of December 2024, Forbes reported Gates' net worth is nearly $104.7 billion — 1% of that net worth would be $1.04 billion. In the past, Gates had mentioned that his children would each receive a gift of $10 million, stating that giving them more wouldn't do them any favors. It's unclear if his current stance of leaving less than 1% of his wealth to his children reflects a change in his preferences. Read Next: Are you rich? Here's what Americans think you need to be considered wealthy. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Bill Gates Says His Children Would Inherit Less Than 1% Of His Fortune: 'I Am Not Asking Them To Run Microsoft' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
31-03-2025
- Business
- Yahoo
Bill Gates says his children will inherit ‘less than 1%' of his wealth
cofounder Bill Gates plans to leave his children less than 1% of his wealth, believing it's better for them to find their own success than inherit vast fortunes. This trend is common among influential tech families, including Apple founder Steve Jobs and Amazon's Jeff Bezos, who say they prioritize philanthropy over passing down generational wealth. Like a handful of other billionaires, Bill Gates is open about the fact that his children won't inherit the vast majority of his wealth. In fact, they'll get less than 1% of it. However, when you're the man who founded Microsoft, even a fraction of your net worth still represents more than a billion dollars. According to the Bloomberg Billionaire's Index, Gates is worth $162 billion—1% of that net worth is $1.62 billion. So while the three Gates children won't be worth as much as their father, their assets are still likely to place them in the top 1%—defined by global real estate consultants Knight Frank as someone worth $5.8 million or more. Speaking to the Figuring Out With Raj Shamani podcast this week, Gates said the inheritance decisions of wealthy families come down to their personal beliefs. "Everybody gets to decide on that," Gates began, adding: "In my case my kids got a great upbringing and education but less than 1% of the total wealth because I decided it wouldn't be a favor to them. "It's to a dynasty, I'm not asking them to run Microsoft. I want to give them a chance to have their own earnings and success." Gates previously told the Daily Mail he would be gifting his children $10 million each, saying it wouldn't do them any favors to give them more. Whether his preferences have changed since then to reflect 1% of his wealth isn't clear. Speaking to Shamani this week, Gates added that he wanted his children to be "significant" in their own right and not "overshadowed by the incredible luck and good fortune [their father] had." He added: "You don't want your kids to ever be confused about your support for them and your love for them. So I do think explaining early on your philosophy: that you're going to treat them all equally and that you're gonna give them incredible opportunities, but that the highest calling for these resources is to go back to the neediest through the foundation." Gates' children have watched their parents work on causes such as polio, water sanitation, and vaccines against deadly diseases, to name a few—endeavors which their father hoped they would be "proud" of. He added: "I've seen cases where kids actually tell their parents to be more philanthropic. I think the younger generation sometimes actually is pushing against this idea of the wealth just being passed down." Gates isn't the only tech titan who hasn't planned on passing his enormous wealth to his children. Laurene Powell Jobs, wife of the late Apple founder Steve Jobs, said the billions she inherited from her husband won't be passed on to the three children they shared. Jobs, estimated to have been worth approximately $7 billion when he died in 2011, "wasn't interested" in building legacy wealth, his wife told the New York Times in 2020. 'I inherited my wealth from my husband, who didn't care about the accumulation of wealth,' she said. 'I am doing this in honor of his work, and I've dedicated my life to doing the very best I can to distribute it effectively, in ways that lift up individuals and communities in a sustainable way. 'If I live long enough, it ends with me.' Amazon founder Jeff Bezos has similarly said he will be donating the vast majority of his wealth to charity as opposed to leaving it to his four children. Gates added that this approach is becoming the norm among tech titans: "I think people who've made fortunes from technology are less dynastic. "So they'll take their capital and give a lot of that away. You can have the view of giving away your capital or just giving away your earnings. I love all philanthropy but the tech sectors, they're probably the most aggressive about giving most of it away." This story was originally featured on Sign in to access your portfolio
