Vijay Shekhar Sharma is an Indian entrepreneur and the founder of Paytm, a digital payments company. He is one of the most successful entrepreneurs in India and has built a vast fortune for himself. In this article, we will discuss Vijay Shekhar Sharma’s net worth and the sources of his wealth.
Vijay Shekhar Sharma’s Net Worth
Vijay Shekhar Sharma’s net worth is estimated to be around $2.2 billion, making him one of the richest people in India. His wealth has been largely accumulated through his shareholding in Paytm, which is estimated to be around 10%. He is also the owner of One97 Communications, the parent company of Paytm, which is valued at around $10 billion. In addition, he holds shares in various other companies, including Alibaba, SoftBank, and Times Internet.
Sources of His Wealth
The primary source of Vijay Shekhar Sharma’s wealth is his stake in Paytm. He holds a 10% stake in the company, which is estimated to be worth around $1 billion. In addition, he is the founder and owner of One97 Communications, the parent company of Paytm, which is valued at around $10 billion. He also owns shares in various other companies, including Alibaba, SoftBank, and Times Internet.
Sharma has also made investments in various other startups, such as Oyo Rooms, Zomato, and Grofers. He has also made investments in venture capital funds, such as Lightspeed India and Sequoia Capital. Sharma has also raised funds from various investors, such as SoftBank, Ratan Tata, and Alibaba.
Vijay Shekhar Sharma is one of the most successful entrepreneurs in India and has amassed a huge fortune for himself. His primary source of wealth is his stake in Paytm and One97 Communications. He has also made investments in various other startups and venture capital funds. Sharma has also raised funds from various investors. His net worth is estimated to be around $2.2 billion.
Vijay Shekhar Sharma is an Indian billionaire entrepreneur, who is the founder and CEO of One97 Communications, which owns Paytm. According to Forbes, as of 2020 his net worth was estimated to be $3.5 billion.
Vijay Shekhar Sharma was born in Aligarh, Uttar Pradesh, India. He is a self-made billionaire and graduated from Delhi University in B.Com. His career has been focused on creating India’s digital payments industry, and he launched One97 in 2000 with just $240. Over the years his company has gone on to become one of the largest players in the digital payments industry in India.
One97 Communications, an Indian headquartered mobile internet company was founded by Sharma in 2000. The company is best known for its digital wallet, Paytm, which has revolutionized commerce in India and become the leading digital payments platform in the country. Sharma has helped build his company to become a leading player in the payments and e-commerce space. According to the 2019 financial results, the total income of the company was around 11,000 crore INR with a net profit of around 1,800 crore INR.
Sharma has also received numerous awards and accolades for his work, including the Padma Shri, which is one of the highest civilian awards in India, and the “Business Leader of the Year” award from Businessworld.
Sharma’s success and impressive net worth may partly be attributed to his determination and drive to make digital payments the norm in India. With his trailblazing efforts, he has helped make India one of the most connected countries in the world. He has also proven that hard work, dedication and ambition can help anyone achieve success and become a billionaire.
In conclusion, Vijay Shekhar Sharma’s success story is an inspiration to entrepreneurs everywhere. He has gone from humble beginnings to becoming a billionaire and revolutionizing the digital payments industry in India. His drive and ambition is remarkable, and his net worth is evidence of his unwavering commitment to making India a digitally connected nation.