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Last updated on October 7th, 2024 at 02:27 am
The Pandemic Profit: Rajdeep Sardesai and Sagarika Ghose’s Journey to Earning Billions Amid COVID-19
Introduction
The COVID-19 pandemic has wreaked havoc globally, not just in terms of health but also economically. While many suffered, some individuals managed to capitalize on the crisis, including prominent figures like Rajdeep Sardesai and Sagarika Ghose, known for their contributions to media and journalism.
Understanding the Pandemic Economy
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The pandemic drastically altered economic landscapes worldwide, leading to widespread job losses and financial insecurity. Amidst this turmoil, the concept of pandemic profiteering emerged, where certain individuals or entities exploited the situation for personal gain.
The Rise of Rajdeep Sardesai and Sagarika Ghose
Rajdeep Sardesai and Sagarika Ghose are well-known names in Indian journalism, with extensive careers spanning various media outlets. However, during the pandemic, they ventured into entrepreneurial endeavors, further expanding their financial portfolio.
Exploring Revenue Streams
During the pandemic, Rajdeep Sardesai and Sagarika Ghose accumulated significant wealth through various avenues. Sardesai’s earnings, primarily from his anchor role at India Today, remained substantial, despite the economic downturn. Meanwhile, Ghose’s income saw fluctuations, reflecting the evolving landscape of journalism.
According to TMC Rajya Sabha Nominee & Candidate Sagarika Ghoseโs affidavit, Sagarika Ghose was earning about 40 lahks approximately in 2019. During the COVID-19 Pandemic year of 2021, her earnings dropped to 10 lakh approximately and then came up to 17 lakh approximately in 2023.
As regards Rajdeep Sardesai, the affidavit has revealed the crores he earns every year.
Rajdeep Sardesai, as per the affidavit, was making 4.55 crores approximately in 2019. Even during the COVID years, his earnings only dropped to 2.83 crores approximately and then again went back to 3.54 crores approximately in 2023.
While this is Rajdeep Sardesaiโs total approximate earnings, in the absence of other known or declared sources of income, people are assuming that the bulk of it is likely from salary from India Today Group.
The affidavit also reveals that Rajdeep Sardesai has almost Rs 25 approx, crore in Mutual Funds, Stocks, and bonds.
Further, the house that the duo had purchased in 2008 for about Rs 25 crores is now valued at about Rs 49 crores on paper today. The house stands in the name of Sagarika Ghose.
It is interesting to note that not only during the COVID-19 pandemic period but even otherwise the media has been laying off its staff for a long time, claiming that the move to digitize journalism is impacting the requirement for on-field and technical staff. Several activists have been raising the issue of anchors like Rajdeep Sardesai and others making billions every year while other staff and journalists are being continuously laid off by the company.
Controversies and Criticisms
Their wealth accumulation during a time of crisis hasn’t been without controversy. Critics question the ethicality of profiting during such challenging times, especially as media organizations laid off staff due to financial constraints.
Lessons Learned and Future Outlook
Entrepreneurs can glean insights from Sardesai and Ghose’s success, albeit with ethical considerations. The pandemic has reshaped industries, necessitating adaptability and innovation for sustainable growth.
Conclusion
Rajdeep Sardesai and Sagarika Ghose’s journey to earning billions amidst the COVID-19 pandemic underscores the complexities of ethical entrepreneurship in turbulent times. As they continue to navigate new ventures, their story serves as a reflection of broader economic shifts and the evolving role of media in society.
Call to Action
Reflecting on the implications of pandemic profiteering and ethical entrepreneurship, readers are encouraged to share their perspectives on navigating business challenges with integrity.
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