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From stock trading to smart business ideas: How Vivek Oberoi's dad's 6 words pushed him to Rs 1200 crore net worth

From stock trading to smart business ideas: How Vivek Oberoi's dad's 6 words pushed him to Rs 1200 crore net worth

Economic Times20-06-2025
Financial Wisdom from the Actor
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Indian actor on Forbes' 40 Under 40 Heroes of Philanthropy
Vivek Oberoi — an actor once seen simply as Bollywood's romantic lead — has quietly forged a parallel empire in business, transforming his image from celluloid star to a successful entrepreneur. What makes his story stand out isn't glamour or inheritance, but a childhood lesson in independence and grit. As the son of actor-politician Suresh Oberoi, Vivek used early mentorship not as a handout but as a push toward self-reliance, leading him to build, reportedly a massive Rs 1,200 crore net worth through effort, sacrifice, and vision.Indian Express, citing the Dubai Property Insider podcast, shared that Vivek's father didn't finance him, but educated him. As a 10-year-old, he'd draft business plans and go door-to-door selling products, learning entrepreneurial basics long before most kids understood pocket money. His father's mantra was that he was rich, but his son, Vivek, was not, and he would have to build the wealth on his own. This advice propelled a teenager who raised $3 million for his first startup at 19, sold it by 23, and has since helped take nine companies public, with plans for four more.Before entering entertainment, Vivek Oberoi explored voiceovers and hosting gigs. By 15, his entrepreneurial drive had taken root. He trained with stockbrokers, built a portfolio by 16, and even tried his hand at commodity trading. This early business win at 19 gave him the confidence to juggle entrepreneurship alongside a demanding acting career, laying the foundation for his future success in both fields.Previously, Vivek shared practical advice about financial security: save at least three times your annual income, live within means, and build an investment cushion for three–five years. He warned against impulsive, high-return schemes, advocating for safe instruments like RBI bonds. For him, stability and mental peace from smart investments outweigh the risk of chasing higher, but volatile, returns.As per Forbes, the actor is now the Chairman of Oberoi Family Office and Co-Founder of BNW Developments , is a serial entrepreneur redefining ultra-luxury real estate in the UAE with $7 billion in assets under development. He leads diverse investments across edutech, fintech, agritech, media, and sustainability, blending purpose with profitability. He is one of the Indian actors on Forbes' 40 Under 40 Heroes of Philanthropy list.
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Move over China: iPhones for America now mostly assembled in India, confirms Apple CEO Tim Cook
Move over China: iPhones for America now mostly assembled in India, confirms Apple CEO Tim Cook

Economic Times

time12 minutes ago

  • Economic Times

Move over China: iPhones for America now mostly assembled in India, confirms Apple CEO Tim Cook

Getty Images Apple CEO Tim Cook Apple CEO Tim Cook confirmed on Thursday that the majority of iPhones sold in the United States in the past quarter were manufactured in India, signaling a major shift in the company's global supply chain, reported TOI. China, once Apple's dominant manufacturing hub, is now producing primarily for non-US to the TOI report, Cook told analysts after Apple's quarterly earnings call, 'There hasn't been a change to that, which is the vast majority of the iPhone sold in the US or the majority, I should say have a country of origin of India.'The Apple chief added that while India leads iPhone production for the US, Vietnam is the primary source for other Apple products such as MacBooks, iPads, and Apple he said, continues to manufacture most Apple products destined for other international markets. '...the products for other international countries, the vast majority of them are coming from China,' Cook said. This disclosure comes amid criticism from former US President Donald Trump, who earlier this year expressed dissatisfaction over Apple's shift toward Indian manufacturing. 'I had a little problem with Tim Cook... I said to him, my friend, I am treating you very good... but now I hear you are building all over India. I don't want you building in India,' Trump had remarked during his May visit to Doha. Smartphones and electronics, however, remain exempt from the new 25% US tariffs on Indian goods announced earlier this focus on India also extends to its domestic market. Cook said the company continues to see strong revenue growth in India, driven by iPhone sales. 'We saw an acceleration of growth around the world in the vast majority of markets we track... and we had June quarter revenue records in more than two dozen countries and regions, including the US, Canada, Latin America, Western Europe, the Middle East, India, and South Asia," TOI quoted him as saying. India is among Apple's fastest-growing markets, and the company plans to expand its retail footprint in the said iPhone sales grew in every region, with double-digit growth in emerging markets including India, Brazil, South Asia, and the Middle East. Addressing concerns around tariffs, Cook said, 'For the June quarter, we incurred approximately $800 million of tariff-related costs. For the September quarter... we estimate the impact to add about $1.1 billion to our costs.' However, he added that these numbers could vary depending on future tariff policy changes. (With inputs from TOI)

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