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Azim Hasham PREMJI

Primary Position:
Chairman
Primary Company:
Wipro
Estimated Net Worth:
At least $15.5 billion
Source of Wealth:
Inheritance/Self-made
Age:
71
Birthday:
24 July 1945
Religion:
Muslim
Nationality:
India
Hometown:
Mumbai, Maharashtra, India
Marital Status:
Married

Biography

Father Mohamed H. Hasham Premji founded Western India Vegetable Products in 1945. The company was focused on producing hydrogenated vegetable oils and fats. He took the company public on the Bombay Stock Exchange in 1946. He died in 1966. Azim Hasham Premji: After his father's death in 1966, he dropped out from Stanford University to join Western India Vegetable Products at the age of 21. In 1968, he became the Chairman, CEO and Managing Director. He diversified the company's products to soaps, baby care products, shampoos ...

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Education History

Institution Name:
Stanford University
Qualification Name:
Dropped Out
Education Type:
Undergraduate
Start Date:
1964
End Date:
1966
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Interesting Facts

In 2013, Premji signed the Giving Pledge, initiated by Warren Buffet and Bill Gates, promising to donate the majority of his wealth to charity. He said, "I strongly believe that those of us, who are privileged to have wealth, should contribute significantly to try and create a better world for the millions who are far less privileged."

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Sports - Cricket
Description: Was fond of playing cricket in his younger days.

Kind of Interests, Passion and Hobbies: Outdoors - Running/Jogging
Description: Premji likes jogging; reportedly prefers to walk to work.

Kind of Interests, Passion and Hobbies: Reading
Description: His favorite book is "The Enchantress of Florence," by Salman Rushdie.

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Philanthropy

Giving Profile: Generous philanthropic donor. Lifetime giving exceeds $8 billion. Founder and Chairman of the Azim Premji Foundation, which primarily supports education and health related causes. In 2001, he started the foundation earmarking Wipro shares worth $125 million. The foundation works on reforming India's examination system benefiting 20,000 schools and 2.7 million children. Its initiatives include: Teacher Education, where they worked with more than 50,000 government school teachers across eight states of India; the Education Leadership and Management Program, where they developed about 3,500 education functionaries in Karnataka, India; changed examination pattern in five Indian states in 2002; initiated the Computer Aided Learning program to support computer technology for education in 18 languages; and established Azim Premji University, a nonprofit university in Bangalore, India, to award degrees in teacher training. Founder of the Wipro Equity Reward Trust, which allows Wipro employees to acquire equity stakes in Wipro. Also set up Wipro's Gujarat Earthquake Relief Fund and donated more than $300,000 for the needy and affected citizens of Gujarat, India. In 2010, Premji donated Wipro shares worth $2 billion to his foundation. He signed the Giving Pledge to donate the majority of his wealth to charity. In 2013, he donated an additional $2.2 billion in Wipro shares to the Azim Premji Foundation. In July 2015, he donated another 18% of his stake in Wipro to the trust totaling his lifetime giving at 39% of his Wipro stake, valued at approximately $8 billion.

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