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Amitabh Bachchan Rebuilt His Fortune from Debt to Rs 4000 Crore Net Worth
Developing
In Short: Amitabh Bachchan, once Rs 90 crore in debt, turned his fortunes around by founding Amitabh Bachchan Corporation Limited.
Amitabh Bachchan, one of India's biggest stars of the 1970s, found himself in a Rs 90 crore debt crisis in the late 1980s and early 1990s.
In the 1990s, Bachchan founded Amitabh Bachchan Corporation Limited (ABCL) to diversify his income sources and rebuild his fortune.
Bachchan attributes his financial troubles to being a personal guarantor in several deals, which he now views as a poor decision.
During this period, Bachchan's son, Abhishek, was studying in Boston, USA, while Bachchan himself signed for Yash Chopra’s film 'Mohabbatein' and hosted the first season of 'Kaun Banega Crorepati' in 2000.
Bachchan took a break from the film industry in the 1980s to pursue a political career, returning to find a drastically changed Bollywood landscape.
Despite the setbacks, Bachchan has remained a dominant figure in the Indian entertainment industry, with a net worth estimated at Rs 4000 crore.
What's still developing
- After a dull start, Bachchan became the biggest star of the 1970s and despite a few hiccups, he was one of the only stars who could unite an entire country.
- While speaking about how he landed in that situation, Bachchan said that he and his wife Jaya were personal guarantors in a lot of the deals, which turned out to be a bad decision in hindsight.
- And Amitabh Bachchan remains the biggest star of them all who has reigned over decades and generations.