Owner of several hundred crores, Raj Kundra is caught by the ED; his ventures extend beyond the IPL team to real estate

Actress Shilpa Shetty's husband Raj Kundra is once again in the headlines. On Thursday, the ED i.e. Enforcement Directorate seized his assets worth Rs 97.79 crore. These also include the Juhu bungalow of Raj Kundra and Shilpa Shetty, where the couple lives with the family. This house of Raj Kundra is in the name of Shilpa Shetty.

According to ED, this action has been taken against Raj Kundra in a case related to a Bitcoin scam. Raj Kundra is counted among the richest businessmen. From steel plant to construction, he has established himself in many businesses. Amidst this action of ED, Raj Kundra's property has once again become a topic of discussion. Let's take a look at his net worth...

Raj Kundra was born in a migrant family in London. After moving from Punjab to London, his parents were settled there. Raj Kundra's family did, however, face significant difficulties at first. In London, his father operated buses. Raj Kundra entered the business world at an early age. He travelled to Dubai and Nepal when he was eighteen years old, having left London. This is how Raj Kundra began supplying UK fashion retailers with Pashmina shawls. He began to make lakhs of rupees with this venture.

Raj Kundra moved to Dubai in 2007 and established his own company, Essential General Trading LLC. His company works on projects related to precious metals, construction, mining and renewable energy. Raj Kundra also invested money in Bollywood. Started investing in the production of many films. Last year he also entered the world of acting.

Raj Kundra handles many businesses simultaneously and also has many companies in different fields. According to the news of Lifestyle Asia, Raj Kundra's net worth is Rs 2800 crore. Along with this, he is included in the list of the world's richest British Asian businessmen. He is the owner of Groupco Developers, TMT Global, Vivaan Industries, JL Stream Private Limited and many other companies.

Raj Kundra is also the co-founder and co-owner of IPL team Rajasthan Royals. He has spread his business in many industries including steel plant, fashion industry, real estate, construction, and foreign exchange investment, which is also flourishing.