Harshad Mehta Net Worth – Lifestyle, Car, Wife, Son, Family, Age

Harshad Mehta Net Worth in 1992 is 475 Million Dollar. Harshad Mehta is a famous Indian stockbroker. He is not just a simple stock broker like others he is called the big bull or Amitabh Bachchan of the Stock Market. In 1992 he was involved in a 500 crore rupees scam which he bought from SBI without anything Bank Receipt. In today’s article, we will discuss Harshad Mehta Net Worth, Wife, Family, Age, Son, Lifestyle, and many other things and also discussing that how he has lived a life that even celebrities and cricketers were dreamed to have.
Quick Bio  
Full Name Harshad Mehta
Nick Name Sonu
Net Worth2021 475 Million Dollar
Net Worth in Rupees  3452 Crore Rupees
Height in Feet 5 Feet 8 Inch
Age 47 Years Old in 2001
Monthly Salary 1.5 Million Rupees

Harshad Mehta Net Worth:

Harshad Mehta Net Worth in 2001 is 457 Million Dollars. The net worth of Harshad Mehta depends on his earnings through the stock market and also owns a company Growmore where they manage other people’s money by investing in the stock market. He was found of making money from the stock market he always buys shares of that company that is undervalued and later invests all of his assets to buy company shares. Then, the share price goes high due to an increase in buying ratio of the Shares.

After that people start assuming that this share will give them a high return in the future and then they invest. Harshad is a mastermind, he waited for the perfect time and sell his share at a very high price and earn a Profit.

From the very beginning, his goal is to make money no matter what the platform is, what the Sources are he is just found of making money. Above all, For this technique, people needed strong capital to stick themselves in the crises time for that he took the help of banks money to manipulate the stock prices.   

Harshad Mehta Net Worth 2021: 

Real Name Harshad Shantilal Mehta
Harshad Mehta Net Worth 475 Million Dollars 
Harshad Mehta Net Worth in Rupees 3450 Crore Rupees
Harshad Mehta Income (Yearly) 18 million Rupees
Harshad Mehta Death December 31, 2001
Harshad Mehta Son 5 Feet 8 Inch
Harshad Mehta Wife  73 Kg
Harshad Mehta Age  Died at the age of 47

Harshad Mehta Net Worth in Rupees :

Harshad Mehta net worth in Rupees is 3452 Crore Rupees. Imagine you are in your 30’s and you have money then you can’t even count. At that time even Bollywood celebrities or politicians even don’t have much net worth that Harshad Mehta has. He has a Lexus car which cost is around 40 Lac Rupees in 1990. He was living in a Luxurious House which worth is 30 Crore Rupees having 3 huge bedrooms with a Sea facing view Balcony.

But the reality is all of the Harshad Mehta net worth was coming by making the irregular transaction in the Stock Market. He uses the bank’s money to invest and Maniplute the Share Price from 200 to 9000 Rs in just 15 days. From 1984 to 1992, Harshad Mehat Net Worth has raised to 36% every year. 

Harshad Mehta Net Worth
Harshad Mehta Net Worth

Physical Appearance (Harshad Mehta Height):

Age Died at 47 Years
Height in cm 173 cm
Height in Feet 5 Feet 8 Inch
Weight in Kg 73 Kg
Chest Size 38 Inches
Waist Size 32 Inches
Biceps Size 13 Inches

Harshad Mehta Biography:

Harshad Mehta was born on 29 July 1954 in Rajkot district of Gujarat. He is a professional Stock Market Broker known for his high taking risk and his investment strategies to manipulate the Shares in Stock Market. He was born in Rajkot but shifted to Mumbai. Later moved to Ranipur and completed his schooling at Janta Public School in Bhilai. After completing his education he moves to Mumbai again and took admission to Lala Lajpat Rai College and earn a B.Com Degree.

Harshad was interested in doing business from his childhood but he was completely helpless so he started his career as a salesman where he used to sell garments and other home appliances. So, after getting fed up with that job, he and his brother Ashwin Mehta started Diamond business but that business also does not add so much money that Harshad Mehta wants.

Introduces to Stock Market: 

Luckily, he got a new job in New India Insurance Company as a salesman where he was introduced to the stock market for the first time. In just a few months, he learned all the major techniques of the stock market after that he joined the brokerage firm as a floor trader where he uses to sell and buy shares for his brokerage and earn a commission. After getting commission he didn’t sit back and relax.

He invested all of his money in the stock market by opening his own trading account. But Harshad lost his money. Now Harshad was completely upset. He doesn’t have enough money to stand himself again in the stock market. So Harshad Mehta brother,  Ashwin Mehta convinced few clients who wanted to invest in the stock market. Harshad had no money but has the experience to make a profit for their clients and earn a Commission. To scale up this idea they started a company where they were managing their client’s portfolios. 

In 1984,  GrowMore was started on the provident fund payment of Ashwin Mehta’s father-in-law. They both work so much hard and gave up to 18% return on investment every year for their clients and in just six years Growmore was listed as India’s top brokerage firm.

Harshad Mehta was the hot topic for news magazines whenever Harshad buys stocks the share price goes high no matter what the fundamentals of Companies are. Harshad was not one of those stock market investors who wait for the share prices to go high. He has his own technique and strategies that he uses to increase the price of shares. Also, he did the same with ACC Company shares, and in just a few days share price goes from 200 to 9000 Rupees. 

Harshad Mehta vs Sucheta Dalal:

All the peoples are curious that which strategies Harshad Mehta uses to make money in the stock market and that secret was revealed in 1992 by a Times of India journalist Sucheta Dalal that Harshad Mehta uses Bank money to invest in the stock market. 

Harshad Mehta Scam - Suchita Dalal

Harshad was living his luxurious lifestyle but he doesn’t know that the tsunami is coming to destroy his wealth and status. In 1992, an employee of SBI secretly disclosed that 500 crore rupees was missing from the books of SBI and he was 100% sure that it’s a scam done by Harshad Mehta this all detail was disclosed to Suchita Dalal who later got a Padma Shri for her effort to stop this whole miss-use blunder.

Sucheta Dalal started investigating Harshad Mehta’s scam and Always Look at his moves and actions that what Harshad Mehta is going to do next in the stock market. After that, Suchita found that Harshad Mehta took a Loan from Bank for 15 working days and invest in the share market and after making a profit he returns all the chunks to the bank.

The problem here is that when he invests a huge amount of money in the stock market no matter what the fundamental of companies is, the price goes high. After that Harshad Mehta sells his shares and earns a profit. Similarly, he repeated this process many times. Other, Stock investors who invest in those companies lose their money because Harshad just uses the bank money to increase the share prices.

All was going well with Harshad Mehta and Indian stock Market was also performing well in terms of a high return due to investment of foreign companies in Indian Stock Market but Suddenly in 1992, BSE was gone through with their worst time and Sensex was reduce to 30%. All the shareholders were in panic and start selling their shares. Harshad was in serious tension he had no money left in his assets to return a loan to the bank. Here, Harshad Mehta’s scam came into the limelight in Indian Newspaper. 

Harshad Mehta Death

CBI Investigation:

CBI started investigating on Harshad Mehta’s scam and later put Harshad Mehta, Ashwin Mehta, Bhushan Kumar. They investigated in their unique style and gathered all the information Harshad Mehta uses to manipulate the Indian Stock Market.

CBI reported around 70+ cases on Harshad Mehta but from all of them, he got bail. After releasing from jail, Harshah Mehta in a press conference said that he gave a bribe of 1 Crore Rupees to Prime Minister of India P.V Narasimha Rao.

Again due to another case, Harshad Mehat got arrested. On 31 Dec 2001, Harshad Mehta died in Mumbai due to a Heart Attack. According to the Times of India, this 1992 scam was of 4025 Crore Rupees in which corruption of 600 Rupees of SBI was the biggest amount individually.

Personal Information:

Real Name Harshad Shantilal Mehta
Nick Name Big Bull
Date of Birth
29 July 1954
Height in Feet 5 Feet 8 Inch
Net Worth2021 475 Million Dollars 
Net Worth in Rupees 3452 Crore Rupees
Annual Income 18 Million Rupees 
Mother Tongue Gujrati
Profession Stock Market Investor 
Wife Jyoti Mehta
Son Aatur Mehta 
Mobile Number +91-92589339XX

Harshad Mehta Car Collection:

Car Collections Prices
Lexus LS400 40 Lakh
Premier Padmani 2 Lakh
Hindustan Ambassador  5 Lakh
1984 Maruti 800 3 Lakh
Hindustan Contessa Classic  5 Lakh 

Harshad Mehta Car

Harshad Mehta Family:

Harshad Shantilal Mehta was born in a lower-middle-class family of Gujrat. His Father Shantilal Mehat owns a shop and her mother Rasilaben Mehat was a Housewife. Harshad Mehta has 3 brothers Ashwin Mehta, Hitesh Mehta, Sudhir Mehta.
He married Jyoti Mehat and this cute couple has a Son Autur Mehta who is a Stock Market Investor too.

Full Name Harshad Shantilal Mehta 
Father Name Shantilal Mehta
Mother Name Rasilaben
Brother Ashwin, Sudhir, Hitesh 
Wife Jyoti Mehta
Son Aatur Harshad Mehta
Personal Lawyer  Ram Jethmalani
Religion Hinduism
Caste Mehta

Harshad Mehta Wife with her Family

Harshad Mehta Salary & Income :

Net Worth in 2021 475 Million Dollar
Net Worth in Rupees  3452 Indian Rupees
Salary Per Month 1.5 Million Rupees
Annual Income  18 Million Rupees
Profession Stock Market Investor 

Harshad Mehta House:

Harshad Mehta lives in a Huge Appartement in Mumbai with his family. Also, the Price of the House is 30 Crore Rupees. According to the Report, all the comfort was available in that apartment including the golf course, Park, Theater, Swimming Pool.

Favorite Things:

Favorite Cricketer Kapil Dev
Favorite Actor Amitabh Bachchan 
Favorite Actress Madhuri Dixit 
Favorite Singer Jagjit Singh
Favorite Car Lexus
Favorite Personality Ram Jethmalani 
Favorite City Mumbai
Favorite Movie Sholay
Favorite Food Tikka, Bihari Boti
Favorite Place Australia

Also Read:

  • Harshad Mehta Net Worth 2021
  • Ashwin Mehta Net Worth
  • Autur Mehta Net Worth

People Also Ask:

Does the Harshad Mehta family have money?

He is a famous Indian stock market broker known as Amitabh Bachan of BSE. Harshad Mehta net worth was in 1992 at the time of his death. He has left almost all of his net worth for his family. Now his son is a businessman and also a stock market trader. As, they recently won a legal battle against a stockbroker Kishore in Janani and probably owed 6 Crore Rupees from them.

How did Harshad Mehta become rich?

Harshad Mehta, the big bull use to sell garments before trying his luck in Stock Market. But after getting the experience of trading, he opens his own trading account and then his own company Growmore. At his time, Harshad was listed as India’s Richest Person. In 1992, Harshad Mehta net worth was and this whole net worth was collected from trading in Stock Market. 

How much was Harshad Mehta net worth?

Harshad Mehta Net Worth in 1992 was 475 Million Dollars. He is known as the big bull of the Indian Stock Market, his unique methodology to make money in the Stock market. He heavily trades in Stocks that are undervalued and increases the share prices. It is estimated that Harshad Mehta income per month becomes more than 5 Crore Rupees.

Who bought Harshad Mehta House?

Harshad Mehta lives in a huge 3 Facing Apartment which includes private Swimming Pools and 5 Rooms, a Stylish Bathroom, and other facilities too. But, after the death of Harshad Mehta, his family was in serious shock and all of their money was acquired by the government for India. His wife Jyoti and his Son use to sell their house to get rid of this Torchorance and decided to move to the USA. After that, they sell their house to Ashok Samani for 32.6 Crore Rupees.

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