Greek scholar Euripedes said Youth is the best time to be rich, and the best time to be poor. The Forbes Index of Billionaires unveiled over 2000 billionaires for 2018. 8 young (between 21-30) billionaires are featured in the 2018 edition. The most youngest on the index is 21 year old Alexandra Andresen from Norway.
Andresen and her sister Katharina Andersen, 22, both investors herself are ranked on the youngest billionaires index. They are daughters of Johann Andresen Jr, a Norwegian industrialist and investor. Closely following the Andresen Sisters is Gustav Magnar Witzoe, the Norwegian billionaire and owner of Salmon ASA, a fish farming company.
Topping the Young and Rich list are Snapchat's founders, Bobby Murphy, 29 and Evan Spiegel, 27 with net-worth of $4.2 and $4.1 billion respectively.
Not a single Indian on the index is below the age of 30. PayTM's Vijay Shekhar Sharma, 39 is the youngest Indian on the index.
There has been only one Indian (below 40) on the Billionaires Index- PayTm's Vijay Shekhar Sharma. Here are the under-50 young Indians on the Forbes Billionaire Index.
Vijay Shekhar Sharma
|Rank: 1394||Net-Worth: $ 1.7 billion||Age: 39||Company: One97 Communications|
Sharma's rankings have moved nearly 170 positions in 2018. He was ranked 1567 in 2017. His tryst with the online world started as early as 1997. In college, he started a website- indiasite.net and sold it for $1 million in 1999. His One97 Communications that offers mobile content like news, cricket scores, ringtones, jokes and exam results was started in 2000. Paytm was launched later in 2010. Born in Aligarh, Uttar Pradesh, Sharma cites Jack Ma, Alibaba's founder and Masayoshi Son of SoftBank as his mentors. An ardent Facebook critic, Sharma criticized the Free Basics and even Whatsapp's rollout of payment functionalities.
|Rank: 1561||Net-Worth: $ 1.5 billion||Age: 41||Company: VPS Healthcare|
Dr. Vayalil is an Indian doctor, entrepreneur and philanthropist. Born in Kerala, Dr Vayalil completed his Bachelors in Medicine from Kasturba Medical College and an MD in Radiology from Sri Ramachandra Medical College and Research Institute in Chennai. The VPS healthcare group, he founded, has twenty fully operational hospitals- primary, secondary and tertiary care clinics and medical centers, industrial medicine practices, pharmaceutical manufacturing, pharmacy retail chain, and healthcare support services spread across Middle East, Europe and the Indian Subcontinent. An Arabian Business magazine rated him among the top 100 powerful Indians in the Persian Gulf region.
|Rank: 729||Net-Worth: $ 3.2 billion||Age: 44||Company: IndiaBulls Group|
The Founder and Chairman of IndiaBulls Group has a BTech in Mechanical Engineering from IIT-Delhi. Indiabulls Group is listed with a market cap of over 80,000 crores (12.5 billion USD). As of 2015, IndiaBulls staffed nearly 7000 employees. Although, Gehlaut's father was a rich miner- Balwan Singh Gehlaut, he has been referred to as a self-made billionaire. In 1999, Gehlaut partnered with Rajiv Rattan, to start a brokerage firm. The company started modestly- 2 terminals in a tin roofed office in Hauz Khas bus terminal in Delhi. Angel Investments from Avendus, Lakshmi Mittal, and a bumper IPO in 2004 set the tone forward.
|Rank: 274||Net-Worth: $ 6.3 billion||Age: 45||Company: Patanjali Ayurved|
The billionaire Baba's fortunes are driven from the consumer goods giant Patanjali. Acharya owns nearly 98.6% of the company, he founded with Yog-guru Baba Ramdev. He has written books on Ayurveda, Food Cottage, and holds an important position in Patanjali University. Patanjali has been credited as the company responsible for reviving a mass frenzy for Ayurvedic and Swadeshi goods. Acharya claims that he has not taken a single day of leave, and not a single penny as salary, in spite of the huge stake in the multi-crore Ayurvedic business.
Dr. Ranjan Pai
|Rank: 1284||Net-Worth: $ 1.9 billion||Age: 45||Manipal Education and Hospitals|
Dr. Ranjan Pai completed his medical graduation from Kasturba Medical College, Manipal, and a fellowship in Hospital Administration in US. A story in the Forbes magazine, says that Doctor Pai saw both ends of investing world. As Chairman of Manipal Education and Hospitals, he oversaw his group's funding exercise- 16 rounds between 2006-17 raising $700 million. And, as an investor, he reposed faith in startups such as Byjus- The Learning App. Pai's Manipal University has more than 100,000 students with overseas campuses in Malaysia, Antigua, Dubai and Nepal, besides interests in stem cell research. Pai is reportedly looking to expand into health insurance by acquiring a stake in U.S.based Cigna's Indian joint venture.
|Rank: 1157||Net-Worth: $ 2.1 billion||Age: 47||Oberoi Realty|
47 year old Vikas Oberoi is the The Chairman of Oberoi Realty, and a Harvard alumni. Oberoi owns the Westin hotel in suburban Mumbai and is building the city's first Ritz-Carlton hotel and residences, due to open in 2018. Although a second-generation leader, it may not have come easy for the Harvard educated Vikas. According to the Forbes magazine, A successful bid for a 107 crore land parcel in Goregaon from pharmaceuticals company Novartis, was converted into a signature residential-cum-commercial township, a five-star hotel and a school.
|Rank: 1215||Net-Worth: $ 2 billion||Age: 48||AT Holdings|
The Indian-born Singapore resident has extensive experience in the commodities market, particularly in oil and grain. Tiku has interests in oil and gas, property and renewable energy, held through his privately held AT Holdings. He left India at an early age of 18 to study mechanical engineering in Russia and worked as a commodities trader before getting into oil and gas in Kazakhstan. Along with steel magnate Lakshmi Mittal and Timur Kulibaev, son-in-law of Kazakhstan's president, Tiku owns a stake in London-listed Nostrum Oil & Gas. Back home, Tiku has holdings in several renewable energy projects.
|Rank: 1867||Net-Worth: $ 1.2 billion||Age: 48||Dabur India|
The man at Dabur India's foray into processed foods holds an MBA from the University of Cambridge and a BSc in industrial engineering from Leigh University. Burma, according to Forbes magazine is a director in 26 other business firms. Known to be a fitness-freak, Burman holds a private pilot license. The low-profile Dabur scion, holds a chain of quick service restaurants such as Zambar, Asia Seven, Fresc Co, Pinos, and Baker Street. He also owns a handful of Subway outlets in India.
|Rank: 127||Net-Worth: $ 11.8 billion||Age: 50||Aditya Birla Group|
Birla, the Chancellor of the Birla Institute of Technology and Chairman of IIT-Delhi is the fourth-generation leader of the Birla Family. Birla has a Bachelor of Commerce degree from H.R. College of Commerce and Economics, and an MBA degree from the London Business School. He also has a CA from the ICAI. Birla took over as chairman of the Aditya Birla Group in 1995, at the age of 28, following the death of his father Aditya Vikram Birla. The group's annual turnover has zoomed from $3.33 billion in 1995 to US$41 billion in 2015.