Kbc winner now jobless, struggles to make ends meet

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KBC Winner Now Jobless, Struggles To Make Ends Meet By Selling Milk 

 

Money - here today, gone tomorrow.

 

The statement couldn't have been more true for Kaun Banega Crorepati (KBC) season five winner Sushil Kumar.Hailing from Motihari, Bihar, Kumar won a whopping 5 crores at the popular television reality show telecast on Sony TV in 2011, but claims to be cashless and jobless now.

He used to be a computer operator with Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and earned a meagre Rs 6000 before KBC happened. But now, he has to manage with little income from his fixed deposit accounts and some more money that he gets by drawing milk from the four cows that he purchased after the win.

 

While he was still basking in the glory of the win, some endorsement offers came his way and he even wished to join politics, but nothing worked out in his favour.

 

A hopeless Kumar said a majority of the prize money went to taxes and he could only get Rs 3.6 crore out of the 5 that he was given.

 

"Much of the money was spent in building a house which I share with my parents and four brothers. I have also purchased a plot of land in Motihari in the name of my mother and some agricultural land. Another chunk of it was spent on setting up businesses for his brothers", he said in a conversation with Hindustan Times.

 

Sushil now hopes to make use of his BEd degree and become a school teacher.

Replies (6)

Total Prize Money = 5,00,00,000 less Flat 30% TDS(1,50,00,000) , NET Cash Inflow = Rs. 3,50,00,000.

HEFTY AMOUNT, BUT STILL ...

MORAL OF THE STORY : CONSULT A CA BEFORE TAKING INVESTMENT DECISIONS.

Moral was the BEST!! :)

what happend? He was doing IAS preparation.

 

Originally posted by : manish
what happend? He was doing IAS preparation.

 

You are right !!!

But he was good only in Fact Based Questions.

And according to my research, gone are the days when Fact based questions used to come in UPSC.

In the Era of CSAT, its all about logic, concept, reasoning.

 

 

 

Still he can be said job less as 3.5 crore is not a small amount, for people of his status. Business and house would have not taken more than 10% of this amount as far as Motihari in Bihar is concerned. Also if would have invested around 1 Cr in MIS, then monthly income would be around 1Lakh rs which is more than enough for him to live lavishly...........

He should have invested at least Rs. 1 crore in interest bearing instruments. With the rest of the amount, he could have done the works which he did.

Lack of planning and over- optimism.


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