Flipkart’s co-founder Sachin Bansal has become India’s newest billionaire with his decision to sell 5.5 percent stake in the company to Walmart. The parting is emotional as Sachin Bansal will be just watching and cheering from the outside after cutting all links with the company. Also Read - IPL 2020 Points Table Latest Update After KXIP vs RCB, Match 6: Kings XI Punjab Jump to Top, KL Rahul Takes Orange Cap
In the emotional farewell speech on Facebook. He wrote “I’ll be taking some long time off and focus on finishing a few personal projects which I haven’t been able to find time for. Will catch up on gaming (and see what kids are playing these days) and brush up on my coding skills.” Also Read - KXIP vs RCB Dream11 IPL 2020 HIGHLIGHTS: KL Rahul Slams Century, Spinners Star as Punjab Beat Bangalore by 97 Runs
He along with Binny Bansal started the company as an online bookstore not so long ago in 2007. And today he is all set to leave but not without Rs 7650 crore in his pocket for 5.5 percent stake in the company- which is indeed one of the brightest spots of the whole Flipkart and Walmart deal. While he plans to catch up on gaming and brush up his coding skills here are 7 suggestions on how he can spend the fortune. Also Read - IPL 2020, KXIP vs RCB: KL Rahul Scores The First Century of Season in Dubai
Buy an IT Company
After passing out from Indian Institute of Technology, Delhi, Sachin Bansal did an internship in Amazon. It is where he met Binny Bansal, the co-founder of Flipkart, in 2005. Given his sharp coding skills, Sachin can consider investing in an IT company. To give you an idea NIIT Tech has, currently, the market cap of Rs 6,413 crore. Another company Tata Elxsi has the market cap of Rs7,408 crore. With strong management skills, he can surely take any company to the next level of growth.
He can build another 27-story, 400,000-square-foot Antilla in Bangalore, as according to reports Antilia’s construction cost was between $1 billion (R 6,000 crore) and $2 billion (R 12,000 crore). Antilla is the home of Mukesh Ambani, the richest man in India and chairman of Reliance Industries. After the Buckingham Palace, Antilla is estimated to be the world’s second most expensive building.
Buy IPL Team
He can surely invest in sports and buy different teams be it cricket or Kabaddi. Consider this: the cost of Kolkata Knight Riders, two-time IPL champions, is around Rs 59 crore. Similarly, Kings XI Punjab spent Rs 67crore on its players this season. Sachin Bansal can certainly take time off and pursue his dream in sports.
Can be a Political Candidate
Given that political parties field candidates who are financially powerful, Sachin Bansal can try his luck in politics. According to a report in the newspaper, of the total 82 candidates fielded by three political parties, including Congress, BJP and JD(S), only seven candidates have assets valued at less than a crore of rupees. The rest of them are crorepatis and 13 have a net worth of more than Rs 100 crore. Money can surely help him chart out his future in politics.
Produce a Biopic
Rajkumar Hirani’s biopic on Sanjay Dutt’s life, starring Ranbir Kapoor is going to be one of the biggest movies of 2018. Just like Sanjay Dutt, Flipkart founder Sachin Bansal has a fan-following of budding entrepreneurs. He has a story to tell on how he left the internship in Amazon to create the first billion-dollar start-up in India. His exit from Flipkart over differences with the management only adds to the drama that is needed for the success of any story. Having said this, his life has all ingredients which are required for the success of a biopic.
Start a New Venture
The best would be to start a new venture by Sachin Bansal. He also already proved his entrepreneurial skills to the world, and by launching a new venture he can start all over again. India being a developing country has so many challenges that need to be resolved. He can use his sharp talent in the field of health and agriculture that demand immediate attention both from the government and public.
Last but not the least he can just give away his wealth as charity! If this looks tough he can look at IT mogul Azim Premji who is known for giving away almost half of his stakeholding in Wipro. Premji is the first Indian to sign the Giving Pledge for inviting the world’s wealthiest to donate in charity.