From Media Mogul To IPL Team SunRisers Hyderabad Owner: Inside Kalanithi Maran's Rs 23,000 Crore Net Worth
It’s that time of year when IPL will take over our lives and discussions will only revolve around it. 10 teams are set to battle it out in the field and eye for the coveted trophy.?
Most teams have a loyal fan following and SunRisers Hyderabad enjoys it in plenty as well.?
Indian billionaire and media mogul Kalanithi Maran is not just the man behind conglomerate Sun Group but also the owner of this glorious team. One of India's most highly compensated business leaders, the owner of SunRisers Hyderabad boasts an impressive net worth. Forbes' list of Indian billionaires ranks him at No. 82, with a substantial fortune totaling $2.85 billion (over Rs 23,000 crore approx).
From A Monthly Magazine To A Media Conglomerate, This Is Kalanithi Maran’s Story
In 1990, Kalanithi Maran initiated his entrepreneurial journey by founding a Tamil monthly magazine called Poomaalai. However, piracy issues led to the magazine's discontinuation in 1992. Undeterred, Maran ventured into the television industry and established Sun TV in 1993. The channel gained rapid success, eventually leading to its listing on the Bombay Stock Exchange (BSE) in 2006. This move enabled Sun TV to raise $133 million (Rs 1,100 crore approx) through the sale of 10 percent of its share capital.?
In 2010, Kalanithi Maran ascended to the rank of the 17th richest Indian, boasting a net worth of 4 billion dollars. Alongside his wife, Kavery Maran, he claimed the top spot in the list of highest-paid business executives among Indians that year.?
Forbes Magazine Named Him The ‘The Television King Of Southern India’
Kalanithi Maran earned the title of Television King of Southern India by Forbes magazine for his extensive media empire. He has? television channels, newspapers, weeklies, FM radio stations, DTH services, and a movie production house. Additionally, he held a significant stake in SpiceJet airline from 2010 to 2015.?
Presently, his net worth stands at Rs 23,633 crore which makes him the 77th richest man in India, as per Forbes.? Kalanithi Maran also topped the Tamil Nadu state list of IIFL Wealth Hurun India Rich List 2019 because of his massive net worth.
Maran Is The Grand Nephew Of Former Tamil Nadu CM M. Karunanidhi
For the unversed, Kalanithi Maran is the grand nephew of Former Tamil Nadu chief minister, M. Karunanidhi, and the son of the former Union Minister of India, Murasoli Maran.?
While his younger brother, Dayanidhi Maran, ventured into politics and served as a former minister, Kalanithi Maran chose a different path by establishing the Sun Group. He completed his schooling at Don Bosco School in Egmore, Chennai, followed by a degree in commerce from Loyola College, Chennai. Later, he pursued an MBA from the University of Scranton. Kalanithi Maran tied the knot with Kaveri, a native of Coorg, and together they have a daughter named Kavya Maran, who serves as the co-owner of SunRisers Hyderabad.
Meet Kalanithi’s Daughter Kavya Maran, The Co-owner of SunRisers Hyderabad
Last year in April, the internet was abuzz with admiration for Kavya Maran, the co-owner of SunRisers Hyderabad. Kavya Maran became a crush for the internet as her photos and clips from matches went viral.?
Kavya Maran is actively engaged in the business operations of Sun TV Network, in addition to her role in managing SRH, according to Telangana Today.
According to Jan Bharat Times, Kavya Maran's net worth is estimated to be 50 million dollars (Rs 409 crore approx).?
From Deccan Chargers To SunRisers Hyderabad!
After the IPL team Deccan Chronicle went bankrupt, SunRisers Hyderabad replaced the team as Deccan Chargers in 2012 and made their debut in 2013. Sun TV Network won the bid for approximately $1.02 million dollars per year for a five-year deal, and the rest is history.
For the latest and more interesting financial news, keep reading Indiatimes Worth.?Click here
