With the help of technology and ideas, young entrepreneurs achieved success on their own. In the Corona period also, their wealth has increased by 59 per cent i.e. Rs 44.9 billion.
According to the IIFL Wealth Hurun India Rich List -2020 released on Tuesday, Nitin Kamat (40 years) and Nikhil Kamat (34 years), the founding brothers of brokerage firm Jirodha, topped 16 entrepreneurs. Their total assets are 240 billion, which has increased 58 percent this year.
Divyank Turkhiya (38 years) of Media Dot Net is second in the list with assets of Rs 140 billion. Among the founders of Udaan, Amod Malaviya (39 years), Sujit Kumar (40 years) and Vaibhav Gupta (40 years) are at 131, 311 billion and third, fourth and fifth place respectively.
The list includes young billionaire entrepreneurs under the age of 40 who have no heritage. Which means those who have stood on their own and whose total assets are more than Rs 1,000 crore.
- Riju Ravindran (39) Think and Learn 78 billion
- Binny Bansal (37) Flipkart 75 billion
- Sachin Bansal (39) Flipkart 75 Billion
- Ritesh Aggarwal (26) Oyo Rooms 45 Billion
- Bhavish Aggarwal (35) ANI Technologies 35 Billion
The assets of Udaan’s founders grew by 274 percent
The assets of Amod Malaviya, Sujit Kumar and Vaibhav Gupta have gone up by 274–274 per cent over 2019. Apart from these, the wealth of Riju Ravindran of Think and Learn has increased 117 percent.
Ritesh youngest entrepreneur, earnings reduced
Riyesh Agarwal, 26, founder of OYO Rooms, ranked ninth on the list, is the youngest entrepreneur. However, their wealth has dropped by 40 percent due to the epidemic. Currently, they have assets of 45 billion rupees.
Devu Rajkumar (39 years), founder of VU Technologies, is the only woman businessman in the list. She is 16th in the list. His assets are 12 billion rupees. However, their wealth has fallen by 33 per cent over the previous year.
11 out of 12 startups of Unicorn category
Out of the 16 billionaires, 12 own the startup. Of these, 11 startups are in the Unicorn category, with a total market capital of more than $ 1 billion or Rs 7,300 crore.
The most enterprising Bangalore
Out of the total 16 entrepreneurs, 8 are from Bangalore. There are two each from Delhi and Gurugram, one from Mumbai and one from Vijayawada. There are also two entrepreneurs who live in Dubai and London.