Discover the Wealth of ICC’s New Chairman Jay Shah: Unveiling His Net Worth

Jay Amit bhai Shah, the secretary of BCCI (Board of Control for Cricket in India) and the son of India’s home minister, Amit Shah, is a big name in Indian cricket administration. He will take charge of the ICC chairmanship on December 1, 2024. He will also be one of the youngest ICC chairmans, younger than Indian cricket team captain Rohit Sharma.

It was an absolute pleasure to meet and interact with the Honourable Prime Minister of India Shri Narendra Modi Ji at his official residence upon our arrival from Barbados. Prime Minister Sir has stood by #TeamIndia through ups and downs and has always encouraged the team to give… pic.twitter.com/Bv61l1r4Ik

— Jay Shah (@JayShah) July 5, 2024

Jay Shah’s Net Worth

Jay Shah’s net worth in rupees is estimated to be around ₹124 crore. His wealth comes from his work in cricket administration and other business activities. As the BCCI Secretary, he earns about ₹84,000 per day for attending international meetings, along with extra allowances for travel and accommodation. His pay at the ICC will likely have a similar structure with allowances.

Jay Shah’s Salary

Jay Shah did not receive a fixed salary from the BCCI while serving as secretary. Instead, he received a daily allowance ranging from Rs 40,000 to 80,000, depending on the type of meeting. The BCCI also covered his travel and accommodation costs.

Jay Shah’s primary source of income is investment dividends. He is the director of Temple Enterprise, a company that deals in commodities trading. Additionally, Shah holds a 60% ownership in Kusum Finserve, a company located in Gujarat, and benefits from its profits.

Jay Shah’s salary as ICC chairman

Like the BCCI, ICC does not offer a fixed salary for its top officials, including ICC chairmanship. Instead, compensation is tied to meetings and official duties.

Congratulations to BCCI Honorary Secretary Mr. Jay Shah for being elected unopposed as the next Independent Chair of the International Cricket Council.@JayShah pic.twitter.com/sKZw4mdRvi

— BCCI (@BCCI) August 27, 2024

Jay Shah becoming the ICC Chairman is a big step in his career. He is currently the Secretary of the BCCI and the President of the Asian Cricket Council (ACC). Shah was the only candidate for the ICC Chairman role and is set to take over from Greg Barclay starting December 1, 2024. In his acceptance speech, he thanked everyone for the nomination and shared his plans to focus on promoting Test cricket along with the popular T20 format. He also spoke about embracing new ideas as cricket gets ready to be part of the LA 2028 Olympics.

Jay Shah’s Early Life and Education

Jay Shah was born on September 22, 1988, in Gujarat, India. Jay grew up in Gujarat and completed his schooling there. He studied at Nirma University in Ahmedabad, earning a Bachelor of Technology (B.Tech) degree. This education gave him the analytical skills and discipline that have shaped his approach to managing cricket administration.

Jay Shah’s Cricketing Journey

Jay Shah started his career in cricket administration in 2009 when he joined the Gujarat Cricket Association (GCA) as an Executive Board Member. By 2013, he had risen to the position of Joint Secretary of the GCA. During his time there, he played a crucial role in overseeing the construction of the famous Narendra Modi Stadium in Ahmedabad.

In 2015, Jay Shah joined the BCCI’s marketing and finance committees. He was appointed BCCI’s secretary in October 2019 and re-appointed to the same role in October 2022.

Jay Shah’s Residence

Jay Shah lives in Ahmedabad, Gujarat, where his family has long-standing connections. Due to his role in cricket administration, he likely spends his time between Ahmedabad and Mumbai, where the BCCI headquarters is situated. However, his house’s specific details and value are not publicly known.

Jay Shah’s Car Collection

Jay Shah, who plays significant roles in business and sports administration, owns several luxury cars. His impressive collection includes:

• Lamborghini Aventador (approx. ₹5.62 Crores)
• Rolls Royce Phantom (approx. ₹9.50 Crores)
• Ferrari 488 (approx. ₹4.40 Crores)
• Bentley Mulsanne (approx. ₹5.56 Crores)

These cars are known for their luxury, spacious interiors, off-road capabilities, and advanced security features.

 

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FAQs

Q: Who is the new ICC Chairman?

A: Jay Shah, the BCCI secretary, was elected as the new ICC chairman without any opposition. He will officially start his role on December 1, 2024.

Q: Who is Jay Shah’s wife?

A: Jay Shah is married to his college mate, Rishita Patel. They tied the knot 2015 in a traditional Gujarati ceremony and have two daughters.

Q: When did Jay Shah join the BCCI?

A: Jay Shah joined the BCCI in 2015 after working briefly with the Gujarat Cricket Board. He started as a member of the finance and marketing committee and was promoted to secretary in 2019.

Q: Who is the BCCI Secretary?

A: Jay Shah is currently the BCCI secretary. He will become the ICC chairman on December 1, and the board will appoint his successor.

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