Vijay Eswaran’s Professional Career
A high profile CEO will often have to handle difficult challenges, can be extremely stressed and are said to have a very high level of job satisfaction.
Forbes ranks Vijay Eswaran as the 6th highest-paid CEO in the world in 2016, with an estimated salary of US$1,941 per minute.
Eswaran is ranked #6 by Forbes as the most successful CEO globally for 2016; his reported annual income came to about $76 million. As of December 2017, Eswaran was an advisor to Dragon Capital, a private equity firm based in New York City. Eswaran is considered to be the 6th richest man in Asia. With his fortune being estimated at US$1 billion by Mashable, he has become the richest Malaysian since the reign of Mahathir Mohamad.
In 2012, as Vijay Eswaran predicted the rise in fuel prices, he began stockpiling petrol and diesel. He has stated that it is a business opportunity and to build a relationship with the supplier . Petronas has helped him out by providing “unlimited supply” of petroleum products. The stocks of Eswaran’s company Avana Group Holdings Ltd rose 15% after his revelation .
In 2011, Avana launched its proprietary aviation fuel and lubricant products for sale in the European market under their brand name of “ExxonMobil Aviation Elite” . They also launched “ExxonMobil Motor Spirit” for sale in the European market under their brand name of ” Mobil 1 “.
Avana Group Holdings Ltd. is a Singapore-based company. Eswaran was born in the United Kingdom and has lived there for most of his life. He received executive training from The Institute of Management Development (IMD) in Lausanne, Switzerland.
After graduating, he worked as managing director of The European Financial Services Society (EFSS) and as a sales manager at McKinsey & Company . He also worked for ACCSC. Eswaran is married to Claire Tan Eswaran. Together they have two daughters: Sheryl and Diana Eswaran was named by “Forbes” as the 6th highest paid CEO in the world in 2016. He earned an annual salary of $76 million, which was $1.7 million more than the previous year.
The DOJ of the United States had also launched an investigation against him under section 241 of the Racketeer Influenced and Corrupt Organizations Act (RICO) . The same year, Eswaran declined to comment on these allegations .
In 2011, Avana launched its proprietary aviation fuel and lubricant products for sale in the European market under their brand name of “ExxonMobil Aviation Elite” .
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