Azim Premji — the renowned billionaire businessman behind Wipro’s mammoth growth as a multinational conglomerate — is also famously known for his philanthropic endeavours. He is not only the first Indian to sign up for the Giving Pledge, donating most of his wealth to charity but he’s also founded Azim Premji Foundation, a non-profit organization.
Azim Premji recently made headlines for gifting his sons and IT company scions Wipro shares worth Rs 500 crore. According to Mint, the entrepreneur gave over 51 lakh shares each to his kids, with the siblings now owning a 0.13 percent stake each in the conglomerate. Azim Premji now owns 4.12 percent shares of Wipro while his wife, philanthropist Yasmeen Premji owns 0.05% share, bringing the Premji family total to 4.43 percent stake in Wipro…
Meet the brothers who were gifted shares worth Rs 500 crore from their billionaire father Azim Premji:
Azim Premji’s sons Rishad Premji and Tariq Premji are continuing their father’s famed legacy by playing pivotal roles in Wipro, the Bangalore-headquartered global information technology, consulting and business process services company. Rishad Premji took over from his father as Executive Chairman of Wipro while Azim Premji remains on the company board as the Non-Executive, Non-Independent Director. Rishad started his career at Wipro as Business Manager to Chief Strategy Officer, before taking over the reins of the family business as Chairman. Wipro’s revenue, according to Forbes, stands at an impressive $11.3 billion (approximately Rs 94,353 crore).
Tariq Premji currently serves as Non-Executive Director at Wipro Enterprises and Vice President at Azim Premji Endowment Fund, an entity set up by his father to fund his philanthropic initiatives. Wipro Enterprises, Wipro’s non-IT business, has Wipro Consumer Care and Lighting (WCCLG), an FMCG company, and Wipro Infrastructure Engineering (WIN), a hydraulic cylinder manufacturer, under its umbrella. Earlier, Tariq was a part of the founding team at PremjiInvest, the family investment office. He’s currently serving on the Investment Committee that oversees the management of $5 billion (approximately Rs 41,749 crore) in assets. Both Premji siblings are Board Members of the Azim Premji Foundation.
What is Azim Premji’s net worth?
Azim Premji continues to be one of the richest people in the world in 2024. According to Forbes’ World Billionaires 2024 list, the tech magnate ranks 165th with a staggering net worth of $12 billion (approximately Rs 1 lakh crore). He’s is also India’s 13th richest person.
Rishad Premji & Tariq Premji’s educational qualifications
Rishad Premji did his schooling at The Cathedral and John Connon School, Mumbai. The businessman holds a Bachelor’s Degree in Economics from Wesleyan University, and an MBA from Harvard Business School, both in the US. Rishad is married to his childhood friend Aditi Premji, and they have a daughter Rhea and a son Rohaan.
Tariq Premji holds a Bachelor’s Degree in Commerce from Bangalore University.
