This man once possessed floors in Burj Khalifa, cars & a private jet, only to sell his Rs 12,400 crore company for just Rs 74

Apr 14, 2024 Anita Santosh

Bavagutthu Raghuram Shetty’s ascent and descent have become a widely-known narrative in the business sphere.

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Shetty ventured to the Gulf in pursuit of opportunities, armed with a modest sum of Rs 665.

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Establishing his company in the Gulf, he became the driving force behind NMC Health, the UAE’s largest privately owned health operator.

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Living an opulent lifestyle, Shetty acquired high-end villas and occupied two entire floors in the illustrious Burj Khalifa, spending a staggering Rs 207 crore on this acquisition.

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His possessions extended to a private jet, along with luxury automobiles such as Rolls Royce and Maybach.

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[{"selector":"#anim-9d707639-0642-4a0d-9bbc-4902ff45fb61 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Additional properties in Dubai’s World Trade Centre and Palm Jumeirah added to his impressive portfolio. Shetty even secured a 50 percent stake in a private jet, purchased from a fellow billionaire for Rs 34 crore in 2014. Learn more