Mr.Ritesh Agrawal, Founder and CEO of OYO became the world’s second youngest self- made billionaire in the world.
At 26, Agarwal is only second to cosmetics queen Kylie Jenner. According to the Hurun Global Rich List 2020, Agarwal, at 24 years of age, had an estimated wealth of $1.1 billion ( ₹7,800 crores). According to the report, Agarwal a college dropout is the richest self-made Indian below 40 years of age. While the founders of Zerodha, Nithin Kamath, Nikhil Kamath, both in their 30s, are among India’s richest young self-made billionaires.
OYO, which was launched in 2013, has already become the largest hotel chain in the country and has the backing of SoftBank. It has become the largest hotel chain in India and has expanded to China, the US and Europe.
The self-made billionaire was praised by US President, Donald Trump when he was visiting India earlier this week. Us President called him ‘brilliant businessman’. President asked him a question -” How many hotels he has” and he replied that he founded his company as a young startup and it has 330 and worldwide 40,000. President, Trump said- “That’s fantastic. I know about your company. Good job.”
Hurun Global Rich List 2020 announced that India has 137 billionaires in 2020 including 34 new billionaires this year. With a wealth of $67 billion, Reliance Industries chairman Mukesh Ambani is the richest man in India and the ninth richest man in the world.