With a joint net worth of 40,000 CR, all of India's self-made entrepreneurs below 40 expanded their trades from expertise oriented efforts, their net worth as shown by the 2019 IIFL Wealth Hurun list
MUMBAI, Dec. 17: The IIFL Wealth Hurun India Rich List 2019 which showcases the success stories of entrepreneurs who have generated wealth transparently listed all self-made entrepreneurs below the age of 40. Like their worldwide counterparts, Indian tech moguls loom large. All self-made entrepreneurs from the IIFL Wealth Hurun India Rich List 2019 expanded expertise oriented endeavors. In comparison with billionaires on worldwide lists which consist of heirs and heiresses, the young billionaires on the list are self-made. Swift progress in expertise permitted the 'millennial entrepreneur' such as Ritesh Agarwal from Oyo hotel chain and Nikhil Kamath from Zerodah/True Beacon.
While Mumbai recorded the majority billionaires amongst all ages, Bengaluru was the millennial billionaire's capital.
Name
|
Wealth(INR Crores)
|
City of residence
|
Company
|
Age
| |
1
|
Divyank Thurakia
|
13000
|
Dubai
|
Media.net
|
37
|
2
|
Ritesh Agarwal
|
7500
|
New Delhi
|
Oyo
|
25
|
3
|
Nithin Kamath
|
6600
|
Bengaluru
|
Zerodha
|
39
|
4
|
Sachin Bansal
|
6100
|
Bengaluru
|
Flipkart
|
38
|
5
|
Binny Bansal
|
5500
|
Bengaluru
|
Flipkart
|
36
|
6
|
Nikhil Kamath
|
4400
|
Bengaluru
|
Zerodha
|
33
|
7
|
Riju Ravindran
|
3600
|
Bengaluru
|
Byjus
|
38
|
8
|
Amod Malviya
|
3500
|
Bengaluru
|
Udaan
|
38
|
9
|
Vaibhav Gupta
|
3500
|
New Delhi
|
Udaan
|
38
|
10
|
Sujeet Kumar
|
3500
|
Bengaluru
|
Udaan
|
39
|
11
|
Bhavish Aggarwal
|
3100
|
Bengaluru
|
Ola
|
34
|
The figures are taken from IIFL WEALTH/HURUN
| |||||
Ritesh Agarwal's acquired his wealth by means of Oyo hotel chain- the globe's third-biggest and quickest-expandind hospitality chain of leased and franchised hotels, homes and living spaces. The only brothers on the list are Nithin Kamath and Nikhil Kamath who developed Zerodha, which is India's biggest retail stockbroker. They recently unveiled True Beacon - a worldwide ecosystem of proprietary investment products, capital markets services and value-additional programs for example ultra-high net worth investor connectivity, philanthropic tactics and strengthening new tactical associations all over the world for UHNIs. Divyank Turakhia established Media.net in 2010 which went on to become one among the leading 5 biggest online advertising businesses in the globe. In 2016, he sold Media.net in an all-cash deal, the third largest acquisition transaction in the online advertising industry throughout the world.
The youngest self-made entrepreneur under 40 is Ritesh Agarwal (25) of Oyo Rooms, with a net value of INR 7,500 crore, trailed by Nikhil Kamath (33) of Zerodha/True Beacon with a net value of INR 4,400 crore. Bhavish Agarwal (34) of Ola comes in third with a net value of 3100 crores.
Hurun Report India which is symbolic of a tough and varied economy and flourishing entrepreneurship in India, gives credit to a favorable market environment, ease of access to institutional capital an advantageous peril-reward scenario and the presence of young entrepreneurial leaders as crucial propellers for expanding the numbers appended to the affluent list annually. Swift progress in expertise have also permitted the 'millennial entrepreneur' to display great keeness towards this new economic culture.
About True Beacon:
True Beacon is an ecosystem of proprietary investment products, capital markets services and value-additional programs concentrated on India's public and private markets. With the market's most customer-aligned fee model, expertise-enabled transparency and concentrate on tactical value generation such as philanthropic and next-generation business leadership specialty, True Beacon is a novel addition to India's wealth management industry.
By ANJISHNU BISWAS
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