skip to content
Advertisement
Premium

Abhishek Bachchan, who quit college when dad Amitabh went bankrupt, says he will ‘turn heaven and earth upside down’ to not lose money in business

Abhishek Bachchan says that he believes in making conservative bets in business and is not willing to lose money for his passion.

Abhishek Bachchan recently revealed that several directors refused to launch him despite him being the son of Bollywood's biggest actor, Amitabh Bachchan.Abhishek Bachchan recalls facing rejections early on in his career. (Express archive photo)

Abhishek Bachchan, who has been an entrepreneur for many years now, recently spoke about his investments, and said that there was a time when he was signing films just to fund his sporting business. But, he said, that isn’t the case anymore. The actor said that this strategy took the joy out of creative work, and he has decided to put a stop to it. In a chat with CNBC TV18, Abhishek said that he does not believe in valuations when it comes to starting a business.

“I have been pitched several businesses. In the early days, when you were naive, you would get impressed by these numbers. And having run 2-3 successful sporting teams, you realise that projections are just that, they are just on paper,” he said. Abhishek was then asked about his Pro Kabaddi League team, and his earlier comments about using the money he makes in films to fund his business ventures.

The actor said that he has changed this approach. “Thankfully, I have moved on from that thought process. I realised, about 2-3 years into kabaddi and football, that signing innumerable films to finance my love for sport and the business of sport was not something which I was very happy doing,” he said, adding that while this strategy could be sustainable, it wasn’t creatively enriching.

Story continues below this ad

ALSO READ | Rakesh Roshan had mortgaged his house and cars for Kaho Naa Pyaar Hai; Hrithik Roshan recalls heated argument with dad: ‘He gave it back to me’

“It is sustainable, it might not be a lot of fun. And then what happens is that you stop making creative choices, you start making financial choices. And I think in a creative field, that’s harakiri,” he said, and added, “I wanted my films to be a creative choice. Not because I had to fill the bank balance to support my, at that point of time, hobby.”

Abhishek said that he now invests through his “family office” and added, “I started up my family office, streamlined the finances, investment portfolios etc. It’s taken me about seven years, but thankfully, now we have a balance sheet and allocated funds through my family office that I can run a sporting business.” Abhishek shared that he treats his business as his passion, but he is not willing to lose money. “It is a passion for me but it is not something I am willing to lose money on and I will turn heaven and earth upside down to make sure it’s profitable,” he said.

Abhishek quit college in Boston in the 1990s because Amitabh Bachchan’s company ABCL had run into heavy losses. Big B had a debt of Rs 90 crore and Abhishek recalled this phase of their life in a chat with Ranveer Allahabadia. He said, “He had to borrow money from his staff to put food on the table. I just felt morally obliged to be with him. I called him and I said ‘You know, dad, I think I want to leave college half-way and comeback and just be with you, try and help you in whatever way.”

Click here to follow Screen Digital on YouTube and stay updated with the latest from the world of cinema.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement