India has produced notable billionaires even as family businesses have passed down from generation to generation. India has witnessed an increase in the number of billionaires in the last couple of years.
There are as many as 131 billionaires in India. Many industrialists have reported a drastic jump in their wealth. Even during this coronavirus crisis, billionaires in India managed to grab their position firmly.
In an era with booming entrepreneurship success stories, success is often measured by the value one has in terms of money. The success, however, is years of hard work and toil that gets people where they are today.
The ongoing coronavirus crisis has dealt a massive blow to many businesses and due to which, entrepreneurs are widely affected. The cumulative wealth of Indian billionaires has dropped 23 per cent to $313 billion this year. In addition, the number of billionaires has reduced by four to 102, as per the Forbes Billionaires List 2020.
With that, we bring you a five youngest billionaires of India:-
5. Shamsheer Vayalil
Next on the list is Shamseehr Vayalil. He is the founder, chairman and Managing Director of VPS Health Group.
Net worth: Rs 9,982 crores ($1.4 billion)
4. Acharya Balkrishna
The 47-year-old Acharya Balkrishna is a co-founder, CEO and Managing Director of Patanjali Ayurved
Net worth: Rs 10,695 crores ($1.5 billion)
3. Ranjan Pai
Ranjan Pai is the Managing Director and CEO of the Manipal Education and Medical Group
Net worth: Rs 11,409 crores ($1.6 billion)
2. Byju Raveendran
Meet Byju Raveendran – the founder of edtech unicorn BYJU’s and is India’s second-youngest billionaire. The 39-year-old entrepreneur had debuted in the Forbes Billionaires List this year with an estimated net worth of $1.91 billion.
Net worth: Rs 13,620 crores ($1.91 billion)
1. Vijay Shekhar Sharma
Vijay Shekhar Sharma is placed first on the list of India’s youngest billionaires. For the unversed, he is the founder and CEO of Paytm.
Net Worth: Rs 17,113 crores ($2.4 billion)