Jay Shah, a prominent figure in cricket administration and the newly elected Chairman of the International Cricket Council (ICC), has garnered significant attention not only for his role in the sport but also for his impressive financial standing. As of January 2025, his estimated net worth is approximately ₹124 crore.
Overview of Jay Shah’s Net Worth
Financial Background
Jay Shah, who is also the Secretary of the Board of Control for Cricket in India (BCCI), has built a substantial portfolio over his career. His net worth reflects a combination of earnings from cricket-related positions and successful business ventures. Notably, he has not drawn a regular salary from the BCCI; instead, he receives a daily allowance ranging from ₹40,000 to ₹80,000 depending on the nature of his meetings.
Sources of Income
- Cricket Administration:
- As Secretary of the BCCI since 2019 and President of the Asian Cricket Council (ACC), Shah has played a pivotal role in enhancing the financial health and global reach of cricket in India.
- His recent election as ICC Chairman further elevates his profile within the sport.
- Business Ventures:
- Temple Enterprise: Shah serves as a director at this company, which is involved in commodities trading.
- Kusum Finserve: He holds a 60% stake in this Gujarat-based financial services company, which contributes significantly to his income through dividends and profits generated by its operations.
Growth Trajectory
Jay Shah’s rise in net worth is indicative of his strategic approach to both cricket administration and business management. His influence within cricket has been marked by initiatives that have led to increased revenues for the IPL and other cricketing ventures, positioning him as one of the youngest millionaires among cricket administrators.
Conclusion
As Jay Shah continues to navigate his roles in both cricket administration and business, his net worth of ₹124 crore as of January 2025 reflects not only his success but also his potential for further growth in the coming years. With significant responsibilities on an international scale as ICC Chairman, he is poised to make impactful decisions that could enhance both his career and the sport globally.