⬅ # 629 Rajiv Bajaj|# 631 Ruan Liping ➡

# 630 Sanjiv Bajaj 

$5.27B

Real Time Net Worth
as of 11/21/2024
$44.4M (0.84%)

# 630 Sanjiv Bajaj 

$5.27B

Real Time Net Worth
as of 11/21/2024
$44.4M (0.84%)
OccupationChair and Managing Director, Bajaj Finserv
Source of WealthDiversified
Age55
ResidencePune, India
Marital StatusMarried
Children2
EducationMBA, Harvard Business School; Bachelor of Engineering, Pune University; MS in Engineering, The University of Warwick
Age-Adjusted Net Worth$7.40B
Sanjiv Bajaj
Sanjiv Bajaj
India
Net worth: $5.27B

Self-Made Score 

Mido Multifort Chronograph Special Edition - Black Dial

Biography

Overview

Sanjiv Bajaj is an Indian billionaire businessman, known for his leadership at Bajaj Finserv, a prominent non-banking financial services company.
He is the great-grandson of Jamnalal Bajaj, the founder of the Bajaj Group, and the son of Rahul Bajaj, the former chairman of the Bajaj Group.
Bajaj oversees the financial services arm of the conglomerate, which includes insurance joint ventures with Allianz, among others.

Early Life and Education

Born on November 2, 1969 into the Bajaj family, Sanjiv attended a Swiss missionaries-run Catholic convent school.
He pursued his mechanical engineering degree from the University of Pune, a masters degree in manufacturing systems engineering from the University of Warwick, and completed his management degree from Harvard Business School.

Career

Began his career in 1994 with Bajaj Auto, where he held various roles including finance, legal, and international business functions.
Introduced American-style supply chain management at Bajaj Auto, drawing inspiration from General Motors.
Took charge as the managing director of Bajaj Finserv after the company's demerger in 2007.
Under his leadership, Bajaj Allianz General Insurance became the 2nd most profitable insurance company in India by 2017.
Led the launch of Bajaj Finserv Mutual Fund in the Indian market in 2023.
Held leadership positions in the Confederation of Indian Industry (CII), including President, Vice President, and Chairman of the Western Region.

Controversies

In January 2022, Bajaj and his company's management faced threats of a possible cyber security attack from a hacker.

Personal Life

Sanjiv Bajaj is married to Shefali Bajaj and has two children.

Bajaj Finserv and Its Subsidiaries

Bajaj Finserv Limited is an Indian non-banking financial services company headquartered in Pune, focusing on lending, asset management, wealth management, and insurance.
It was formed in 2007 after the demerger from Bajaj Auto Limited.
Operates subsidiaries including Bajaj Finance, Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, Bajaj Housing Finance, Bajaj Finserv Asset Management Company, Bajaj Finserv Direct, and Bajaj Finserv Health.
Adopted blockchain technology in 2017 for services like travel insurance and extended its utility to enhance trader and customer connections by 2023.
Active in wind energy generation with an installed capacity of 65.2 MW.
Experienced changes in promoter holdings, with Jamnalal Sons increasing its stake in a block deal in December 2022.

Sanjiv Bajaj's Wealth is Equivalent to:

4,060,046 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

997,919 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

53,902 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Sanjiv Bajaj?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Sanjiv Bajaj's net worth of $5.27B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Sanjiv Bajaj is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Sanjiv Bajaj, Diversified is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey