How Much Is Vijay Shekhar Sharma Net Worth 2023?– Vijay is a successful Indian technology entrepreneur and a wealthy business magnate. He established One97 Communications in 1997 and later launched Paytm as its consumer brand in 2010.
In January 2022, he was appointed as the UA Ambassador in India by the ICANN-supported Universal Acceptance Steering Group. As of September 2022, Forbes estimated his net worth to be $1.1 billion.
How Much Is Vijay Shekhar Sharma Net Worth 2023?
Vijay’s net worth in 2023 is $2.4 Billion. A successful serial founder named Vijay exemplifies the saying “perseverance pays off,” as he finally achieved blockbuster success with Paytm. Paytm, one of the most successful startups to come out of India, is set to go public today after a $2.5 billion initial public offering last week.
However, things were not always smooth sailing for Sharma. Just a few years ago, he was making only Rs 10,000 per month through his company, and his father was urging him to take a job that paid only Rs 30,000.
At the age of 27, Sharma was trained as an engineer and worked for a small company selling mobile content. During an interview with Reuters, he revealed that his modest salary was affecting his chances of finding a suitable partner.
Prospective brides’ families would not contact him again after discovering his monthly income was around Rs 10,000. As a result, he felt like an ineligible bachelor in his family’s eyes.
VSS, also known as Sharma, is the driving force behind the success of the company. He exudes palpable confidence and once asked Masayoshi Son, SoftBank’s founder, about his chances of success. Son advised him to raise more funds, double down, and focus solely on building payments, unlike competitors who diversified into other industries.
Fast forward to 2021, Paytm launched its $2.5 billion initial public offering on November 8 and collected Rs 18,300 crore through the IPO. The share sale’s issue size was revised from Rs 16,600 crore, surpassing Coal India and Reliance Power in terms of the issue size.
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Source: Explore
