- Ritesh Agarwal, India’s youngest and world second youngest billionaire (2020).
- His company worth $10 Billion.
- With 30% of shares, his net worth is $1.1 Billion (7800 Crore).
Ritesh Agarwal (Youngest Billionaire of INDIA)
Ritesh Agarwal is one of the noticeable entrepreneurs in India after becomes the youngest billionaire in India. Recently, he bought 30% of a stack in his company from the past 10%. That made him inter in the list of the youngest self-made billionaires.
He is from Bisham Cuttack, Orisha (India). He is the winner of the Thiel Fellowship Program 2013. In this program who dropped-out the collage are encourage to work on his idea. And the winner gets $100k. This program is the biggest push to launch the company in 2013.
In his teen ages, he started selling SIM cards. The ideas of business are seed in his brain from childhood. So, he moves to Delhi to study at the Indian School Of Business And Finance.
The company OYO Rooms launched in May 2013. Initially, it provides services in the limited city of India. Now in 2020, the expansion of OYO Rooms is international.
According to OYO Rooms CEO and Founder, the primary goal of this company is to provide the most satisfying services and comfort at an affordable cost. So to fulfill the needs of millions of customers made the company valuation $10 Billion Dollars in 2020.
From the last two years (2018 and 2019) company growth and expansion are at pace. The no. of employees in south Asia is 8,000 (approx.) out of 17,000 total employees (globally).
In 2020 OYO Rooms expand across 80 countries and 800 cities. It has 35,000 Hotels and 125,000 vacation homes and over 1.25 Million of rooms globally.
The company’s founder and CEO (Ritesh Agarwal) bought 30% of a stack of the company (valuation $ 10 Billion Dollars ). That raises his fortune to $ 1.1 Billion Dollars or (7,800 Cr).
Now, he is a second youngest billionaire (after Kylie Jenner) in the world. And the youngest billionaire in India. His company serves millions of people every day across the world.