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Vivek Chaand Sehgal Net Worth

Net Worth: $5.1 Billion
Source of wealth:

Auto parts

Full Name Vivek Chaand Sehgal
Birth Place India
Date of Birth Feb 01, 1957 (age 62)
Nationality Australian
Ethnicity Indian
Occupation Businessman
Marital Status Married
Children 2
Education Delhi University (B.A.)
Last Updated
Oct 18, 2018

About Vivek Chaand Sehgal

Born on February 1, 1957. Indian-born Australian businessman Vivek Chaand Sehgal had an estimated net worth of $3.1 billion as of August 2015, according to Forbes. This rose to $5.1 billion as of October 18, 2018. He graduated from Delhi University with a BA and BS. Vivek Chaand Sehgal is the co-founder and Chairman of Motherson Sumi Systems, an auto part manufacturer. Together with his mother, Vivek Chaand Sehgal established the Samvardhana Motherson group, which is the parent company of Motherson Sumi Systems, in 1975. The privately held firm is India’s leading auto parts producer and supplies parts from interior trims to door panels, having an annual revenue of $6.1 billion that amasses Sehgal’s bulky net profit. He purchased the U.S firm Stoneridge which offers productions of wire harness. In order to provide enough budget for the newly acquired firm, the billionaire helped raise $640 million via bonds. He also serves as Executive Officer of Sumitomo Wiring Systems Ltd. In 2015, Forbes listed him as World’s 663th richest person and Ausralia’s 8th richest. Despite he lives in Delhi, India, Vivek Chaand Sehgal also holds Australian citizenship. A husband and a father of two, Vivek Chaand Sehgal is a religious individual who has a number of temples constructed within several of his industrial plants.