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College dropout Ritesh Aggarwal surpasses Adani to become world’s second-richest self-made billionaire; Ambani not in list

Success Stories Of Billionaires: Ritesh Aggarwal comes from a family that used to run a small shop in Odisha. At the age of 13, he started selling SIM cards. His journey from a small town to the CEO of a multi-billion-dollar company is a witness of his firm determination.---Advertisement--- Aggarwal started a budget accommodation portal, […]

Success Stories Of Billionaires: Ritesh Aggarwal comes from a family that used to run a small shop in Odisha. At the age of 13, he started selling SIM cards. His journey from a small town to the CEO of a multi-billion-dollar company is a witness of his firm determination.

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Aggarwal started a budget accommodation portal, Oravel Stays for booking budget hotels. The Company was launched as OYO Rooms in May 2013. later the company raised $ 1 billion by September 2018 and in just a leap of 1 year (July 2019) Agarwal bought $2 billion in shares in the company, tripling his stakes.

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Oyo Hotels has grown to be India’s largest hotel network and is now valued at $10 billion. It has the big aim to acquire other hotel chains across the globe in 2023 as it grows into the US and Europe after surpassing the second-largest chain in China.

Ritesh Aggarwal is a college dropout and is the richest self-made Indian under 40.

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Mark Elliot Zuckerberg Story

An entrepreneur from America who brought a revolution in the way of socialising with each other is Mark Elliot Zuckerberg. He is world widely known for developing the most popular social networking site called Facebook.

At the age of 19, while studying at Harvard University, Zuckerberg with his four friends launched an app named Facebook in his hostel on February 4, 2004. He created this app for their college friends for sharing photos with their names. But it gained popularity outside the college as well and breached the mark of 1 billion users in the year 2012. The increasing popularity of Facebook prompted Zuckerberg to launch the company public in May 2012. he kept the maximum number of shares of the company with him.

However, at present, he acquires only 13% of the company shares. The name of the company changed to Meta from Facebook in November 2021. In the year 2007, he became the youngest billionaire at the age of 23 in history. In the Forbes list of the 10 richest people in the world, he is the only one who is under 50 years, and in the list of the top 20 billionaires, Zuckerberg is the only one to be under 40 years. In the year 2010, he was placed among the top 100 richest as well as most influential personalities in the world by Times magazine. In the year 2016, Forbes placed Zuckerberg in the list of the top 10 most powerful people in the world.

Presently, he is placed at the 9th position in the Bloomberg list of the top 10 richest in the world with net assets worth of $ 114 billion. While in Forbes’ billionaire list, he is at the 7th place.

Gautam Adani has become a billionaire at the age of 46. Adani wants to be a producer of green energy and will plan to invest $ 70 billion in the renewable energy project.

 Adani’s success story

Gautam Adani is the Chairperson of the Adani Group. He has a net worth of a little over $80 billion as of January 4, 2022, as per Forbes. Gautam’s journey to the top wasn’t a piece of cake. He is a self-made billionaire and his vision helped him to seize opportunities.

He got the business by observing trade tricks which made him learn the importance of demand and supply. He built a 2km long airstrip in his port, capable of catering to large scale. it is the only port in India to have an airstrip.

Mukesh Ambani’s name is not included in the list because this list includes the name of persons who is self-made billionaires and Mukesh Ambani inherited wealth from his father.

 

 

 

 

First published on: Aug 07, 2023 10:16 AM IST


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