How much does Indian Cricket Board pay Jay Shah? The value of the assets also came up
Jay Shah, a pivotal figure in Indian cricket administration, recently made headlines by becoming the youngest person to be elected chairman of the ICC Cricket Council. As of December 1st, he will assume his new role, adding to his already influential position within the BCCI. Indian media has now shed light on Jay Shah’s financial standing, including his total assets and the compensation he receives from the BCCI.
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Jay Shah’s Role and Responsibilities
At 36 years old, Jay Shah serves as the secretary of the BCCI, a role that places him at the helm of one of the world’s richest and most influential cricket boards. His duties involve overseeing the operations of the BCCI, managing India’s domestic and international cricket affairs, and now, as ICC Chairman, he will play a key role in shaping global cricket policies.
Jay Shah’s Total Assets
Indian media recently reported on Jay Shah’s financial standing, revealing that his total assets are estimated to be worth approximately INR 124 crore (Indian rupees). This substantial figure underscores the significant wealth Jay Shah has accumulated through his various professional roles, both in and outside of cricket.
The primary sources of his wealth include his involvement with the BCCI, where he plays a crucial role in shaping the future of Indian cricket, as well as income from other business ventures.
Income from Sources Outside of Cricket
While Jay Shah’s affiliation with the BCCI is widely known, he also earns income from Temple Enterprise, an Indian company where he holds a directorial position. This additional source of income further adds to his net worth.
It is worth noting that Jay Shah’s earnings from outside cricket contribute significantly to his overall wealth, although the exact figures of his earnings from Temple Enterprise have not been disclosed.
BCCI Compensation and Allowances
Interestingly, the BCCI does not pay its top officials, including Jay Shah, a fixed monthly salary. Instead, they are compensated with daily allowances based on their travel and professional activities. This system of compensation highlights the unique way BCCI handles remuneration for its executives.
International Tours: During international tours, Jay Shah receives INR 84,000 per day. This compensation is given while he travels for professional cricket-related purposes.
Domestic Tours: For domestic travel within India, Jay Shah receives INR 30,000 per day. This is only for professional tours and does not include compensation for formal meetings held in Indian cities.
The allowance system enables officials like Jay Shah to earn substantial compensation while traveling, though they do not receive a traditional salary for their day-to-day duties.
Additional Perks and Benefits
Beyond daily compensation, Jay Shah also enjoys several perks, which further enhance his position:
Travel: For international tours, Jay Shah travels in business class, ensuring a comfortable experience during long flights.
Accommodation: The BCCI covers the costs of Jay Shah’s accommodation, ensuring that he stays in luxury hotels during both domestic and international tours.
Other Expenses: BCCI bears other expenses related to his travels, including meals and transportation during official trips.
These perks reflect the high standard of living and the privileged access that comes with his leadership role in one of the most powerful cricket boards in the world.
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Conclusion
Jay Shah, one of the most influential figures in Indian cricket, has recently garnered attention not only for his leadership roles but also for his substantial wealth. While the BCCI does not pay its officials a traditional salary, Jay Shah’s earnings from daily allowances during professional tours, combined with his business ventures, have contributed to his impressive net worth. With his election as the new ICC Chairman, Jay Shah’s influence in the world of cricket is set to grow, making him one of the key figures shaping the future of the sport.
