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  • CafeAlt Common traits of biggest wealth gainers: youth, self-made and technology

    Common traits of biggest wealth gainers: youth, self-made and technology

    All the self-made entrepreneurs under the age of 40 derive their wealth from technology-based ventures.
    Team Cafemutual Oct 7, 2019

    Young Indians deriving their wealth from technology-based ventures are among the fastest wealth creators, shows a report by IIFL Wealth and Hurun India.

    The ‘IIFL Wealth Hurun India Rich List 2019’ report has featured 953 individuals, who have a minimum wealth of Rs 1,000 crore. Among these 953 individuals, the top five gainers are self-made entrepreneurs under the age of 40 and hail from the technology sector.

    IIFL Wealth Hurun India Rich List 2019 – The Biggest Gainers

    No

    Names

    Wealth

    (Rs Crore)

    % change

    Company

    Age

    No

    1

    Amod Malviya

    3,500 

    218%

    Udaan

    38

    Software & Services

    2

    Sujeet Kumar

    3,500 

    218%

    Udaan

    39

    Software & Services

    3

    Vaibhav Gupta

    3,500 

    218%

    Udaan

    38

    Software & Services

    4

    Ritesh Agarwal

    7,500 

    188%

    Oravel Stays (Oyo)

    25

    Software & Services

    5

    Byju Raveendran

    7,700 

    133%

    Think & Learn

    41

    Software & Services

     

    In fact, all the self-made entrepreneurs under the age of 40 derive their wealth from technology-based ventures.

    The youngest self-made entrepreneur under the age of 40 is 25-year-old Ritesh Agarwal of Oyo Rooms. He has a net worth of INR 7,500 crore. The wealthiest individual in this category is 37-year-old Divyank Turakhia of Media.net with a net worth of Rs.13,000 crore.

    Devita Rajkumar Saraf (38) of VU Technologies and 33-year-old Divya Gokulnath of Think & Learn are the two self-made women under 40.

    IIFL Wealth Hurun India Rich List 2019 – Self-made entrepreneur under 40

    No

    Names

    Wealth

    (Rs Crore)

    City of

    Residence

    Company

    Age

    1

    Ritesh Agarwal

    7,500

    New Delhi

    Oravel Stays 

    25

    2

    Ankit Bhati

    1,400

    Bengaluru

    ANI Technologies

    33

    3

    Sriharsha Majety

    1,400

    Vijayawada

    Bundl Technologies

    33

    4

    Divya Gokulnath

    1,800

    Bengaluru

    Think & Learn

    33

    5

    Bhavish Aggarwal

    3,100

    Bengaluru

    ANI Technologies

    34

    6

    Binny Bansal

    5,500

    Bengaluru

    Flipkart

    36

    7

    Deepinder Goyal

    1,900

    Gurugram

    Zomato Media

    36

    8

    Divyank Turakhia

    13,000

    Dubai

    Media.Net

    37

    9

    Riju Ravindran

    3,600

    Bengaluru

    Think & Learn

    38

    10

    Sachin Bansal

    6,100

    Bengaluru

    Flipkart

    38

    11

    Amod Malviya

    3,500

    Bengaluru

    Udaan

    38

    12

    Vaibhav Gupta

    3,500

    New Delhi

    Udaan

    38

    13

    Deepak Garg

    2,800

    Gurugram

    Rivigo

    38

    14

    Devita Rajkumar Saraf

    1,800

    Mumbai

    VU Technologies

    38

    15

    Nithin Kamath

    6,600

    Bengaluru

    Zerodha

    39

    16

    Sujeet Kumar

    3,500

    Bengaluru

    Udaan

    39

     

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