Duff & Phelps, the premier global valuation, and corporate finance advisor have published the third edition of its annual study of celebrity brand values in India.
In the 2017 report titled ‘Rise of the Millennials’: India’s Most Valuable Celebrity Brands, Virat Kohli has replaced Shah Rukh Khan as India’s top-ranking celebrity brand. Kohli, along with Deepika Padukone and Ranveer Singh, leads the ascent of the millennials to the top of the rankings.
Varun Gupta, Duff & Phelps Managing Director, and Region Leader – India, Japan and Southeast Asia stated:
“For the first time since we began publishing our rankings, Shah Rukh Khan has slipped from the top ranking and been replaced by Virat Kohli.Kohli is now the first choice of brands to engage and attract consumers, fueled by his extraordinary on-field performances and off-field charisma.”
Mr. Gupta added:
“In addition to Kohli, other young celebrities such as Alia Bhatt, Varun Dhawan, and badminton champion P.V. Sindhu have either risen in the rankings or entered our top15 list, backed by noteworthy performances in their respective fields and strong endorsement signings over the last year.”
Aviral Jain, Duff & Phelps Director also mentioned:
“While Bollywood celebrities continue to dominate the top 15, sportspersons are providing tough competition as Kohli, Dhoni, and Sindhu, collectively valued at US$180 million, account for almost a quarter of the total celebrity brand value of the top 15.”
The report also highlights evolving trends in the brand endorsements space,including celebrities endorsing tourism campaigns, backing various sports tournaments/franchises, and launching their own line of merchandise.
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