From playing tennis ball cricket in the lanes of Roorkee to taking a stunning five-wicket haul in an IPL Eliminator, Akash Madhwal’s journey is one of Indian cricket’s most remarkable stories.
This article covers everything you need to know about Akash Madhwal’s net worth — his IPL salary, career earnings, contract history, and what built his financial value.
Akash Madhwal’s Biography
| Detail | Information |
|---|---|
| Full Name | Akash Madhwal |
| Date of Birth | November 25, 1993 |
| Age | 32 Years |
| Nationality | Indian |
| Weight | 76 kg |
| Playing Role | Right-arm Medium-Fast Bowler |
| Current IPL Team | Rajasthan Royals (IPL 2025) |
| Turned Professional | 2019 (Domestic Debut, Uttarakhand) |
| Education | B.Tech, Civil Engineering (2016) |
| Net Worth (2026 Est.) | ₹6 Crore (~$700,000 USD) |
| IPL Salary | ₹1.20 Crore |
| Relationship Status | Unmarried |
Early Life & Career
Akash Madhwal was born on November 25, 1993, in Dungra Village of Almora district, Uttarakhand.
His father, Ghananand Madhwal, served in the MES wing of the Indian Army in Roorkee, which is why the family settled in Roorkee’s Dhandera locality. Sadly, Akash’s father passed away in 2010 at the age of 57, leaving the family to navigate tough times.
Akash completed his schooling at Roorkee Public Senior Secondary School and went on to earn a degree in civil engineering from the College of Engineering Roorkee (COER) in 2016.
What makes his story extraordinary is that despite his passion for cricket, he did not play leather ball cricket until the age of 24.
Before that, he only played tennis ball cricket with friends in his neighborhood — the same format millions of young boys across India grow up playing in gullies and lanes.
After graduating, Akash worked a regular job while continuing to bowl in local tennis ball tournaments, where he built a strong reputation as one of the most sought-after bowlers around.
His talent eventually caught the eye of selectors, and in 2019, he made his formal debut in competitive cricket for the Uttarakhand state team, marking the beginning of a professional journey that would eventually reach the biggest stage in T20 cricket.
Professional Career
Akash Madhwal made his domestic cricket debut for Uttarakhand in 2019, relatively late by the standards of elite cricket.
In the lead-up to IPL 2021, he served as a net bowler for Royal Challengers Bengaluru during the second leg of the tournament but did not earn a spot in the main squad.
That experience, however, sharpened his skills and kept him on the radar of franchise scouts.
His IPL breakthrough arrived in 2023, when Mumbai Indians picked him up for just ₹20 lakh at the auction — a bargain that would quickly prove to be one of the best low-cost signings of the season.
Madhwal’s most iconic moment came in the IPL 2023 Eliminator against Lucknow Super Giants, where he delivered a spell that left the cricket world stunned.
His five-wicket haul matched Anil Kumble’s record for the most economical five-wicket haul in an IPL innings, and it was also his maiden five-wicket performance in all T20 cricket.
That spell single-handedly carried Mumbai Indians into Qualifier 2 and announced Madhwal as a genuine match-winner.
He was retained by Mumbai Indians for IPL 2024 at the same base price and continued to contribute with the ball.
Ahead of the IPL 2025 mega auction held in Jeddah in November 2024, Rajasthan Royals acquired him for ₹1.20 crore — a six-fold increase from his previous price, reflecting his growing reputation.
In IPL 2025, he played his final match of the campaign against Chennai Super Kings, where he claimed 3 wickets for 29 runs and won the Man of the Match award, helping Rajasthan Royals to a six-wicket win.
He was also named the T20 captain of the Uttarakhand state team ahead of the 2023 season — a recognition of his leadership qualities beyond pure talent.
Akash Madhwal’s Net Worth Details
As of 2026, Akash Madhwal has an estimated net worth of ₹6 crore (approximately $700,000 USD).
He built this wealth through his IPL contracts with Mumbai Indians and Rajasthan Royals, match fees from domestic cricket for Uttarakhand, and selective brand endorsements accumulated since his breakout 2023 season.
Contract
Akash Madhwal has not represented the Indian national team as of early 2026, meaning his contract earnings come entirely from domestic and IPL cricket.
At the IPL 2025 mega auction, Rajasthan Royals signed him for ₹1.20 crore — his highest-ever IPL contract value — reflecting his market value after two productive seasons with Mumbai Indians.
He plays Vijay Hazare Trophy and Syed Mushtaq Ali Trophy cricket for Uttarakhand, earning match fees and a domestic contract from the Cricket Association of Uttarakhand.
Salary
Akash Madhwal’s IPL salary has grown steadily since his debut. In 2023 and 2024, he earned ₹20 lakh per season with Mumbai Indians — a humble figure for someone who delivered match-winning performances.
His 2025 contract with Rajasthan Royals at ₹1.20 crore represents his highest single-season IPL pay.
In addition to IPL earnings, the Board of Control for Cricket in India (BCCI) pays domestic cricketers match fees for each Ranji Trophy, Vijay Hazare, and Syed Mushtaq Ali game played.
For Uttarakhand, his annual domestic cricket income is estimated at ₹15–25 lakh per year depending on the number of matches played.
Career Earnings by Year (IPL)
| Year | IPL Team | IPL Contract Value |
|---|---|---|
| 2023 | Mumbai Indians | ₹20 Lakh |
| 2024 | Mumbai Indians | ₹20 Lakh |
| 2025 | Rajasthan Royals | ₹1.20 Crore |
Career Statistics
IPL Bowling Statistics
| Season | Team | Matches | Overs | Runs | Wickets | Average | Economy | 5W |
|---|---|---|---|---|---|---|---|---|
| 2023 | Mumbai Indians | 8 | 25.3 | 219 | 14 | 15.64 | 8.66 | 1 |
| 2024 | Mumbai Indians | 5 | 18.1 | 205 | 5 | 41.00 | 11.33 | 0 |
| 2025 | Rajasthan Royals | 4 | 15.0 | 166 | 4 | 41.50 | 11.07 | 0 |
| Total | 17 | 58.4 | 590 | 23 | — | — | 1 |
Overall Career Statistics (All Formats)
| Format | Matches | Wickets | Economy Rate | Best Bowling |
|---|---|---|---|---|
| T20 | 40 | 34 | 6.49 | 5/5 (IPL Eliminator 2023) |
| ODI | 6 | 7 | 3.51 | — |
FAQs
What is Akash Madhwal’s net worth?
Akash Madhwal’s estimated net worth is approximately ₹6 crore ($700,000 USD). He earned this through his IPL contracts, domestic cricket match fees, and brand endorsements since his 2023 debut.
How much did Rajasthan Royals pay for Akash Madhwal in IPL 2025?
Rajasthan Royals bought Akash Madhwal for ₹1.20 crore at the IPL 2025 mega auction held in Jeddah in November 2024. That was six times his previous ₹20 lakh price with Mumbai Indians.
Has Akash Madhwal played for the Indian national team?
As of early 2026, Akash Madhwal has not represented India in international cricket, though he has played 6 ODIs according to available records. His primary focus remains IPL and domestic cricket for Uttarakhand.
What is Akash Madhwal famous for in IPL cricket?
He is best known for his five-wicket haul in the IPL 2023 Eliminator against Lucknow Super Giants, which matched Anil Kumble’s record for the most economical five-wicket haul in an IPL innings.
When did Akash Madhwal start playing professional cricket?
Akash Madhwal made his professional debut for Uttarakhand in 2019 at age 25. Before that, he only played tennis ball cricket and worked a regular job after completing his civil engineering degree in 2016.
