In this article, We are going to deep dive into Harshad Mehta Net Worth, Harshad Mehta assets, and Harshad Mehta Properties. Harshad Mehta was an Indian Stock Broker. He was a millionaire and with his intelligence, he had earned a lot more money than an average stockbroker. Harshad Mehta was born in Rajkot in the year 1954 on 29th July and died in the year 2001 on 31st December.
Harshad Mehta net worth was $475 million which is calculated to be around 3542 crores of rupees INR. In the stock market, he was called The Big Bull, and also people used to call him The Amitabh Bachchan of the Stock Market. Here, in this article, we will about the detailed net worth of Harshad Mehta, his income, his salary, his assets, and many more things about him.
Harshad Mehta’s net worth was $475 million, approximately 3542 crores of rupees INR.
We are discussing Harshad Mehta Net Worth, Salary, Income, Assets, Properties, and more:
Harshad Mehta’s Net Worth
Harshad Mehta took advantage of the loopholes in the market and earned a huge amount of money in the year 1992. His total net worth was $475 million which is equal to 3542 crores of rupees INR. His monthly income was more than 1.5 million rupees. In a year, Harshad Mehta use to make more than 18 million rupees. At that time, he was the highest taxpayer in our country.
Harshad and his brother Ashwin Mehta use to do business together, however, after the death of Harshad Mehta he handled business alone. He alone cleared all the debts and the NPAs in his brother’s name after his death. As per the sources, he paid around 1700 crores of rupees. He did a big scam on the securities in 1992 and earned a huge amount with the scam.
Harshad Mehta’s Cars
Harshad Mehta was very rich and had many expensive cars. His huge and expensive collection includes the Lexus Starlet, Toyota Corolla, BMW, Toyota Sera, Mercedes, Range Rover, and many others.
Harshad Mehta’s Property
Harshad Mehta’s financial fraud in 1992 was calculated to be $1.4 billion. However, it is believed that he did not commit fraud but took advantage of the loopholes in the law at that time. He had his Growmore Research and Asset Management office in Nariman Point. It covers a whole floor and is very expensive.
Harshad Mehta’s net worth was estimated to be around 3542 Crores
Nariman Point is one of the most expensive places where he owned his office. Harshad Mehta used to live in a sea-facing area in Worli. The area where his house is situated is one of the most expensive places. The worth of his house is in Crores. Harshad Mehta also owns many other expensive real estate properties around the country.
What did Harshad Mehta do?
Harshad Mehta took advantage of certain loopholes in our law in 1992. He committed systematic financial fraud in the stock market, earning a tremendous amount of $1.4 billion. He created a huge diversion of amounts from the banking industry of our country to the stock market of our country. He did a fraud of billions to buy stocks from the Bombay Stock Exchange from the banking industry.
The banking industry in that year had to go through the loss of more than 4000 crores of rupees (INR). The stock market crashed badly and had to suffer a huge loss. Many investors also had to go through big losses due to this scam. It is believed that this was the biggest scam that ever happened in the history of our country. Harshad Mehta used to take such loans from banks now and then, and he used to manage to return those loans easily and even earn a lot more than the other investors. But in 1992, he failed to return his loans taken from the banks, and the biggest collapse ever happened in the market.
About Harshad Mehta
Harshad Mehta was born in the year 1954 on 29th July. He was born in Rajkot and spent some years in Mumbai, where he moved to Raipur. He completed his basic studies at Janta Public School and then moved to Mumbai to further his studies. He completed his graduation degree from Lala Lajpat Rai College. Then, after graduation, he did different kinds of jobs. He did diamond sorting, he did a job selling cement, he worked as an accountant, and he did many other various kinds of jobs.
Harshad Mehta’s net worth was $475 million, which is calculated to be approximately 3542 crores of rupees INR.
Then, he got exposure to the stock market and became more interested in it than any other job. He first worked as a jobber in the stock market. He learned how the stock market works, and then soon, in the late 80s, he started his own company called Growmore. It was a research and asset management company. He started doing good, and their company used to get many big investors. He started earning more and more from the stock market, and very soon, he became the highest taxpayer in our country. He used to trade in shares of various popular companies.
Harshad Mehta’s Wiki
| Name | Harshad Mehta |
| Date of Birth | 29th July 1954 |
| Date of Death | 31st December 2001 |
| Nationality | Indian |
| Education | B.Com |
| Parents | Shantilal Mehta and Rasilaben Mehta |
| Siblings | Sudhir Mehta, Hitesh Mehta and Ashwin Mehta |
| Children | Atur Mehta |
Harshad Mehta’s Wealth Dependency
Harshad Mehta does not have to depend on anyone for his income. He was very brainy and used to invest passionately in the Stock Market and get huge returns. In the 90s, he was the highest taxpayer in our country. Harshad Mehta’s net worth has grown significantly over the last few years due to his accurate investments in the stock market.
Facts about Harshad Mehta
- Harshad Mehta was from a Gujarati Jain Family.
- He was a stockbroker who, in 1992, committed the biggest scam in the stock market in our country’s history.
- His father was a textile businessman, and Harshad spent some years of his childhood in Mumbai. He then went to Raipur and returned to Mumbai to complete his further education.
- After completing his graduate degree in commerce from Lala Lajpat Rai College, he worked for eight years in different sectors.
- In 1984, he became a jobber member of the Bombay Stock Exchange as a jobber, and soon, he learned more about stocks and established his own company, Growmore Research and Asset Management company.
- Harshad Mehta had invested in popular companies such as Apollo Tyres, Reliance, Videocon, BPL, and many others.
- His business was so successful, talented, and smart that people started to know him as The Big Bull. Some also used to call him The Amitabh Bachchan of the Stock Market.
- However, in 1992, Journalist Sucheta Dalal dug into Harshad Mehta’s case. She investigated various sources, and after a lot of effort and hard work, she brought to people’s attention the biggest scam that had ever happened in the history of India: Harshad Mehta.
Frequently Asked Questions about Harshad Mehta
What was Harshad Mehta’s total net worth?
Harshad Mehta’s net worth was calculated to be $475 million, equal to 3542 crores of rupees INR.
How much does Harshad Mehta use to make in a year?
Harshad Mehta made an income of more than 18 million rupees INR in a year.
How much does Harshad Mehta use to make in a month?
Harshad Mehta made an income of more than 1.5 million rupees INR in a month.
What does Harshad Mehta use to do?
Harshad Mehta was an Indian Stockbroker.
When did Harshad Mehta die?
Harshad Mehta died in the year 2001 on 31st December due to some heart complications.
Was Harshad Mehta married?
Yes, Harshad Mehta was married to Jyoti Mehta. The couple has a son named Atur Mehta.
What nationality was Harshad Mehta of?
Harshad Mehta was of an Indian Nationality.
What qualification did Harshad Mehta have?
Harshad Mehta was a Bcom graduate.
Who were the parents of Harshad Mehta?
Harshad Mehta’s parents were Shantilal Mehta and Rasilaben Mehta.
What was the birthplace of Harshad Mehta?
Harshad Mehta was born in the Panel Moti, Rajkot, Gujarat.
Conclusion
Harshad Mehta was a very rich stockbroker and the highest taxpayer in our country. His net worth was estimated to be around $475 million, equal to 3542 crores of rupees INR.
Harshad Mehta’s net worth was approximately estimated to be $475 million
In a month, it was estimated that Harshad Mehta used to make more than 1.5 million rupees INR. In a year, it was estimated that he used to make more than 18 million rupees INR.
