Rank #3176
Nimesh Kampani
Net worth $1.0B
investment banking · India
- Born
- Sep 30, 1946
- Age
- 79
- Source
- investment banking
- Residence
- Bombay
- Citizenship
- India
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Veteran investment banker, Nimesh Kampani, qualified as an accountant and joined his family's stockbroking business in 1972.
- He broke away to start a separate investment bank with a cousin whom he eventually bought out.
- Kampani listed his flagship, JM Financial, in 1992 and got investors such as IFC and later partnered with Morgan Stanley.
- After a decade, they parted ways with Kampani buying out Morgan Stanley's stake.
- On turning 70 in 2016, Kampani handed over charge to his son Vishal, though he remains non-executive chairman.
- He has been the confidante of several business tycoons, even those who are arch rivals.
- In 2009, Kampani spent nearly a year in exile to avoid being arrested when a company from whose board he had resigned in 1999, defaulted on loans.
Financial assets
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