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, 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.
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, 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.
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 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.
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.