Top 7 youngest self-made billionaires in India
India has the world’s second-largest population and has had remarkable economic growth in recent decades. Agriculture was critical to India’s economic development before independence. Following the twenty-first century, we have seen a wave of new entrepreneurs emerge from every part of India to ensure a successful future for Indians.
Today, India’s youngest billionaire is a school dropout. Nikhil Kamath is the youngest person on Forbes India’s list of the 100 wealthiest people in 2020. He is a successful merchant and philanthropist who helped Bengaluru cope with the Covid-19 outbreak by organizing a huge feeding campaign.
The top 7 youngest self-made billionaires in India are:
Founder and CEO, Co-founder and CIO at Zerodha.
Net worth: Rs 25,600 Crores
Age: Nikhil 34 years and Nithin 42 years
Nithin Kamath created Zerodha, a brokerage with a transparent and low-cost business approach, in 2010. Zerodha, presently led by both Kamath brothers, Nithin and Nikhil, is the nation’s largest brokerage, with an estimated five million active clients. India’s No. 1 stockbroker is Zerodha. It is the world’s largest and most popular online discount brokerage firm, including operations in equity, currency, commodities, initial public offerings, and direct mutual funds.
Founder of Media.net
Net worth: Rs 12,500 Crores
Age: 40 years
Media.net, founded in 2010 by Divyank Turakhi, is a prominent worldwide advertising firm with one of the industry’s most extensive advertising technology portfolios, including search, native, display, mobile, local, goods, and video. Many of the other world’s most prominent publications, ad networking systems, and other ad tech companies have registered the platform and technology, and it now manages high-quality ad supply on over 500,000 domains. Media.net is one of the top five ad-tech businesses globally by market capitalization, and it is the world’s second-largest contextual advertising company in terms of revenue.
Vijay Shekhar Sharma
Founder and CEO at Paytm
Net worth: Rs 17,000 crores
Age: 42 years
Paytm is a global Indian tech company established in Delhi NCR that focuses on digital payment systems, e-commerce, and financial services. Paytm is available in 11 Indian languages at the moment and offers online services such as mobile refills, utility bill payments, tours, entertainment, and exhibition, concert bookings, also in-store purchases using the Paytm QR code in supermarkets, fruits and vegetable outlets, cafes, parking, pharmacies, and educational establishments are all possible. Paytm is expected to be worth US$16 billion by 2020, making it one of the world’s most valuable fintech businesses.
Binny Bansal and Sachin Bansal
Co-founders of Flipkart
Net worth: Rs 8,000 crores
Age: 39 years and 40 years
Flipkart, founded in 2007, is an Indian e-commerce business based in Bangalore, Karnataka, India and registered as a private limited company in Singapore. The company was first based on digital book sales before expanding into other market segments such as electronic devices, clothing, home furnishings, food, and lifestyle products. The provider’s primary competitors are Amazon’s Indian affiliate and indigenous rival Snapdeal. Due to its acquisition of Myntra, Flipkart has a strong presence in the clothing sector, and it is ‘neck to neck’ with Amazon in the sale of electronics and smartphones. Flipkart also owns PhonePe, a UPI-based mobile payment service.
Founder of OYO Rooms
Net worth: Rs 4,500 Crores
Age: 28 years
Ritesh Agarwal, the first resident Asian to be chosen into the Thiel Fellowship, launched OYO Hotels & Homes (started by Paypal founder Peter Thiel). Ritesh stayed in over 100 beds & breakfasts, guest homes, and hotels while touring around India at the age of 17 and discovered a severe shortage of economical and good-quality hotels in the unbranded budget hotel sector. OYO is a global platform that provides full-stack technology to entrepreneurs and small companies with hotels and residences, allowing them to enhance revenues and simplify operations—providing guests with reasonable and reliable lodging that they can book right away.
Ankit Bhati and Bhavish Agarwal
Co-founders, CEO and CTO
Net worth: Rs 2,400 crores and Rs 3,500 crores
Age: 35 years and 36 years
Ola, founded in 2010, is India’s leading mobile platform and one of the world’s top ride-hailing firms, with operations in more than 250 locations throughout India, Australia, New Zealand, and the United Kingdom. The Ola app connects clients to drivers and a variety of vehicles, including motorcycles, auto-rickshaws, metered taxis, and cabs, allowing hundreds of millions of users and over 1.5 million driver-partners to enjoy simplicity and transparency.
Before Ola, Bhavish worked with Microsoft Research for two years, filing two patents alongside having three papers published in international academic journals. Ankit manages Ola’s product, engineering, and data science teams, providing a robust back-end infrastructure supporting passenger and driver partners’ experiences. He has played a key part in pioneering technology by scaling Ola in a short period.
CEO and Founder at Zomato
Net worth: Rs 2,200 Crores
Age: 38 years
Zomato was launched in 2008 as an Indian multinational restaurant aggregator and meal delivery service. Zomato offers restaurant information, menus, and user ratings, as well as meal delivery from partner restaurants in various locations. The platform is now available in more than 24 countries and over 10,000 locations.
During the Covid-19 pandemic, India’s billionaires have seen their combined fortunes nearly triple, and their number increased by 39% to 142, according to a new report conducted. The income of the country’s ten wealthiest people is enough to help finance school and higher education for children for 25 years. The population of Ultra-High-Net-Worth Individuals (UHNWIs) in India is predicted to increase by 63 per cent in the next five years, with wealth totalling more than $30 million. India now has 6,884 ultra-high-net-worth individuals (UHNWIs) and 113 billionaires. By 2025, the number of Indian billionaires is predicted to rise by 43 per cent.
Edited by Prakriti Arora