How Vivek Oberoi amassed Rs 1200 cr net worth: Investments in real estate, lab diamonds, premium gin, ed-tech

Talking about his lab grown diamond business called Solitario, Vivek Oberoi said that the company made revenue in the range of Rs 95-100 crore in the last fiscal year. The company now operates in 8 countries and 25 cities. He mentioned that his idea with this company is to create a “fine Indian jewellery” brand. “You always see ‘fine Italian jewellery’ or ‘fine French jewellery’, but never ‘fine Indian jewellery’ — even though all of those jewels are made in India,” he said and added that he laid down the vision for the company from the time when it was a “mom and pop shop”. He also spoke about his premium gin brand, currently valued at around 30 million pounds. Vivek owns a 21% stake in the company, making his investment worth approximately Rs 71 crore.

Previously, Vivek shared that he also owns a business that finances students’ fee and said that this business was valued at Rs 3400 crore. On Franchise India’s YouTube channel, Vivek said, “I set up a start-up which was into education fee financing, non collateralised. It became very big. We reached 12,000 schools, colleges, and universities through a B2B network. But then we connected to the customer, and owned that data. We got to know our customer directly, which was 45 lakh individuals who were going to school or college. That was very rich data, and that’s how the company was valued at almost $400 million (around Rs 3,400 crore).”

In an earlier chat with SCREEN, Vivek Oberoi said that he decided to venture into different channels for earning so he wouldn’t be bullied by those who were more powerful in Bollywood. “It was only around 2009 when I decided I didn’t want to be completely dependent on this and built my economic independence. I didn’t want to be in a situation where a lobby could decide your future. Somebody could bully you into doing something because they controlled things,” he said.

Vivek will next be seen in Masti 4.