Businesspersons
Azim Premji Net Worth
Azim Premji's Net Worth as of 2024
$15.5 Billion
Azim Hashim Premji was born on 24 July 1945, in Mumbai India, of Gujarati Muslim ethnicity. Azim is known as the Czar of the Indian IT industry. Forbes magazine ranks Azim as the 48th richest person in the world, and one of the richest three people in India.
So just how rich is Azim Premji? Forbes estimates that in 2015 Azim’s net worth reached over $19 billion, most of his wealth having been accumulated through his interests in the IT industry in India, particularly as the chairman of Wipro Limted.
Azim Premji Net Worth $19 Billion
Azim Premji’s father Mohamed Hashem Premji was a successful businessman, coincidentally known as the Rice King of Burma. After the partition of India and Pakistan in 1947, he was invited to settle in Pakistan, but chose to remain in India. Azim was subsequently sent to the USA to study, and graduated with a Bachelor of Science in Electrical Engineering degree from Stanford University.
When Azim’s father’s died in 1966, he returned home from the USA to take charge of Wipro – then named Western Indian Vegetable Products -which was concentrating on the manufacture of hydrogenated oil, but Azim soon diversified the company to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products, and hydraulic cylinders. This was the real start of building his net worth.
In the 1980s, Azim saw the increasing importance of the IT – information technology – field, and stepped into the shoes of IBM, which had been expelled from India, changed the company name to Wipro, and transferred the company’s resources to the high-technology sector, undertaking the manufacture of minicomputers, in conjunction with the American company Sentine Computer Corporation, Effectively, Premji had changed the focus of the company from soaps to software. Azim’s net worth increased steadily, sometimes spectacularly, from that point, along with the success of Wipro.
Wipro is now India’s third-largest outsourcer, reporting increasing rising net profits as a result of expanding business with such clients as Levi Strauss and Cairn India, although still behind competitors such as Tata Consultancy Services, flagship of the Tata Group. Premji has denied rumours that his son Rishad, who heads strategy and also oversees Wipro’s $100 million venture capital fund, will be appointed on the board and named as vice chairman.
Azim Premji now owns 75% percent of Wipro and also owns a private equity fund, PremjiInvest, which manages his $1 billion personal portfolio, and meantime this private investment arm has acquired an interest in e-tailer Myntra, now part of Flipkart which is India’s direct competitor against Amazon. com, and e-commerce company Snapdeal. Clearly one can expect a further rise in Azim Premji’s net worth on the horizon.
In 2010, Azim was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011.
Premji is among Asia’s most generous tycoons. Azim has become the first Indian to sign up for the The Giving Pledge, a campaign led by Warren Buffett and Bill Gates, to encourage the wealthiest people to make a commitment to give most of their wealth to philanthropic causes. He is the third non-American after Richard Branson and David Sainsbury to join this philanthropy club. Azim is said to have already given more than 25 per cent of his personal wealth to charity.
In his personal life, Azim Premji is married to Yasmeen, and the couple have two children, Rishad and Tariq. Rishad is currently the Chief Strategy Officer of IT Business, Wipro.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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