Dattaraj Salgaocar Net Worth – 2024: Mukesh Ambani’s Brother-in-law & Childhood friend

Leo November 13, 2024

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The businessman and brother-in-law of the richest man in India, Mukesh Ambani, is Dattaraj Salgaocar. He is very famous for being successful in several fields, but it is his good family background that made him so famous. As his life story portrays both entrepreneurship and luxury lifestyle, it also depicts a satisfactory net worth. This article digs deep to explore Dattaraj Salgaocar’s net worth, business ventures, sources of income, real estate properties, and several car collections.

Table of Contents

Who is Dattaraj Salgaocar?

Dattaraj Salgaocar, popularly known as “Raj,” comes from a renowned business family of Goa. His father was Vasudeo Salgaocar, who founded the V.M. Salgaocar Group, the prominent company in mining, shipping, and real estate. The Salgaocar family resided in Mumbai’s Usha Kiran building, one of the tallest skyscrapers in the city. They used to stay in the same flat complex as the Ambani family. It led to his marriage to Dipti Ambani, Mukesh Ambani’s youngest sister, in 1983, when two important Indian business families got further connected.

Dattaraj Salgaocar Net Worth

Dattaraj Salgaocar’s net worth is over ₹35,000 crores, about $4.2 billion. His business wealth comes mainly from his mining business. He has rich wealth, which puts him among India’s richest people. Dattaraj’s net worth places him ahead of many prominent business figures, really reflecting success in building and managing a huge business empire.

Dattaraj’s Business Ventures and Sources of Wealth

1. Mining and Mineral Exports

Mining has been the core source of Dattaraj’s wealth. His father established the V.M. Salgaocar Group, the group is believed to have given major contributions towards the Indian iron ore industry by extracting high-grade ore, processing, and exporting it. The business contributes approximately 40% towards his finance accounting up to his annual income.

2. Salgaocar Cricket Club

Dattaraj loves games, particularly cricket. In the year 1974, he founded Salgaocar Cricket Club, which over the years had won numerous tournaments and earned Indian cricket a place.

He has also headed the post of president, Goa Cricket Association and does it speak for the depth of interest in the game.

3. Sunaparanta Goa Centre for the Arts

Dattaraj had an interest in local art and he wanted to promote this very interest within the borders of the country. Thus, in the year 2009, he began Sunaparanta Goa Centre for the Arts as a not-for-profit venture. Nestled amidst Goan hills, it is used as a platform to house exhibitions, workshops, lectures, and other cultural activities that stimulate creativity and artistic expression.

4. V.M. Salgaocar Group Ventures

As the chairman, Dattaraj heads the V.M. Salgaocar Group diversified into shipping, real estate, healthcare, and media, among others. Agriculture is yet another business venture engaged by him, indicating a very diversified approach toward wealth creation. These businesses have helped him amass his significant net worth and establish himself as an influencer in such many sectors.

Dattaraj Salgaocar Annual Income/Earnings

Dattaraj’s annual income is estimated to be around $ 675 million. His main businesses are in mining and the export of minerals, with exports valued at around $ 300 million. That is the profit generated from his main business.

However, there are other businesses that he has invested his money in, which significantly add up to his earnings. These assorted investments shape his financial empire.

Dattaraj Salgaocar Real Estate Portfolio

Goa Residence

The house of Dattaraj Salgaocar is a huge house in the upscale locality of Goa. The palatial house, worth about ₹100 crore, possesses luxurious interiors and seems to be a palace in its designing. Dattaraj Salgaocar moved his family to Goa to handle business operations in a closer manner.

Other Properties

Apart from the Goa mansion, there are some high-value properties owned by Dattaraj across India. Some of them are:

A luxurious ₹50 crore apartment in Mumbai’s upscale Worli area
A ₹30 crore bungalow in Delhi
A ₹20 crore villa in Bengaluru

All this adds to his high-end portfolio of real estates, which make up a big part of his total net worth.

Also read about: Boney Kapoor Net Worth – 2024: Age, Wealth, Success, & Luxury of Bollywood Producer

Dattaraj Salgaocar Car Collection

Dattaraj Salgaocar has the world’s most exclusive luxury cars under his name. His crores-priced cars explicitly reflect his taste for elegance and exclusivity. Some of his cars are-

Rolls-Royce Phantom – ₹10 crore
Mercedes-Benz S-Class – ₹2.5 crore
BMW 7 Series – ₹1.5 crore
Range Rover Vogue – ₹2 crore
Audi A8L – ₹1.1 crore
Jaguar XJL – ₹1 crore

This group confirms his feelings for luxury, amongst some of the finest automobiles in the market.

Dattaraj Salgaocar’s Other Assets

Along with these villas and car collection, Dattaraj Salgaocar has a private jet worth more than ₹100 crore, which itself speaks of the richness and lifestyle of the person. His investments in real estate and in other sectors add to his financial books, and hence he is one of the most prosperous businessmen in India.

Conclusion

Dattaraj Salgaocar’s net worth over ₹35,000 crores symbolizes his success as an investment house and businessman in the current scenario. From mining to real estate, his interests and family legacy have been tools he has leveraged to build an empire. Marrying into the Ambani family is only part of his story. His fortunes are an outcome of his ventures and the astute business decisions that have put him on the spotlight in the corporate landscape of India. Dattaraj has been passionate about business and philanthropy and continues to influence multiple fields, ensuring that his legacy goes way beyond the numbers on his bank statement.