Jay Shah Net Worth 2024

Jay Shah is the newly appointed ICC Chairman [X.com]Jay Shah is the newly appointed ICC Chairman [X.com]

Jay Shah, the secretary of the Board of Control for Cricket in India (BCCI) and the son of Indian Home Minister Amit Shah, is a prominent figure in the Indian cricket administration who is set to become the youngest ICC chairman. 

For someone who has been in the cricket administrator industry for over a decade, Jay Shah is not only one of the most powerful but also one of the most wealthy people.

In October 2019, Jay Shah was elected Secretary of the BCCI, making him one of the youngest to hold this position in the organisation's history. Furthermore, in 2021, Shah was also appointed as the President of the Asian Cricket Council (ACC), further consolidating his influence in the sport beyond India.

 Jay Shah's Net Worth 2024 

Jay Shah has a net worth of 124 crores [X.com]Jay Shah has a net worth of 124 crores [X.com]

As per reports from Times Now, Jay Shah's net worth is estimated to be around Rs 124 crores. Shah is one of the youngest millionaires amongst cricket administrators and has accumulated loads of financial wealth from different sources in the past decade. Additionally, the political ties with the central government also helps the Shah in his investments and business ventures to an extent.

Jay Shah's Source of Earnings 

Jay Shah did not take salary from BCCI [X.com]Jay Shah did not take salary from BCCI [X.com]

Jay Shah did not draw a fixed salary from the BCCI during his tenure as secretary. Instead, he was paid a daily allowance from Rs 40,000 to 80,000, depending on the nature of his meeting. The BCCI also covered Shah's travel and stay expenses. 

Jay Shah's primary source of income is through investment dividends. He is the director of Temple Enterprise, a company involved in commodities trading. In addition to this, Shah also owns a 60% stake in Kusum Finserve, a company based in Gujarat, and enjoys the profit generated from it. 

Jay Shah's House 

Jay Shah is known to reside in Ahmedabad, Gujarat, where his family has deep roots. Given his position in cricket administration, Jay Shah likely divides his time between Ahmedabad and Mumbai, where the BCCI headquarters are located. However, the exact details and value of his residence are yet unknown.

Jay Shah Car Collection

Jay Shah Car Collection (X.com)Jay Shah Car Collection (X.com)

As someone who holds significant roles in both business and sports administration, Jay Shah owns multiple luxury cars. His luxurious collection includes 

  • Lamborghini Aventador (Rs 5.62 Crores), 
  • Rolls Royce Phantom (Rs 9.50 Crores) 
  • Ferrari 488 (Rs 4.40 cr), and
  • Bentley Mulsanne (Rs 5.56 cr). 

All these vehicles offer a combination of luxury, space, and off-road capability, along with enhanced security features.

Jay Shah's Expenditure 

As the BCCI Secretary, Jay Shah's professional expenses, including accommodations, business-class flights, and other logistics, were covered by the board. However, his personal lifestyle, while relatively private, may include expenditures on luxury items such as high-end clothing, accessories and property investments. Given the family's status, Shah is also likely to spend money on personal security, including measures such as guards, surveillance, and secure transport options.

Jay Shah's Net Worth: FAQs

Q.1. Who is the new ICC chairman?

Answer: BCCI secretary Jay Shah was elected as the new ICC chairman unopposed and will take over charge formally from December 1, 2024.

Q.2. Who is the wife of Jay Shah?

Answer: Jay Shah married his childhood sweetheart, Rishita Patel, in 2015 in a traditional Gujarati ceremony. The couple, who met each other in college, is blessed with two daughters. 

Q.3. When did Jay Shah join the BCCI?

Answer: After a brief stint with Gujarat Cricket Board, Jay Shah joined the BCCI in 2015 as a member of the finance and marketing committee. He was later promoted to secretary role in 2019.

Q.4. Who is BCCI secretary

Answer: Jay Shah is currently the BCCI secretary. He will take charge as ICC chairman from December 1 and in the meantime, his successor will be appointed by the board.