⬅ # 337 Bruce Kovner|# 339 Igor Olenicoff ➡

# 338 Vikram Lal 

$8.52B

Real Time Net Worth
as of 12/11/2024
$7.8M (0.09%)

# 338 Vikram Lal 

$8.52B

Real Time Net Worth
as of 12/11/2024
$7.8M (0.09%)
OccupationOwner, Eicher Motors
Source of WealthMotorcycles
Age82
ResidenceDelhi, India
Marital StatusMarried
Children3
Age-Adjusted Net Worth$1.92B
Vikram Lal
Vikram Lal
India
Net worth: $8.52B

Self-Made Score 

Breitling Superocean Titanium with Yellow Dial 48mm Mens Watch

Wealth History

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Biography

Overview

Vikram Lal was born in 1942 in India.
He studied mechanical engineering at Technische Universität Darmstadt.
In 1966, he joined Eicher India, the family business established by his father.
His father, Man Mohan Lal, founded a tractor shop called Goodearth in 1948.
Eicher Motors, founded by Vikram Lal, is an Indian commercial vehicle manufacturer based in New Delhi, India.

Career Highlights

Under Vikram Lal's leadership, Eicher Motors expanded into manufacturing iconic Royal Enfield motorbikes.
Eicher Motors, with three factories in India, sold over 800,000 bikes in the fiscal year ended March 2023, marking a 38% growth from the previous year.
Eicher Motors diversified its operations by establishing a joint venture with Sweden's Volvo to produce trucks and buses.
The company, originally focused on tractors, started in 1959 as the Eicher Tractor Corporation of India Pvt. Ltd., a joint venture with a German tractor manufacturer.
Vikram Lal's son, Siddhartha Lal, succeeded him as CEO of Eicher Motors.

Family and Philanthropy

Siddhartha Lal, Vikram's son, is the current CEO of Eicher Motors.
Vikram's daughter, Simran, oversees operations at Goodearth.
In his retirement, Vikram Lal is actively involved in volunteering at his Goodearth Education Foundation.

Challenges and Controversies

In April 2019, Siddhartha Lal stepped down as CEO but remained managing director. His proposed salary hike faced opposition from shareholders in August 2021.

Vikram Lal's Wealth is Equivalent to:

6,558,891 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,612,110 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

87,076 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Vikram Lal?

If you started with $10,000 and invested an additional $500 each month at a 43.53% CAGR, it would take you 5 years to reach Vikram Lal's net worth of $8.52B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 63.87% compared to 28.04% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Vikram Lal is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Vikram Lal, Motorcycles is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey