Azim Premji Net Worth in 2020

What is Azim Premji net worth?

Total Price: $ 4.5 billion
Ages: 75
Arising: 24 July 1945
country of origin: India
Sources of funds: Businessman
Last Updated: 2020

introduction

Azim Premji is an Indian business tycoon, investor, engineer and philanthropist, president of Wipro Limited. Premji is informally known as the Qajar of the Indian IT industry.

As of 2020, Azim Premji has total assets of $ 4.5 billion.

early life

Azim Hashim Premji was born on 24 July 1945 in Mumbai, India.

Premji is a Gujarati Muslim, and his family is originally from Kutch. His father, Mohammed Hashim Premji, was a noted businessman in his time and was also called the ‘Rice King of Burma’.

Azim Premji earned a Bachelor of Science degree in Electrical Engineering from Stanford University. This is almost equal to the importance of a bachelor’s degree in engineering in India.

The business

Premji’s career began in 1966 when he had to decline his education at Stanford University upon receiving news of his father’s demise and returned home to take charge of his father’s company, which started in 1945.

At the time, Wipro was operating in a small town in Maharashtra under the name Amalner and worked at Sunflower Vanasati, 787, a laundry soap brand for cooking oil, and cooking oil production.

Premji managed to diversify its offerings by beginning to produce bakery fat, a variety of lights and related products, toiletries made from locally available materials, hydraulic cylinders, hair care soaps and toiletries for babies.

He changed his company name to Wipro and started making microcomputers for high technology products to gain entry into the sector.

In this project, he collaborated with Sentinel Computer Corporation, an American organization. Very soon, he made a complete transition from fast-growing goods to the technology industry for the consumer industry.

As of 2020, Azim Premji has total assets of $ 4.5 billion.

Highlight

Some of the best glimpses of Azeem Premji’s career are as follows:

  • Chairman of Wipro Limited
  • Azim Premji Foundation (2001)
  • India Today magazine ranked him 9th among the 50 most powerful people on the 2017 list.

Favorite Quotes from Azim Premji

“With my focus on my wealth, I thought I had become a source of resentment, but this is just the other way around – it just creates a lot of ambition in many people.” – Azim Premji

“The Indian community in Canada is much better than the Indian community in the United States. They have become Canadian while retaining all their Indian characters and customs and social groups. ” – Azim Premji

“If the United States wants access to the Chinese, Indian or Vietnamese markets, then we should have access to them. American protectionism is very subtle, but it is much more. – Azim Premji

“I think any money creates a sense of trusteeship … it is characteristic of the new generation who has made some amount of liability for it.” – Azim Premji

“Character is a factor that will guide all our actions and decisions. We invested in uncompromising integrity which enabled us to stand tough in some of the toughest business situations. ” – Azim Premji

3 leadership lessons from Azim Premji

Now that you know about the total wealth of Azeem Premji and how he achieved success; Let’s have a look at some of the lessons we can learn from:

1. Be Smart

The 69-year-old philanthropist believes that change is inevitable. And so he advises everyone to develop their own early warning system, which sets alarms and prepares one for further changes.

2. Know Your Strength

While it is important to know one’s weaknesses, it is equally important to know one’s strengths.

3. Stick to Your Values

They believe that one’s value system is the core of the business. Premji has the time and stressed the need to stick to values ​​again as he strongly believes that commercial success ultimately but inevitably follows.

Once you believe that you stand with him in any circumstances and do not compromise with him, he has said that he becomes flexible to stand in crisis, entrepreneurs have great quality !

Summary

Azim Premji is an Indian business tycoon who is the chairman of Wipro Limited, a multinational IT consulting and systems integration services company. At various times in his life, Premji was one of the wealthiest Indians on the planet and one of the richest people in the world.

As of 2020, Azim Premji has total assets of $ 4.5 billion.

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