Azim Premji net worth
Current Net Worth – $12.1 Billion (USD – 1,210 Crores), (Rupees – 1.01 Lakh Crores)
Azim Hashim Premji short biography
| Net Worth | $12.1 Billion |
|---|---|
| Born | July 24, 1945 (Age – 78) |
| Identified as | Founder & Chairman, Wipro |
| Status | Indian businessman, engineer, investor, & philanthropist |
| Education | Stanford University (B.S.E) |
| Nationality | Indian |
| Residence | Banglore, India |
| Spousal Status | Married |
| Wife | Yasmeen |
| Children | 2 sons (Rishad Premji & Tariq Premji) |
Azim Premji has a net worth of $12.1 Billion (USD – 1,210 Crores), (Rupees – 1.01 Lakh Crores), making him one of the top richest men in India after Sunil Mittal, Dilip Shanghvi, and Kumar Birla.
He is an Indian businessman, investor, engineer, and donor, and he was also the chairman of Wipro Limited, an Indian multinational company that empowers information technology, consulting, and business process services.
Now, Azim persists as a founder chairman and non-executive member of the board.
He was the person who directed Wipro through forty years of expansion and development, to at long last he has arisen as one of the worldwide pioneers in the software industry.
In 2010, he was listed as one of the 20 most powerful men in the world by Asiaweek.
He has been named one of the 100 most powerful people by Times magazine, once in 2004 and secondly in 2011.
Over the years, he has been formally inscribed as one of the 500 most powerful Muslims around the world.
Wipro has a Silicon Valley research hub devoted to creating innovative technology and partnering with startups.
His Azim Premji Foundation promised $134 million to support those affected by the Covid-19 pandemic in April 2020.
To know more about his increased net worth & bio-related information, let’s move ahead.
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Azim Premji biography
| Full Name | Azim Hashim Premji |
| Birthplace | Bombay, Bombay Presidency, British India |
| Height | 5.2 feet, 157 cm |
| Weight | 65 Kg |
| Father | M.H. Hasham Premji |
| Mother | N/A |
Azim Premji was born on July 24, 1945, in a Muslim-Gujarati family in Mumbai, India.
His father was a well-known businessman and was recognized as Rice King of Burma.
Founder of Pakistan, Muhammed Ali Jinnah tried to bring on Premji’s father Muhammed Hashem Premji in Pakistan, but his father declined the proposal and decided to enjoy India’s climate.
Education
Azim Premji holds a Bachelor of Science degree in Electrical Engineering from Stanford University, California. The first
Career
In 1945, Muhammed Hashim Premji combined Western Indian Vegetable Products Ltd, based at Amalner, Jalgaon, Maharashtra.
It produces Sunflower Vegetable cooking oil, and a laundry soap called 787.
In 1966, his father got died, after receiving the message 21-year-old Azim Premji returned to home (India) from Stanford University, where he was studying Electrical engineering.
When his father died, Premji manages the family’s cooking oil company, which he later expanded into tech.
The company, then called Western Indian Vegetable Products, Azim Premji later transformed the company into ethnic ingredient-based toiletries, hair care soaps, hydraulic cylinders, lighting products, bakery fats, and baby toiletries.
During the 1980s, the inexperienced businessman, perceiving the significance of the arising IT field, exploited the vacuum given up by the removal of IBM from India, changed the organization name to Wipro, and entered the huge technology sector by assembling minicomputers in a technological coordinated effort with an American corporation Sentinel Computer Corporation.
After this Azim Premji was supposed to shift his company’s preoccupation from vegetable products to the software industry.
Due to Wipro’s arisen as one of the fastest developing IT companies across the world, Premji has been comprehended by Business Week as one of the greatest entrepreneurs for Wipro.
Wipro has an innovation headquarter in Silicon Valley, which is concentrated on assembling modern technologies and working together with fresh business startups.
Private & early life
Azim Premji is married to Yasmeen.
They have two children, Rishad and Tariq.
Rishad Premji is presently the Chief Strategy Officer of the IT company, Wipro, while Tariq is the Vice President.
Awards
| Year | Award |
|---|---|
| 2000 | Honorary Doctorate |
| 2006 | Lakshya Business Visionary |
| 2009 | Honorary Doctorate, for a philanthropic endeavor |
| 2005 | Padma Bhushan |
| 2011 | Padma Vibhushan |
| 2018 | Knight of the Legion of Honor |
| 2019 | Quoted as one of “30 philanthropic heroes list” |
You can also explore the Young World Entrepreneur of The Year nominated person Uday Kotak’s net worth and honorable awards.
Charity
In 2001, he organized the Azim Premji Foundation, a charitable community for helping the needy related to education, health causes, and many other spurs.
In December 2010, he swore to contribute over US$2 billion to enhancing the school education structure in India.
In March 2019, Premji pledged 34% extra shares of Wipro held by him in the organization.
He began Azim Premji Foundation, with a $2.2 billion donation, focused on education system development in India.
In May 2020, the Azim Premji Foundation worked together with the Institute for Stem Cell Science and Regenerative Medicine, and the National Center for Biological Sciences for enlarging testing frameworks to deal with the COVID-19 pandemic.
In 2020, he was listed as the biggest philanthropist on the EdelGive Hurun India Philanthropy List.
Discovery:
- 1945 – Azim Premji is born in Mumbai.
- 1966 – Premji’s father dies, and he drops out of Stanford to take over the family company.
- 1977 – Starts directing business toward computers and software.
- 1977 – Western India Vegetable Products was renamed Wipro.
- 1985 – Wipro begins selling personal computers in India.
- 2000 – Wipro, which is already listed in India, begins trading in New York.
- 2000 – Wipro becomes India’s largest publicly listed software exporter.
- 2010 – Wipro shares, then worth $2 billion, are donated to his foundation.
- 2013 – He transfers a 12% interest worth $2.2 billion to his trust.
- 2013 – Consumer care, lighting, and engineering firms are spun off.
Net worth statistics
- March 2011 – $16.8B
- March 2012 – $15.9B
- March 2013 – $11.2B
- March 2014 – $15.3B
- March 2015 – $19.1B
- March 2016 – $15B
- March 2017 – $14.9B
- March 2018 – $18.8B
- March 2019 – $22.6B
- April 2020 – $6.1B
- April 2021 – $8.6 B
- April 2022 – $9.8 B
- April 2023 – $9.2 B
- April 2024 – $12 B
Azim Premji Quote
“As you get bigger, you have to learn to delegate. It’s also an excellent way to get staff involved in the company’s operations.”
– Azim Premji
