Vijay Shekhar Sharma Net Worth 2024, Paytm Founder Success Story, Biography

Paytm founder Vijay Shekhar Sharma is continuously in the headlines after the EBI action on Paytm Payments Bank. After this action, the company’s market cap fell drastically. Amid this fall in market cap, Vijay Shekhar Sharma net worth is also falling and most people are curious to know his current updated net worth in 2024. Let’s discuss Vijay Shekhar Sharma’s journey and what will he do for the survival of Paytm in the market.

Vijay Shekhar Sharma

Vijay Shekhar Sharma is a well-known entrepreneur in India and the founder of Paytm. He was born in Aligarh, India on 7th June 1978. Currently, he is 45 years old. He was earning just 10,000/month at the age of 27 and now earning ₹4 crores annually. The inspiration journey of Vijay Shekhar Sharma motivates every budding entrepreneur but the RBI action on his company was a crucial moment in his career. He is a B.Tech graduate and completed his education at Delhi Technology University. He owns 10.30% equity in Paytm indirectly through an overseas entity Resilient Asset Management BV in which he holds 100% equity.

Now, after the RBI bar on Paytm Payments Bank, the stock price of the company has crashed over 50% in just five days. This major crisis in Paytm leading a massive fall in his net worth as well. Previously, his net worth was $1.2 billion in the year 2022. His net worth was at its peak in the year 2019 but declined with time. After the restriction imposed by RBI on the customer’s deposit collection. Because of this action, there are a lot of business owners who switched to other platforms to get payment from customers.

The ongoing crisis in Paytm leading to a downfall in the Paytm market cap which is indirectly impacting the net worth of Vijay Shekhar Sharma. Currently, he owns various luxury assets. Vijay Shekhar Sharma is the top successful entrepreneur in India. His startup Paytm is an Indian multinational financial technology company with ₹309.2 billion. However, now the future of Paytm depends on the further actions to be taken by the company board and decisions to solve the current issue that violating the RBI rules.

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