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#3153

Sanjeev Shah

Source of wealth: Foods

Net Worth

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Biography

Sanjeev Shah is the chairman of Mumbai-based Everest Food Products, which sells a range of spices, pastes and powders.

Everest was founded by his father Vadilal Shah in 1967 as a small shop selling milk and tea mixes.

Shah joined the business in 1981 when the company was setting up its first factory; he expanded the sales and distribution network.

His younger brother Rajeev joined the company in 1992.

In April 2024 the Singapore food regulator ordered a temporary ban on Everest's fish curry masala alleging the presence of a pesticide. Everest claimed it was safe.

Financial Assets

Financial assets information not available.

The Great Lie of Mega-Fortunes: The Case of Sanjeev Shah

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Sanjeev Shah, linked to Food & Beverage and 'Foods ', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 8 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.5 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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