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Vivek Oberoi's net worth accelerated to Rs 1200 crore after his move to Dubai, says ‘family voted to stay in the country'
Vivek Oberoi started his journey in the movies in the early 2000s and for many years, while he was largely focused on his acting career, he also built up a business portfolio that has now resulted in the actor's net worth being Rs 1200 crore. In a recent interview, Vivek, who now lives in Dubai and runs his real estate company from there, shared that he first moved out of the country during the pandemic for a short term but soon, the family decided to move there full time. He shared that his family voted on the move and it was then decided that they would be living in Dubai.
In an interaction with the YouTube channel Owais Andrabi: Dubai Property Insider, Vivek called Dubai his 'home away from home' and added, 'I came here during Covid initially. It was supposed to be a short term move and I just loved the experience. I asked my family and democratically the family voted to stay. They said, 'We like it here, we would like to stay here. It's so close to home that we don't feel we are far away'. We fly home for the weekend, fly home every holiday that we get and now slowly, over the last 4 years, this has started feeling more like home.'
Vivek also spoke about the 'incredible positive atmosphere' of Dubai that has apparently helped in the multiplication of his wealth. 'You have complete freedom. Just respect he local laws, respect the local customs and culture, respect the local people and you have no problem. It's a conflict free relaxed space where you can thrive,' he said.
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In an earlier chat with Fortune India, Vivek shared that his luxury real estate company in the UAE is developing assets of around $7 billion and he mentioned that it is a zero-debt company. In the same chat, Vivek revealed that he has invested in a lab grown diamond business, Solitario, and shared that the company made Rs 95-100 crore in the last financial year. He is also invested in a premium gin brand, valued at 30 million pounds, where he owns around 21 percent of the business.
Earlier, on Franchise India's YouTube channel, Vivek said that he is also a part of a business which finances student' fee, which was valued at Rs 3,400 crore. He said, 'I set up a start-up which was into education fee financing, non collateralised. It became very big. We reached 12,000 schools, colleges, and universities through a B2B network. But then we connected to the customer, and owned that data. We got to know our customer directly, which was 45 lakh individuals who were going to school or college. That was very rich data, and that's how the company was valued at almost $400 million (around Rs 3,400 crore).'
While Vivek had been an entrepreneur from a young age, he decided to branch out in 2009 as he did not want to be solely dependent on his income from the movies. He told SCREEN in an earlier chat, 'It was only around 2009 when I decided I didn't want to be completely dependent on this and built my economic independence. I didn't want to be in a situation where a lobby could decide your future. Somebody could bully you into doing something because they controlled things.'
