Subhash Chandra Net Worth $2.4 Billion
Indian media mogul Subhash Chandra is the chairman of Essel Group and according to Forbes has an estimated net worth of $2.4 billion as of March 2013. He is also the 23rd richest person on India’s Most Abundant List and is rated 613th among the entire world’s billionaires. Produced on November 30, 1950 in Hisar, Haryana, India, Chandra brought in his estimated net worth of $2.4 billion with his shares in Zee Entertainment, an Indian television broadcaster, which he founded in 1992 as the first satellite television station in the state. Now, it promises to achieve 650 million views in 168 countries through 32 channels. He now plans to reach one billion viewers. Chandra’s shares in Zee have boosted with last year’s conversion of cable television to digital. Dish TV, the group’s direct-to-house arm has started a price war against rivals by offering 70 channels free to its subscribers in four cities. Naveen, the son of fellow billionaire Savitri Jindal, accused the business of extortion by demanding promotion for favorable coverage. Two managers were detained while Chandra was questioned. The media business denied the claim. Last year, Subhash Chandra purchased around 10% in IVRCL, a listed in infrastructure business which resulted in conjecture of a hostile takeover. He later backed out by selling many of the position in October. He practices Vipassana, a Buddhist meditation technique, and considers the best technique for happiness is to take success in your pace and never to be depressed when you fail.