Thursday, August 11, 2011

Fastest growing billionaire in a poverty stricken Nation.

                 A Common youth  has picture perfect of Dhirubhai Ambani, Tata's and few others as fastest growing billionaire in India as their role model . Let me acknowledge  one of most fastest growing billionaire of recent times. He is from Moradabad (Uttar Pradesh)  and very low profile personality. Too tough to guess ?? ...Robert Vadra ..heard of , You might have, yes i am talking about Priyanka Gandhi's husband and Sonia's son-in-law. His meteoric rise in last five year has been inspiring and  not much talked about even in media . Any Media person listening, you are missing a spice of a news or it is to be ignored ?

                  Priyanka Gandhi , daughter of Late Mr. Rajiv Gandhi fell in for Robert Vadra  around 1997 . This marked a important turning point in Life and Career of Robert as well as Vadra Family. Robert Vadra''s brother , sister and mother met with different accidents and lost their life in early decade. In 2009, Robert's father committed suicide , reason still not clear.

                Robert's family had a business based out of Moradabad. He owned a Jewellary designing firm Artex since early decade. Surprisingly since 2008 , his business has expanded  manifold. He owns hotels(Hilton) in Delhi, a major stake in 2G Scam hit firm Unitech and DLF Robert's family had a business based out of Moradabad. He owned a Jewellary designing firm Artex since early decade. Surprisingly since 2008 , his business has expanded  manifold. He owns hotels(Hilton) in Delhi, a major stake in 2G Scam hit firm Unitech and DLFRobert Vadra’s entry into the real estate business has been accompanied by a partnership with the country’s largest realty firm, DLF Ltd, a staggering feat by any standards (The Economic Times, 14 March 2011). Hitherto known for the export of faux jewellery and handicrafts, the 42-year-old Vadra quietly switched lanes in 2008, buying up land in Haryana and Rajasthan, a 50% stake in a leading business hotel in Delhi, and attempting to enter the business of chartering aircraft, a quantum jump that certainly merits an explanation.
                 Vadra seems to have floated a number of companies, some of which have received unsecured loans from the DLF group companies, including the Bombay Stock Exchange-listed flagship DLF Ltd. Readers may recall that during investigations into the Spectrum Scam, the CBI found that a number of non-entity (shell) companies had received and passed on unsecured loans that ended up in Kalaignar TV! It believes these were bribes received against the sale of spectrum at throwaway prices, and that the loans would ultimately be cancelled as ‘bad debt’ and the slate wiped clean. Thus, Vadra’s receipt of unsecured loans certainly merits a probe. Not only this he also owns a Antique showroom back in Italy .  When asked about joining politics , he says - "I want to be remembered as Entrepreneur and Businessman" . Well said Robert , you are inspiration for many UNMARRIED entrepreneurs  . 

               Seems its all family business, One does some Scams , his wife step-in and overshadows scams (like Bofors). Wife is making sure that her Son steps into Politics with all guns blazzing (famous Ravi Shastri idiom :D), so that he can rule the nation comfortably for decades to comes. On the Other , She is also making sure that her other son and her family becomes financially stable enough to live lavish life in coming decades. All in a family.Happy Family! 

Media / News Channel ..Listening??

References:
2) Youtube  (Video has been removed, anyone can view from US/Europe proxy)