Table of Contents
Introduction
Ritesh Agarwal, also known as the youngest billionaire of India, is a leading name associated with innovation and entrepreneurship. He is the well-known personality of business world. His journey is an inspiration for many as he achieved success at a very young age. Coming from Odisha, he is the founder and CEO of OYO Hotels and homes. It is amazing to know that he founded OYO Hotels and Rooms when he was just 21 years old. After a decade, OYO become one of the top hospitality chains in the world. It has valuation of more than Rs. 330 crores. In this article, we will be discussing about Ritesh Agarwal net worth, income and salary. Also, we will look into his biggest achievement (OYO) and other investments.
Ritesh Agarwal Net Worth
Ritesh is a college dropout who is counted in the wealthiest self-made individual in India. He got the success at a very young age. Moreover, he is renowned as the owner and CEO of OYO. At the age of 26, he attained the title of the world’s second youngest self-made billionaire. Apart from this, he also appeared as one of the sharks in the Shark Tank. As per the sources, Ritesh Agarwal net worth is estimated to be around Rs. 16000 crores.
| Monthly income | Rs. 10 crores |
| Yearly income | Rs. 100 crores |
| Wealth | Rs. 16,462 crores |
| Miscellaneous assets | Rs. 170.05 crores |
Ritesh Agarwal Biography
Ritesh Agarwal was born in the Marwari family. He celebrates his birthday every year on 16th November 1993. Though, he was born in Bissam Cuttack, Odisha, he was brought up in Titilagarh. Moreover, his family ran a small shop in Rayagada. As for his basic schooling, he went to Sacred Heart School. And later, he went to St. Johns Senior Secondary School. After that, he moved to Delhi in 2011 in college.
Overview and Personal details
| Name | Ritesh Agarwal |
| Profession | Entrepreneur |
| Famous for | Being the founder of the OYO rooms |
| Date of Birth | 16 November 1993 |
| Age (as of 2024) | 31 years |
| Birthplace | Bissam Cuttack, Odisha |
| Zodiac sign | Scorpio |
| Nationality | Indian |
| Hometown | Cuttack, Odisha, India |
| School | Sacred Heart School and St. Johns Senior Secondary school |
| College | Indian school of Business and Finance, New Delhi |
| Educational qualification | College dropout |
| Religion | Hinduism |
| Hobbies | Cycling, Traveling, reading books, watching documentaries |
| Net Worth | Rs. 16000 Crores |
Ritesh Agarwal Net Worth and Investments
As per the sources, Ritesh Agarwal Net Worth is estimated to be around Rs. 16000 crores. The company growth rate is 100% over the last four years not to mention he has invested in some of the most notable companies. It includes Unacademy, Cars24 and Zingbus. They recently invested in First Bud Organics (Angel Round) on 30 March 2024. Their area of investment covers companies in India, Singapore and 1 more.
Ritesh Agarwal- Oyo Rooms
OYO rooms were founded in 2013 by Ritesh Agarwal. The company started with just five hotels in Gurgaon, India. With the initial investment of Rs. 82 lakhs, he started OYO as a channel to book accommodation in budget. Over the years, OYO become the largest hospitality chains globally. Additionally, it offers wide-range of budget friendly to mid-range accommodations. In 2018, he accumulated USD 1 billion in funding for his company. This step earned him great reputation and distinction of becoming the youngest self-made billionaire in India. In addition to this, he also recognized as the world’s second self-made billionaire with Kylie Jenner on the first position.
House, Property and Assets
According to the reports of 2019, it is said that he acquired a $2 billion worth of shares in the company. Moreover, he also owns a luxurious residence in Mumbai. along with this, he also possesses a range of automobiles. It includes Mercedes, Audi, Toyota Fortuner. This also add impressive amount to his net worth.
Achievements & Philanthropy: Ritesh Agarwal Net Worth
Ritesh got the Business world young entrepreneur award. Following this, his name also featured in Forbes’30 under 30 Asia list both in 2016 and 2018. Apart from his business, he is also engaged in numerous charitable activities. It includes the Ritesh Agarwal Foundation dedicated to assisting young entrepreneurs in India. Besides, he has devoted $2 billion from his own wealth to such philanthropic causes.
Conclusion
To sum it up, Ritesh Agarwal is the youngest leading business man of India. He is famous for being the founder of OYO rooms and hotels. The story of this young man is an inspiration for many generations to come. In this article, we have discussed about Ritesh Agarwal net worth, salary and investments. Also, we have looked into his most amazing business idea of hospitality (OYO).
FAQs
Q- Who is Ritesh Agarwal?
Ritesh Agarwal is an Indian entrepreneur. He is well-known as the founder of OYO hotels
and rooms.
Q- What is the full form of OYO?
The full form of OYO is ‘On Your Own’.
Q- What is the net worth of Ritesh Agarwal?
The net worth of Ritesh Agarwal is estimated to be around 16000 in Indian Rupees.
Q- Who is the real owner of OYO?
The founder and owner of OYO is Ritesh Agarwal.
Q- What is the salary of Ritesh Agarwal?
The monthly salary of Ritesh Agarwal is Rs. 10 crores.