Harshad Mehta Net Worth
Harshad Mehta's exact net worth in crores is difficult due to several factors:
- Lack of reliable sources: Information about his wealth comes mainly from estimations and media reports, which may not be entirely accurate.
- Illegal activities: His involvement in the 1992 stock market scam makes it challenging to track his true assets and liabilities.
- Confiscated assets: After the scam, authorities seized a significant portion of his wealth, making it unclear what remained.
However, based on available information, here's what we can gather:
- Estimates: His net worth at the peak of his career is estimated to be around Rs. 3,542 crores, which translates to roughly $475 million.
- Income tax: He paid the highest income tax in India in 1992, Rs. 24 crores, indicating substantial wealth.
- Lifestyle: His lavish lifestyle, including a 12,000 sq ft penthouse and luxury cars, further suggests significant wealth accumulation.
Important to remember:
- These are just estimates, and the true figure might be different.
- His wealth was primarily acquired through illegal means, not legitimate business practices.
- His actions had severe consequences for the Indian economy and numerous investors.
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