Azim Premji, one of India’s most influential business magnates, has a net worth of approximately $4.5 billion. As the chairman of Wipro Limited, a leading multinational IT consulting and system integration company, Premji has played a pivotal role in shaping India’s technology sector. Once among the wealthiest individuals in the world, his net worth peaked at $23 billion before he dedicated the majority of his fortune to philanthropic causes.
| Azim Premji Net Worth | $4.5 Billion |
| Date of Birth | July 24, 1945 |
| Place of Birth | Mumbai |
| Nationality | Indian |
| Profession | Businessman |
Early Life
Born on July 24, 1945, in Mumbai, British India, Azim Premji comes from a family with a rich business legacy. His grandfather was famously known as the “Rice King of Burma.” Premji pursued a bachelor’s degree in electrical engineering at Stanford University in the United States. His education laid the foundation for his leadership in the corporate world, where he transformed Wipro into a global powerhouse.
Rise of Wipro
In 1966, following the sudden demise of his father, Premji took over Wipro, which was then a vegetable oil company. Under his leadership, Wipro diversified into IT services, software development, and consulting, becoming one of India’s largest and most successful technology firms. Today, Wipro is a multinational corporation with a strong presence in various industries, including IT solutions, healthcare, and business process outsourcing.
Recognition
Azim Premji’s influence extends beyond business. He has been recognized globally for his leadership and impact, earning a place among TIME magazine’s 100 Most Influential People twice (in 2004 and 2011). Asiaweek also named him one of the 20 most powerful men in the world.
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His contributions have been honored with various prestigious awards, including:
- An honorary doctorate from the Manipal Academy of Higher Education (2000)
- The Lakshya Business Visionary Award from the National Institute of Industrial Engineering, Mumbai (2006)
- An honorary doctorate from Wesleyan University, Connecticut (2009)
- The Economic Times Lifetime Achievement Award
Philanthropy
Premji is widely regarded as one of the world’s most generous philanthropists. Through the Azim Premji Foundation, he has donated over 80% of his wealth to support education, healthcare, and rural development in India. His commitment to philanthropy has significantly reduced his net worth, which once stood at $23 billion, ranking him among the top 50 richest individuals globally.
Azim Premji Net Worth
Azim Premji’s wealth is primarily derived from his stake in Wipro, where he owns 56% of the company. Additionally, 18% of Wipro shares are held in irrevocable charitable trusts linked to the Azim Premji Foundation. He also owns a 3% stake in JM Financial, while his investment firm, PremjiInvest, manages approximately $1 billion in assets. He has a net worth of $4.5 billion.
Personal Life
Premji is married to Yasmeen, and they have two children, Rishad and Tariq. Rishad Premji is actively involved in the business and currently serves as the Chief Strategy Officer of Wipro’s IT division.