Jay Shah Net Worth: Deeper Look Into His Luxury Lifestyle in 2022!

Jay Shah Net Worth: Deeper Look Into His Luxury Lifestyle in 2022!

Jay Shah is an Indian engineer and business leader best known as the son of India’s Home Minister, Amit Shah. Jay Shah is the president of the Asian Cricket Council as well as the secretary of the Board of Control for Cricket in India (BCCI) (ACC).

Jay Shah Biography:

jay shah net worthJay H. Shah is the Company’s Chief Executive Officer and Trustee. He has previously served as President and Chief Operating Officer of the company. He was a founding partner of Shah & Byler, LLP, a legal practice he formed in 1997. He formerly worked as a consultant for Coopers & Lybrand LLP and on Capitol Hill for Senator John Heinz.

Mr. Jay Shah holds a bachelor’s degree in hotel administration from Cornell University, a master’s degree in business administration from Temple University Fox School of Business, and a law degree from Temple University Beasley School of Law. Mr. Jay Shah had previously received the Cornell University Hospitality Innovator Award and was voted Hotelier of the World by Hotels Magazine in 2018.

He is a member of Cornell University’s School of Hotel Administration’s Dean’s Advisory Board. He is also a member of the American Hotel and Lodging Association’s Board of Directors. Mr. Jay Shah is the brother of Neil H. Shah, the Company’s President and Chief Operating Officer, and the son of Hasu P. Shah, the Company’s Chairman of the Board and Class II Trustee.

Jay Shah Net Worth:

As of October 29, 2022, Jay H Shah’s net worth is predicted to be at least $14.7 million USD. Mr. Shah holds approximately 5,300 units of Hersha Hospitality Trust stock worth $5,092,709, and he has sold HT shares for $6,125,722 during the previous 16 years. In addition, as Chief Executive Officer and Trustee of Hersha Hospitality Trust, he earns $3,510,990.

Early Years:

Shah married Rishita Patel, his college lover, in a traditional Gujarati wedding in February 2015. Prime Minister Narendra Modi, Pathik Shah, and other high-ranking government officials were present at the wedding.

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Career:

Jay Shah Net WorthShah was a director of Temple Enterprise, a firm that specialized in the sale of agricultural products and was created in 2004. In October 2016, the firm ceased operations. Shah holds a 60% share in Kusum Finserve, a company founded in 2015.

Shah became the joint secretary of the Gujarat Cricket Association (GCA) in September 2013 after serving on the executive board of the Central Board of Cricket, Ahmedabad, since 2009.

Along with his father Amit Shah, who was GCA president at the time, he oversaw the construction of the Narendra Modi Stadium, the world’s largest cricket stadium, in Ahmedabad during his tenure as joint secretary; the project was reportedly the brainchild of Indian Prime Minister Narendra Modi, who was the president of GCA before Amit Shah.

Shah joined the Board of Control for Cricket in India’s (BCCI) finance and marketing committees in 2015. In September of this year, he resigned as joint secretary of the GCA. [13] He was chosen secretary of BCCI for a one-and-a-half-year term the following month, making him the youngest of the five office-bearers. The BCCI named Shah as its delegate for future CEC meetings of the International Cricket Council in December 2019. Shah was elected President of the Asian Cricket Council in January 2021.

Family:

jay shah net worth

Siblings and Parents:

Amit and Sonal Shah have an only child, Jay Shah.

Wife & Children:

On February 15, 2015, Jay Shah married Hrishita Patel.

Hrishita is the daughter of Gunwant Patel, a Gujarati businessman, and is claimed to be Jay’s childhood pal. Jay and Hrishita have two daughters: Rudri, who was born in 2017, and another who will be due in May 2020.

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Controversy:

On October 8, 2017, The Wire, an Indian online news site, published an article headlined “The Golden Touch of Jay Amit Shah,” claiming that Jay Shah’s enterprises had seen an enormous income increase a year after the BJP took control at the center.

Serious corruption claims against Jay Shah were made in the narrative, which was released by an investigative reporter named Rohini Singh, along with supporting data that proved his company’s exponential development and financial problems. According to the investigative article, in the financial year 2014-15, a company owned by Jay Shah (Temple Enterprise; closed in 2016) made a profit of Rs. 18,728 on revenues of only Rs. 50,000, before jumping to an astounding turnover of Rs. 80.5 crore in the financial year 2015-16, a 16000-fold increase.

The article’s many disclosures sparked a political firestorm, with the opposing party requesting a Supreme Court-monitored investigation. In reaction to the narrative, Jay Shah filed an Rs. 100 crore defamation criminal complaint in Ahmedabad Court against seven respondents, including the article’s author and editors. Sections 500 (defamation), 109 (abetment), 39 (voluntarily causing severe harm), and 120 B of the Indian Penal Code were used to file the complaint (criminal conspiracy). The trial court is still hearing the matter.