In addition to being a successful businessman, Harshad Mehta was also the largest stock market manipulator and a multimillionaire whose exciting life story was turned into the plot of a Bollywood film and web series. At his height, he was one of India’s wealthiest individuals and possessed some of the most pricey automobiles. You will know about Harshad Mehta net worth and more info from this article.
Atur Harshad Mehta may be unknown to you, yet he has had a significant impact on the Indian financial markets. He was raised in Mumbai by a Jain family, and his father ran an import-export company. Atur was driven to achieve his goals despite his family’s financial constraints and put in a lot of effort to pay for his education.
Harshad Mehta Bio
Born in Rajkot, Gujarat, in 1954, Harshad Mehta, also known as Harshad Shantilal Mehta, was a late stock market dealer. The man lived a straightforward life in Gujarat before moving to Mumbai after finishing school. He experimented with a number of sales positions before settling down with Mumbai’s New India Assurance Limited (NIACL).
After leaving his work in the 1980s, he joined a brokerage firm where he met Prasann Pranivandas and continued to learn a lot about the stock market. He taught him how to trade stocks, and as a result, he became known as “Big Bull” and the “Amitabh Bachchan of the Indian stock market.”
Atur was raised in Mumbai and was born into a small business family. His mother was a stay-at-home mom, while his father ran an export-import company. He became interested in economics and money as he grew older. He majored in commerce and graduated with a degree in banking and finance from the Xavier Institute of Management and Research in Bombay.
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Indian stockbroker and businessman Harshad Shantilal Mehta was a participant in the 1992 securities fraud. He is regarded as a financial prodigy who altered the Indian Stock Market’s appearance. His phenomenal climb to stardom was matched by an equally stunning fall from grace. When he passed away from a heart attack on December 31, 2001, he was only 47 years old.
The late Harshad Mehta went from being a businessman and an Indian stockbroker to becoming one of the major wigs of the stock market throughout the 1990s. He became the talk of the town. The homes Harshad Mehta owned in Mumbai and his extravagant lifestyle turned this legend into a well-known stockbroker in India.
Harshad Mehta Net Worth & Salary
So, what is Harshad Mehta’s current market value? Harshad Mehta’s net worth is reportedly more than $480 million, or more than 3566 crores in Indian rupees, according to a number of sources.
According to our most recent database, Harshad Mehta’s estimated total net worth was more than $7 billion US at the time of his passing. However, as he was not known to divulge his income information, it is impossible to verify this sum.
Houses & Office
Harshad Mehta’s property portfolio also includes two further flats in one of Mumbai’s affluent neighborhoods, in addition to a lavish residence in Worli and a collection of pricey automobiles. The property owned by Harshad Mehta is located in Vandana CHS on Janki Kutir Road in Juhu. Mehta has two apartments, each of which is 1,150 square feet in size and has a breathtaking sea view.
Harshad Mehta also owns the Growmore Research and Assets Management office in Maker Chambers at Nariman Point, Mumbai, in addition to his residences. Mehta’s office took up an entire level and was situated in one of the priciest areas.
Harshad Mehta’s Scam
Mehta used a variety of strategies to increase stock values by up to 40 times their initial worth, including getting dishonest authorities to sign phony checks, taking advantage of market weaknesses, and manipulating data. The method allowed for the fraudulent acquisition of unsecured loans from banks by stock dealers who made money.
Mehta had a significant impact on the Indian markets as a whole in addition to gaining money for himself. His innovative techniques led to a brand-new wave of investment opportunities that drew both domestic and foreign investors into India’s burgeoning economy at the time.