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Azim Premji Net Worth, Bio, Career Awards and Philanthropic Activities

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Azim Premji net worth is estimated to be $9 Billion as of 2023. The country has had many great industrialists and businesspeople, but when it comes to commitment and getting things done, Mr. Azim Premji is the first name that comes to mind.

He has been driven by one basic idea: “to build an organization deeply committed to Values, with the strong belief that business success will eventually but inevitably follow.” He is also known as the “Czar of India’s IT industry.”

Mr. Azim Premji is a business tycoon, investor, and philanthropist from India. He is also the Chairman of “WIPRO,” one of India’s largest business empires. Because he stuck to his values and worked hard, he turned a $2 million company that made hydrogenated cooking fat into an $8 billion company that does business in 58 countries. During that time, Azim Premji net worth has built up to $9 Billion.

In this article, We are going to talk about Azim Premji net worth, biography, age, wife, height, weight, and many other things.

Who is Azim Premji?

Azim Premji is one of India’s wealthiest people, who is, perhaps, best known for his philanthropy, rather than his wealth and business management. Forbes said that Azim Premji Net Worth is $9 billion as of 2023.

He has a lot of money because he owns Wipro Limited (WIT), which is an IT company and India’s fourth-largest outsourcer of IT services. Thus, Azim Premji net worth rises to $9 Billion.

Azim Premji Biography

Azim Hashim Premji was born in Mumbai, India, on July 24, 1945. He is of a Gujarati Muslim background. Azim is called the Czar of the Indian IT industry. Forbes says that Azim is one of the three richest people in India and the 48th richest person in the world.

So just how rich is Azim Premji? Forbes says that Azim Premji net worth was over $19 billion in 2015. He made most of his money through his investments in India’s IT industry, especially as the chairman of Wipro Limited.

Quick Facts About Azim Premji

Here is some Important information about Azim Premji net worth, birthday, age, wifi name, and personal life.

Full Name

Azim Hashim Premji

Nick Name

Bill Gates of India

Gender

Male

Birth Date

July 24, 1945

Birth Place

Mumbai, Maharashtra, India

Age

77

Marital Status

Married

Wife

Yasmeen Premji ( Author)

Children

Rishad Premji, Tariq Premji

Nationality

Indian

Religion

Shia Islam

Education

Stanford University

Net Worth

$9 Billion

Profession

Indian Business Tycoon, Investor, and Philanthropist

Height

65 kg, in pounds- 143 lbs

Weight

5 ft 2 in 1.57 m

Azim Premji Net Worth

Azim Premji net worth in 2023 is approximately $9 Billion. He was born on July 24, 1945, in Mumbai, British India. He is the chairman of Wipro Limited, a multinational IT consulting and system integration services company. Azim Premji is also a philanthropist. Premji was one of the richest Indians and one of the richest people in the world at different points in his life. Before he started giving away huge amounts of money to charity, his net worth peaked at about $23 billion.

Asiaweek named him one of the 20 most powerful men in the world, and TIME magazine has put him on their list of the 100 most influential people twice (2004 and 2011, respectively). In 2000, he was given an honorary doctorate by the Manipal Academy of Higher Education. The National Institute of Industrial Engineering in Mumbai gave him the Lakshya Business Visionary award, in 2006. In 2009, Wesleyan University in Middletown, Connecticut, gave him an honorary doctorate. According to Celebrity Net Worth, Azim Premji net worth rises to $9 Billion.

Net Worth:

$9 Billion

Source of Wealth:

Software (Wipro), Inherited

Annual Income:

Rs. 3200 Crore

Born:

July 24, 1945

Height:

65 kg, in pounds- 143 lbs

Country of Origin:

Mumbai, Maharashtra, India

Last Updated:

September 2023

Azim Premji Net Worth in 2023

Azim Premji net worth in 2023 is approximately $9.1 Billion. Premji is a wealthy Indian businessman, investor, engineer, and giver of money for good causes. He also started and is the head of Wipro Limited. He is also known as the czar of the Indian computer industry.

Premji was able to make more products by making bakery fat, different kinds of lights and accessories for them, toiletries made from locally available ingredients, hydraulic cylinders, hair care soaps, and baby toiletries. Forbes says that Azim Premji net worth was over $19 billion in 2015. He made most of his money from investments in India’s IT industry, especially as the chairman of Wipro Limited.

Read More: Highest paid CEO in the World

Azim Premji’s Early life

Azim Hashim Premji is an Indian business tycoon, investor, engineer, and philanthropist. He is also the founder and chairman of Wipro Limited. He is also called the czar of the Indian computer industry.

Azim Hashim Premji was born to a Muslim family on July 24, 1945, in Mumbai, which was then called Bombay. Mohamed Hashim Premji, his father, was called the “Rice King of Burma.” Muhammad Ali Jinnah, who started Pakistan, asked Premji’s father to move there. He turned down the offer and chose to stay in India.

Muhammad Hashim Premji, Azim Premji’s father, set up Western Indian Vegetable Products Ltd. in Amalner, Maharashtra, in 1945. The company made cooking oil called Sunflower Vanaspati and a laundry soap called 787.

Azim Premji got his degree in Electrical Engineering from Stanford University in the United States. Premji married Yasmeen, and the two of them have two sons named Rishad and Tariq. Rishad, the oldest son, is in charge of Wipro Limited right now.

Azim Premji Career 

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In 1966, when he found out that his father had died, Premji had to cut short his studies at Stanford University. He went back home to take over his father’s company, which had been started in 1945. At the time, Wipro was based in a small town in Maharashtra called Amalner. They sold cooking oil under the brand name Sunflower Vanaspati and laundry soap made from cooking oil under the brand name 787.

Premji was able to expand its product line by making bakery fat, different kinds of lights and products that go with them, toiletries made from locally available ingredients, hydraulic cylinders, hair care soaps, and baby toiletries.

He changed the name of his company to Wipro and started making microcomputers so that he could sell high-tech products. He worked on this project with an American company called Sentinel Computer Corporation. Soon, he stopped selling fast-moving consumer goods and went into the technology business. Thus, Azim Premji net worth rises to $9 Billion.

Read Also: Highest Paid CEO in India

Struggles of Azim Premji

After he joined the company, one shareholder said in front of everyone at an annual meeting that Mr. Azim Premji should leave. He said that the business of the company is very complicated and that a 21-year-old boy can’t run a business. Before this meeting, Azim Premji wasn’t sure about how good he was at what he did. But after this happened, he felt better about himself. From then on, he promised himself that he would do everything he could to help the business grow.

Azim Premji had never been in charge of a business before. He had a hard time in the first few years. He used to spend most of his time in the factory so he could learn more about the business. Then he took over running the business in his own way.

Azim Premji Establishing Wipro in the IT Sector

When Azim Premji took over his family’s business, which made Vanaspati, in 1967, it was called Western Indian Vegetable Products Ltd. He changed the name to Wipro and started slowly adding other consumer products. In 1979, he turned Wipro into an IT powerhouse with partnerships all over the world.

When technology stocks started going up a lot in 1990, the value of Wipro went through the roof. This made Azim Premji one of the richest entrepreneurs in the world. The value of the company began to go up because of the success of the company and its chairman. As of 2021, Wipro Limited’s total revenue is Rs 75,000 cr., and as of May 26, 2022, each share is worth Rs 451.70.

Read Also: Elon Musk Net Worth

Massive Salary In Wipro Limited

Azim Premji is the chairman of the company Wipro Limited, and his son Rishad Premji is the chief strategy officer and a board of directors at Wipro. Well, Rishad’s basic salary went up by about 10% in the 2018 fiscal year, from $126,000 to $135,200. Before, he made $126,000 in salary, $77,500 in allowances, and $594,100 in commissions, bonuses, or other variable pay. His total earnings went from $615,400 to $855,000. This is what was said.

On the other hand, the income of Saurabh Govi, the president and chief HRO, went up to $956,500. Payroll for CEO Abidali Neemuchwala also went up. He now has a gross salary of $913,000, variable pay of $246,300, and annual compensation of $1.478 million, which adds up to about $2.63 million.

Azim Premji Foundation

Premji set up the Azim Premji Foundation in 2001, which is 11 years ago. The non-profit group worked to improve the quality and fairness of India’s public school system. The Foundation works with more than 350,000 schools in seven states in India. It also runs Azim Premji University, which teaches and does research in areas of human development like education and health. The industrialist gave $15 billion to the Foundation’s endowment, which makes it one of the world’s biggest foundations.

The billionaire philanthropist is well-known for his charitable work, but he is the first Indian to get the Faraday Medal. He also got honorary doctorates from Michigan State University, Wesleyan University, and the Indian Institutes of Technology at Bombay, Roorkee, and Kharagpur, among others. Premji is also the winner of the Knight of the Legion of Honor, which is the highest civilian award given by the Republic of France. In January 2011, he was given India’s second-highest civilian award, the Padma Vibhushan.

Azim Premji University

The Azim Premji University Act of 2010 in Karnataka made Azim Premji University, a university that does not make money, possible. The University was started as one of the main ways for the Foundation to deal with the problems and challenges it faced in education and as part of a bigger plan to help the country’s education and development sectors. 

The University runs programs for Bachelor’s, Master’s, and Doctoral degrees. It also does research and works with the real world. There are close ties between the work we do in the field and what we do at the University. This helps make sure that theory, research, and real-world practice all work well together.

Wealth and Philanthropy

One of the many things that people will remember about Azim Premji, and perhaps the most important, is that he did a lot of good things for other people. As part of the Giving Pledge, which is a promise by the world’s wealthiest people to give away most of their money to charity, he has already given away $21 billion.

Two-thirds of Premji’s Wipro stock, which is held in a separate trust for educational purposes, was also given as a gift. The Azim Premji Foundation is a charity that was started in 2001 with the goal of improving primary education in India. It also set up a university in Bangalore, India, and works with schools and governments in different parts of India to improve education as a whole, not just by giving money.

Also important is that Azim Premji has built a company that has a reputation for being honest and committed to a set of core values. He is also very interested in putting together teams that do well. Azim Premji admires Jehangir Ratanji Dadabhoy Tata (JRD Tata).

Philanthropic Activities by Azim Premji 

Azim Premji is not just known for being one of the richest people in India but also for his charity and modesty. He says, “Being wealthy didn’t make him happy.” His philanthropic activities are as follows,

Azim Premji Trust

In December 2010, Premji said that he would give $2 billion to make schools in the country better than they were. He gave the Azim Premji Trust 213 million equity shares from his company. This is said to be the largest donation to education in the history of the country.

Azim Premji Foundation

In 2001, Azim Premji started the Azim Premji Foundation as a non-profit organization. Since then, it has done many good things. The main thing he gives money to is education.

Charity is the Mission

Azim Premji gave 8.6% of his stake in the Azim Premji Foundation to the Azim Premji Foundation. The value of the stakes was Rs 8,646 crore. This was the most money that a single person in India has ever given to charity.

The Giving Pledge Campaign 

Azim Premji even signed up for The Giving Pledge campaign initiated by Warren Buffett and Bill Gates which encourages the wealthiest people all over the world to contribute a part of their wealth to philanthropic activities. Premji was the first Indian to sign the pledge, and his donation of US $21 billion makes him the most generous Indian person.

Contribution to Social Cause: Rs 113 Crore

In 2018, the chairman of Wipro was the second richest person in India. This year, however, he has dropped to the 15th spot, and the reason is very touching. He could have easily been India’s second richest person but preferred to help people in crisis.

The 75-year-old gave so much money to the charity that he is no longer even in the top 10 richest people in the country. From being worth $21 billion, he is now Azim Premji net worth is only $9 Billion.

The tech billionaire with the most money in India has given away more money than he has right now. Azim Premji of Wipro has donated a total of 148,925 crores ($21 billion) to charity so far. That’s 30% more than his current net worth of 117,100 crores ($16.5 billion).

Azim Premji should be praised for giving such a huge amount of money to charity. The business tycoon with a large heart,” this is how Twitter reacted.

Azim Premji’s Family, Wife, and Child

He was born on July 24, 1945, in Mumbai. He is a Muslim from Gujarat, and his family is from Kutch. His father, Mohamed Hashem Premji, was a well-known businessman who was known as the “Rice King of Burma” in his time. When India was split into two countries, Muhammad Ali Jinnah, who started Pakistan, invited Premji’s father to move there. But Mohamed Premji said “no” to this request. 

Azim Premji is married to Yasmeen Premji and they have two sons – Tariq and Rishad. Richard is currently working as the Chief Strategy Officer for the IT business activities of Wipro.

Assets, Expenses & Lifestyle

Azim Premji is quiet about what’s going on in his life, and he doesn’t use social media. It’s sure that the billionaire businessman does have a lavish lifestyle though prefers to avoid the flashy life. He lives in his million-dollar mansion in Bangalore, India, but he hasn’t said how much the house is worth or where he bought it.

Bangalore is also the house for other billionaires like Infosys co-founder and chairman emeritus N R Narayana Murthy and GM Rao, the chairman of GMR Group.

Unlike other billionaires in India, Premji likes to live a simple life away from the public eye and without spending a lot of money. Even though it’s easy for Azim Premji to have private jets and expensive cars, the billionaire is said to have bought a used Mercedes E-Class worth $53,500. He drove a Ford, a Toyota Sedan, and a Toyota Corolla before he got a Mercedes. Azim Premji likes to fly in economy class, which might come as a surprise. This has been possible only for Azim Premji net worth of $9 Billion.

Azim Premji’s Car Collection

He has so many luxury Cars. He drove a Ford, a Toyota Sedan, and a Toyota Corolla before he got a Mercedes. Azim Premji likes to fly in economy class, which might come as a surprise. This has been possible only for Azim Premji net worth of $9 Billion.

Car Collection

Prices (USD)

Mercedes E 280

$ 62000 (Rs 41.74 Lacs)

Ford Escorts

$ 13970 (Rs 9 Lacs)

Toyota Corolla

$ 28000 (Rs 20.50 Lacs)

Azim Premji Social Media Profile

This member of the Giving Pledge and one of our country’s most successful tech billionaires are not very active on social media. In the table of the most-followed accounts on Twitter, his foundation’s Twitter handle has only 14,2k followers as of September 2022. Besides having followers on Twitter, he also has profiles on Instagram, and as of September 2022, his personal Instagram had 9603 followers.

Instagram

@azimpremjiuniv

9.6K followers

Twitter

@azimpremjiuniv

16.3K followers

Facebook

https://www.facebook.com/AzimHashimPremji/

12,711 followers

Leadership Lessons From Azim Premji

Now that you know how much Azim Premji is worth and how he got there, let’s look at some things we can learn from him:

Stick To Your Values

He thinks that one’s values are the most important part of a business. Premji has said many times that it is important to stick to your values because he is sure that business success will come in the end.

He has said that when you stand up for what you believe in and don’t give an inch, you become strong enough to handle a crisis, which is a trait that entrepreneurs tips.

Know Your Strength

It’s important to know your weaknesses, but it’s just as important to know your strengths.

Be Smart

The philanthropist, who is 69 years old, thinks that change is inevitable. So, he tells everyone to make their own early warning system that sounds the alarm and gets them ready for the changes that are coming.

Quotes From Azim Premji

Because we work with consumers, we can train people in areas like marketing, finance, and logistics. We can compare how well our outsourcing business works to how well our consumer business works. — Azim Premji

If people have different ideas or different points of view, they can be worked out through conversation and dialogue. — Azim Premji

I strongly believe that those of us who are lucky enough to have money should do a lot to try to make the world a better place for the millions who are not. — Azim Premji

When things outside are changing faster than things inside, you can be sure that the end is near. — Azim Premji

Awards and Achievements

Azim Premji has a golden touch and is known for helping different social welfare or charity donations work. He always put money into his savings account and made sure that orphans and poor people were healthy and had access to all kinds of benefits and facilities. In 2005, the Indian government gave him the Padma Bhushan award for his work in the humanities and for being an outstanding person.

He has also won awards for keeping his IT company, Wipro, at the top for a long time. Azim Premji’s home is in Bangalore, India. It cost 350 Crores, which is a lot of money, but it’s not at all like a luxury home. He is also proud of the fact that he owns a number of real estate properties.

Frequently Asked Questions (FAQs) about Azim Premji Net Worth

How much is Azim Premji Net Worth?

The total amount of Azim Premji Net Worth is about $9 Billion (Rs.66000 Crores).

Is Azim Premji a billionaire?

Premji has given $21 billion to his charitable foundation, making him one of the most generous billionaires in the world.

What is the Date of Birth of Azim Premji?

Azim Premji is 74 years old. He was born on July 24, 1945.

What is the age of Azim Premji?

Azim Premji is 77 years old right now (24 July 1945).

What is the name of Azim Premji’s Wife?

Azim Premji Wife name is yasmeen premji.

Why is Azim Premji famous?

Azim Premji, whose full name is Azim Hasham Premji, was born on July 24, 1945, in Bombay (now Mumbai), India. He is an Indian businessman who was the chairman of Wipro Limited and helped the company grow and change over four decades to become a world leader in the software business.

Who is the richest person in India?

Forbes Billionaires List 2022 says that Mukesh Ambani, the chairman and managing director of Reliance Industries, is the richest person in India with a net worth of $90.7 billion. This comes as no surprise to anyone.

Where is Azim Premji’s house?

Azim Premji is a wealthy Indian businessman, investor, engineer, and philanthropist. He owns a 6,000-square-foot, Rs 350-crore home in Bangalore that is very nice. Zerodha was started by Nikhil Kamath, who is one of India’s youngest billionaires.

Which company does Azim Premji own?

He has a lot of money because he owns Wipro Limited (WIT), which is an IT company and India’s fourth-largest outsourcer of IT services.

Who is the founder of Wipro?

Wipro Ltd. was founded in Karnataka in 1945 by Azim H. Premji, who is also the company’s promoter and chairman. The company used to make cooking oil, but then it changed and became a leader in the business of Fast Moving Consumer Goods and IT services & Products.

Why is Wipro successful?

What makes Wipro different from other companies? Wipro and the other top Indian IT companies all put a lot of emphasis on quality, constant improvement, customer satisfaction, and treating employees fairly. I think that Wipro’s commitment to giving great customer service may be even stronger.

How Many Shares in Wipro Does Azim Premji Own?

73% of Wipro’s shares are owned by Azim Premji and his family.

Is Azim Premji a good college?

Azim Premji University is a very good school where students can learn in a very good setting. Very well-organized course plans and good teachers. The teachers and the students are on the same level. It has a library and classrooms that are very well-equipped.

Is Azim Premji University good for placements?

More than 2300 of our graduates have gone on to work that they feel is important and makes a difference. About 90% of the students work in the social sector, and 80% of our former students now work in India’s poorest areas.

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