In 2019, Forbes ranked Bavaguthu Raghuram Shetty’s net worth at an estimated US$3.15 billion. The Karnataka native had helped found UAE hospital operator NMC Health and financial services firm Finablr, and had become famous for flashing his cash, throwing parties, talking about his love of fast cars and bragging about his Burj Khalifa purchases. However, it all came crashing down earlier this year, when research firm Muddy Waters released a report revealing NMC’s complex share arrangements, sparking allegations of fraud and the disclosure of more than US$4 billion in hidden debts. Which Bollywood star has the most OTT ‘vanity van’? Since then the situation has snowballed, and Shetty has lost most of his wealth. He has insisted that he wants to clear his name, reported The National , claiming his signature was forged on documents and that business dealings went ahead without his approval or knowledge. So it looks like he won’t be making any significant purchases for a while, but when he did have money, here’s how he liked to spend it … 5 of the biggest Bollywood celebrity break-ups of all-time Two floors of the Burj Khalifa Shetty is in the very rare category of ultra-rich people able to own flats in the iconic Burj Khalifa in Dubai . It is the tallest skyscraper in the world, and the Indian businessman flaunted his wealth by buying all the units on the 100th and 140th floors, according to The Economic Times. India TV News reported that Shetty dropped about US$25 million on them. He told the news channel that he had waited for five hours to make the purchase and only the 100th floor was available, so he bought the entire floor instead of individual flats because he knew it was a “prestigious address”. So why did the man need so many flats? Well, to throw parties, he also told the show. He said he had no intention of selling, even for a huge profit. Where India’s royal families are today, from the Mewars to the Pataudi clan Lavish parties Famous for his extravagance, according to several publications, the tycoon was best known for throwing expensive “Bollywood parties”. Shetty told Arabian Business in an exclusive interview that when he first arrived in Abu Dhabi in the 70s, he used to sell Nivea cream, and had just US$7 to his name. Years later, in 2011, as Nivea marked its centenary with parties around the world, Shetty hosted a private party of his own at the Burj to celebrate – his extraordinary turnaround in fortune clear for all to see. “Can you believe it? An ordinary salesman of Nivea, who celebrated the centenary in the tallest building in the world with 100 distinguished guests including board members. It’s a good story and it will go down in the history books,” he told the magazine. A rare glimpse inside Ambani brothers Jai Anmol and Jai Anshul’s family life Fast cars He had the home, the parties and, of course, several luxury cars to whisk him around town. Shetty used to be the proud owner of a Rolls-Royce Phantom – a car which starts at US$450,000. According to CarToq he also had a Mercedes-Maybach S600 limousine. The publication reports he was one of the first owners of the limo in the world. Clearly a lover of expensive cars, he once told reporters, “The thrill of speed and freedom makes me love cars.” It’s also been reported that Shetty had an impressive collection of vintage cars, including a 1961 Morris Minor 1000. He apparently kept the car in India and was regularly spotted driving it around. The Ambanis, reunited: their first public gathering of 2021 That private jet life Being ultra-rich means that, naturally, you don’t fly commercial like the rest of us. Only private charters will do, and even better if you have your own jet. Court papers revealed Shetty paid US$4.2 million for a 50 per cent ownership of a private jet from Omani billionaire Puthan NC Menon in 2014, Bangalore Today reported, and millions more to an aviation company in both 2015 and 2016. Want more stories like this? Sign up here. Follow STYLE on Facebook , Instagram , YouTube and Twitter .