Does He Have A Son? Family
People are curious to know about Sridhar Vembu children as he is accused of abandoning his child. Read this article to learn more.
Sridhar Vembu is a billionaire businessman from India. He leads the Zoho Company as CEO. Sridhar was born in Tanjore, Tamil Nadu, India, in 1968. He has a remarkable personality and is thriving.
Moreover, Sridhar, the 59th wealthiest person in India, received the Padma Shri, India’s fourth-highest civilian honour, in 2021.
Vembu was born in 1968 to a Tamil family of middle-class origin from a village in Tamil Nadu’s Thanjavur district.
He obtained his MS and PhD degrees from Princeton University in New Jersey after receiving his Electrical Engineering bachelor’s degree from the Indian Institute of Technology, Madras, in 1989.
Before relocating to the San Francisco Bay Area, Vembu began his professional career as a wireless engineer for Qualcomm in San Diego, California. He has resided in Pleasanton and San Jose.
Also Read: Meet Maaya Uchida Brother Yuma Uchida – Family And Net Worth Difference
Sridhar Vembu Children: Does He Have A Son?
Sridhar Vembu, a co-founder of Zoho who recently moved to a Tamil Nadu village, filed for divorce from Pramila Srinivasan, his wife of 29 years, in August 2021.
A source close to Srinivasan said that Vembu sent her a WhatsApp message in November 2020 informing her of his intention for a divorce.
In the California divorce proceeding, Srinivasan accuses Vembu of willfully selling off a significant portion of his Zoho stake in a convoluted deal that shifted Zoho’s intellectual property to India and ultimately led to the majority of the shareholdings being held by his sister and her husband, without Srinivasan’s knowledge or consent.
The claim that Vembu transferred shares to someone has been denied. I never sold my Company shares to anyone else, he claimed.
According to Forbes, Vembu founded Zoho as a provider of business software, and the Company is currently valued at more than $5 billion.
He claimed that the autistic spectrum disorder Siddhu had “destroyed” their lives and made him “suicidally depressed.” According to Vembu, he attempted to convince his wife and son to visit India. “She declined, though.
He desired for his son to spend time with “lovely people, “said he. Unfortunately, his wife believed he was giving up, which led to the breakdown of their marriage.
Vembu stated, “It is an utter fabrication to imply I financially abandoned Pramila and my son.” about leaving Srinivasan and Siddhu.
He continued that they live much more prosperous lives than I do, and I have given them my complete support. He claimed that the pandemic destroyed all prospects of reconciling when he moved to India.
Srinivasan’s attorney, John Farley, added that it is against California’s community property law for a spouse to secretly dispose of assets during marriage without the better half’s approval.
Explore: Who Are Casey DeSantis Parents? Ron DeSantis Wife’s Ethnicity, Kids And Family
Sridhar Vembu Family and net worth details
Sridhar Vembu’s net worth, as of 2022, was $3.8 billion, according to Forbes. In 2021, he was India’s number 55 richest person.
On Forbes’ 2022 ranking of India’s 100 Richest, Vembu’s family came in at position #48. Due to his popularity within the Firm, he was listed as the founder and CEO.
Moreover, Radha, Vembu’s sister, manages products at Zoho. At about 47.8 per cent, she currently holds the most significant ownership position in the Company. $2.2 billion is the percentage amount in numbers.
Similarly, Sekar, Vembu’s brother, is the $1.6 billion owner of around 35,2 per cent of Zoho.
Currently, Sridhar only has a 5% ownership position in the Company, worth $225 million. Combining all the stakes, the Vembu family holds about $4 billion.
Also Read: Ines Völker Wikipedia: Who Is Wigald Boning Ex-Wife? Age And Net Worth
ncG1vNJzZmispqi1sMPSrZirq16YvK570qugnaCRp3q3scybrGabmJ65pb7Ep2Sdp5WoeqmxjKGYr51dlnq0u81o