Azim Premji, the Indian business magnate and philanthropist, is set to overtake Chinese billionaire Dhanin Chearavanont in terms of net worth. This is due to the success of Damani, the retail investment firm of Premji’s son Rishad, which has seen a surge in investor confidence and profits. The success of Damani has allowed Azim Premji to significantly increase his net worth and become one of the wealthiest people in the world.
Azim Premji’s Rise
Azim Premji is the founder and chairman of Wipro Ltd., one of India’s largest IT consulting and software companies. He has been at the helm of Wipro since its inception in 1945 and has seen the company grow to become a global leader in the IT industry. Over the years, Azim Premji has made significant contributions to the Indian economy, helping to create thousands of jobs and investing in a range of philanthropic initiatives.
Rishad Premji, the son of Azim Premji, founded Damani in 2013. The company has since grown to become one of India’s largest retail investment firms, with a portfolio of more than $10 billion. Damani has seen a surge in investor confidence in recent months, with its stock price increasing more than 300%. This has allowed Rishad Premji to increase his net worth significantly and make a significant contribution to his father’s wealth.
Comparison to Chinese Billionaire
Dhanin Chearavanont is one of China’s wealthiest individuals, with a net worth of more than $25 billion. However, Azim Premji’s net worth is set to overtake Dhanin’s in the near future, thanks to the success of Damani. This will make Azim Premji one of the wealthiest people in the world, and the richest Indian.
Azim Premji’s Net Worth
Azim Premji’s net worth is estimated to be around $20 billion, making him one of the wealthiest people in the world. This is due to the success of Damani, which has seen its stock price increase significantly in the past few months. As a result, Azim Premji’s wealth has grown significantly, allowing him to overtake Dhanin Chearavanont in terms of net worth.
Achievements and Contributions
Azim Premji has had a significant impact on the Indian economy, creating thousands of jobs and investing in a range of philanthropic initiatives. He has also been at the helm of Wipro for more than 75 years and has seen