Crypto King: Amitabh Bachchan turns INR 16 million into INR 1.12 billion

Was the crypto-enthusiast Waqar Zaka right all along?

There are two types of people in the world right now; the ones who are raking in money via cryptocurrency, and the others who are still struggling to understand how investing works in the blockchain. 

For Pakistanis, cryptocurrency recently came under the spotlight when the TV host-turned-influencer and crypto-enthusiast Waqar Zaka did the unsought labour to make people understand the workings of the bitcoin network. While many may have mocked him earlier, it seems like he had a point after all, and Bollywood superstar Amitabh Bachchan’s investment returns are proof of it!

According to a report in Economic Times, the Piku actor, along with his son, Abhishek Bachchan, invested around $250,000 (INR 16m) in a  Singapore-based company called Meridian Tech Pte, founded by Venkata Srinivas Meenavalli. The investment gave a return of $17.5 million (INR 1.12b) within a period of two and a half years. 

As per Firstpost, this wasn’t the only crypto investment that gave Bachchan a hefty return. His other investments have worked in his favour as well. A natural at it, he earned a 10.2 % return on his investment in JustDial, making INR 70 million out of INR 6.27 million in just four months. He had bought 62,794 shares of JustDial in 2013. 

In other news, the veteran actor has some key projects in the pipeline, including Runway 34, Brahmastra, Jhund, Goodbye, and The Intern.