Meet the 6 youngest self-made Indian billionaires under 50
Becoming a self-made billionaire is no easy task; it's one of the greatest achievements. It's extremely challenging as they aren't gifted billions by their families. The average age of becoming a billionaire is reportedly 51 years; however, there are some self-made Indian billionaires who haven't even crossed 50. Here are 6 such Indian billionaires you need to know about.
Acharya Balkrishna, the man behind Patanjali Ayurved
Acharya Balkrishna, 45, is the co-founder of Patanjali Ayurved. He established it along with Yoga Guru Baba Ramdev in 2006. Balkrishna's net worth is estimated to be $6.4bn (as of Apr'18). A close aide of Baba Ramdev and Managing Director of Patanjali, Balkrishna derives his fortune from the fastest-growing FMCG company. He owns 98.6% of the company that manufactures FMCG, herbal, and ayurvedic products.
Meet one of Chicago's biggest billionaires and his business partner
Indian-American Rishi Shah and his business partner Shradha Agarwal, both 32, joined the billionaire club last year. Shah's net-worth is $3.9bn while Shradha's is $1.1bn (as of Feb'18). They founded Chicago-based Outcome Health in 2006 out of Northwestern University which is a $5bn company today. It is building the world's largest platform for actionable health intelligence and has a presence in almost 20% of doctors' offices in US.
Sameer Gehlaut, the Indiabulls Founder and Chairman
Sameer Gehlaut, 44, is the Chairman and Founder of the Gurugram-headquartered Indiabulls Group, which is a conglomerate of companies dealing in real estate, housing finance, and consumer finance, started in 2000. The net worth of the IIT-D alumnus, who was ranked the Youngest Self Made Billionaire in 2008, is $3.7bn (as of 25 Apr'18). He is among the top 50 billionaires in India.
Paytm founder Vijay Shekhar Sharma, India's youngest billionaire entrepreneur
Vijay Shekar Sharma is currently the only under-40 first-generation entrepreneur in India to have made it into the billionaire club. In 2011, he founded One97 Communications, the parent company of India's fastest-growing mobile wallet and payments bank, Paytm. The net worth of the 39-year-old is $1.73bn (as of Apr'18). Sharma owns 16% of the mobile-first financial services company, Paytm, which is valued at $10bn.
Divyank Turakhia, one of the world's youngest self-made billionaires
Divyank Turakhia is a 36-year-old Indian-born billionaire with a net-worth of $1.76bn (as of Sep'17). He co-founded Directi web products company and global advertising-technology company Media.net (later sold for $900mn to Chinese consortium) along with his brother Bhavin in 1998 and 2010, respectively. Divyank was ranked 95th on Forbes' 100 Richest People in India and Youngest Self-Made Billionaire on Hurun India Rich List 2017.
The founders of Flipkart: Sachin and Binny Bansal
Sachin Bansal and Binny Bansal co-founded the Bengaluru-based e-commerce giant, Flipkart, in 2007. They became the country's first Internet billionaires with fortunes worth $1.5bn each in 2015. However, the Bansals of Flipkart are not billionaires anymore. They lost their billionaire status after Flipkart's valuation fell in a funding round last year. Their net worth was estimated to be $650-750mn as of April 2017.