With the highest investment in Shark Tank season 3, the Shark Amit Jain has surely raised the eyebrows of many. The former engineer and present entrepreneur Amit Jain’s net worth will surprise you even further.
The owner of CarDekho is not just showing us cars but the ways to invest in them too, while paving the way for his own financial success. Know more about Amit Jain’s Net worth growth, his wealth and assets here.
Who is Amit Jain?
Amit Jain, as we all popularly know after Shark Tank, is the CEO and co-founder of CarDekho. The company is actually a startup venture by the parent IT externalising company, GirnarSoft.
Right from his debut in Shark Tank season 2 in the place of Ashneer Grover, Amit Jain is catching the limelight for his big investment drives and a special eye for female-oriented startups. The 48-year-old businessman proudly claims himself to be an angel investor, too.
His Early Life and Education
Born on 12th November 1976 in Jaipur, Amit Jain is showcasing that every regional player can set their eye on the metropolitan with the right education, skills, and vision. However, business was in his genes as his father, Mr Prasant Jain, was a gemstone businessman besides being an RBI officer. Amit Jain completed his studies in Jaipur and Delhi IIT.
Personal Details of Amit Jain
| Amit Jain’s Schooling | Saint Xavier’s School, Jaipur and IIT Delhi |
| Father | Prasant Jain (Former RBI Officer) |
| Mother | Nilma Jain (Homemaker) |
| Wife | Pihu Jain (Vice president of GirnarSoft) |
| Brother | Anurag Jain (Co-founder and Chief Operating Officer of CarDekho) |
Net Worth of Amit Jain
Amit Jain’s net worth in dollars and INR is $365 million and ₹3000 crore, respectively. The numbers are huge and you will be surprised to know that in terms of net worth, Amit Jain even surpassed some of the Sharks of the USA. Amit Jain alone has more wealth than the 5 other judges of Shark Tank, India together.
Factors Contributing to the Net Worth of Amit Jain
Revenue from CarDekho
Amit Jain’s net worth growth has much to do with his career as an entrepreneur with CarDekho. Amit, along with his brother Anurag, started their start-up venture from the small garage of their home. After facing an initial bankruptcy, the duo thought of starting an online venture with CarDekho.
The company deals with services like automobile buying/selling along with car reviews and secure suggestions for cars according to the financial condition of the buyer. The company currently is running with a valuation of $1.2 billion or approximately Rs. 9,769 crores, which significantly aids Amit Jain’s net worth.
Popularity through Shark Tank
Besides his own startup company Amit Jain’s income gets a massive impetus after his debut in Sony TV’s Shark Tank India. Among all the sharks, he reportedly earns a salary commensurate with his status as the richest shark on the show. There are rumours that the co-founder of CarDekho claims Rs.7 lakh for each episode of the show.
While investing, you can see him taking an interest in young, talented individuals from tier II or even tier III cities. Probably, he wanted to support those who were exactly like him when he was in the struggling phase of life.
Angel Investing
Amit Jain also is an angel investor as we can see from his strategic investments in the Sony TV show. He considers e-commerce and technological fields to be his main grounds of investment. Besides, he has a particular eye for investing in female-led startups as he wants more women of India to come up front in business ventures. All of his strategic investments and rightful initiatives are adding a substantial amount to his gross and net financial value.
Wealth and Asset
The entrepreneur has a lavish house in his home city which is the Pink City, Jaipur. There, he lives with his family. Previously, Amit Jain used to live in Bangalore, but after his father’s death, he decided to move to his hometown.
Car Collection
Talking about Amit Jain’s car collection, the businessman has recently disclosed having the Mercedes-Benz E Class 350D. The luxurious car is worth ₹87.50 lakh in India.
Lesser-known Facts About Amit Jain
- Amit Jain lost around ₹1.5 crore in the stock market during the economic recession of 2009. This led him to bankruptcy and a state where he struggled to pay his employees their salary.
- Before becoming an entrepreneur, the IITian worked at TCS for a year and 7 years at Trilogy, a US-based multinational firm.
- It was his love for cars that made him attend the Auto Expo in 2008, which paved the ground for him to find his CarDekho company.
- Beyond the CarDekho company, the GirnarSoft Group has other companies like BikeDekho, Powerdrift, ZigWheels, etc.
- Amit Jain has two sons, Ayaan Jain and Aahil Jain, who are twins.
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