Tag: richest person in world

Top 30 Richest People in Dubai
Dubai has come to be regarded as a global wealth-making place, hosting a rare amalgam of various strategic positions, visionary and risk-takers of decisions, and an upbeat economy.

The tax-haven status and free repatriation of all revenues attract foreign investments, whereas a glorious placement facilitates businesses to operate in over 3 billion markets. The Dubai International Financial Centre (DIFC) offers interstitial assurance to the financial services domain, while the initiatives in AI, Web3, and data analytics foster the necessary innovation.

The boom in the real estate sectors, courtesy of Expo 2020 advantages and sustainable development, is ripe with opportunities.

Here is a list of the top 30 richest people in Dubai.
Pavel Durov

Name Pavel Durov

Position Founder of Telegram

Net Worth $17.1 billion

Richest Person in Dubai – Pavel Durov

Pavel Durov, who was born on 10th October 1984 in Russia, an IT entrepreneur, is a person known for founding Telegram. He moved the headquarters of Telegram to Dubai in 2017. He was ranked 120th on the billionaire’s list of Forbes in 2023, with a personal worth of $15.5 billion as of 25th August 2024, and is one of the richest man in Dubai.

In February 2023, Arabian Business called him the most powerful entrepreneur in Dubai. Durov is a supporter of Internet freedom and uses his platform to speak against laws that impose restrictions. He has citizenship in Russia, Saint Kitts and Nevis, UAE, and France; since 2021. Durov has an impact around the world.

Mohammed Bin Rashid Al Maktoum

Name Sheikh Mohammed bin Rashid Al Maktoum

Position UAE vice president and prime minister

Net Worth $18 billion

Richest Person in Dubai – Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, and currently the UAE vice president and prime minister, was born on July 15, 1949. He became the ruler of Dubai on January 4, 2006, following the death of his brother Sheikh Maktoum bin Rashid Al Maktoum; the next day, he was appointed vice president of the UAE and approved as prime minister on February 11 and is one of the top 10 richest person in Dubai.

A billionaire deriving most of his fortune from real estate served mainly within the world of development. Given his blurred line of state and personal assets, his worth is said to be around $14 billion in 2025.

Sunil Vaswani

Name Sunil Vaswani

Position Chairman of Stallion Group

Net Worth $1.6 billion

Richest Person in Dubai – Sunil Vaswani

Sunil Vaswani, who was born on July 11, 1963, in Jaipur, India, is one of the Nigerian billionaires of Indian origin. He is also the chairman of Stallion Group, a Dubai-based conglomerate with interests in roads, foods, steel, plastics, and petrochemicals. Stallion Group has grown under his leadership to include outlets in Asia, the United Arab Emirates, and Africa, as well as acting as a representative of international brands and industries such as rice milling and vehicle assembly. He lives in Emirates Hills in Dubai and is of dual nationality, holding both Nigerian and British citizenship. As of February 2025, Forbes estimated his worth at $7.48 billion.

M.A Yusuffali

Name M. A. Yusuff Ali

Position Chairman of Lulu Group International

Net Worth $5.8 billion

Richest Person in Dubai – M. A. Yusuff Ali

M. A. Yusuff Ali, a businessman who was born on November 15, 1955, in Nattika, Kerala, is now an Indian billionaire and the chairman of Lulu Group International. He moved to Abu Dhabi in 1973 to turn his uncle’s distribution business into a multinational empire: his Lulu Group has over 250 hypermarkets and most malls in the Middle East, Asia, and Europe, making an annual turnover of $ 8.4 billion with the largest Indian diaspora workforce.

He was the top Indian businessman in the Arab region according to Forbes Middle East in 2018. By 2025, his net worth will be calculated at about $6.4 billion.

Joy Alukkas

Name Joy Alukkas

Position Chairman Joyalukkas Group

Net Worth $4.4 billion

Richest Person in Dubai – Joy Alukkas

Joy Alukkas, born on September 4, 1956, in Thrissur, Kerala, is chairman of Joyalukkas Group, the largest jewel retail chain. Coming from a family background as a jeweler, he started the brand in the year 2001 and has expanded the brand to more than 160 showrooms in 11 countries. The Middle East remains a stronghold for the brand. His business prides itself before the court of customer service and quality production, while at the same time operating under Joyalukkas Exchange and Joyalukkas Lifestyle Developers. He is a great philanthropist involved in various social service initiatives. He stays in Dubai and keeps building new avenues. As of Feb 2025, Forbes estimated his net worth to be $4.4 billion, thereby making possible checks on him as a key figure in the global jewelry market.

Hussain Sajwani

Name Hussain Sajwani

Position Founder DAMAC Properties

Net Worth $5.1 billion

Richest Person in Dubai – Hussain Sajwani

Hussain Sajwani, a UAE born back in 1952 or 1953, is the brains of DAMAC Properties, the largest luxury real estate developer across the Middle East. Joining Abu Dhabi Gas Industries in 1981 as a finance officer, Sajwani saw entrepreneurship by launching Global Logistics Services, a catering company, in 1983. He founded DAMAC Properties in 2002 and developed around 27,400 homes under it. According to estimates in August 2024, Sajwani’s net worth is estimated at $5.1 billion. The company has formed partnerships with luxury brands such as Versace, Fendi, and Roberto Cavalli. In 2025, he and Donald Trump announced a $20 billion investment in U.S. data centers.

Abdulla Bin Ahmad Al Ghurair

Name Abdulla bin Ahmad Al-Ghurair

Position Founder of Mashreqbank

Net Worth $3.9 billion

Richest Person in Dubai – Abdulla bin Ahmad Al-Ghurair

Born in or around 1930, Abdulla bin Ahmad Al-Ghurair is an Emirati billionaire who is the founder of Mashreqbank. Although he resigned as chairman in October 2019, he continues to be a board member. He also founded Oman Insurance in 1975, re-branded as Sukoon in 2022, while his construction company was pivotal in the development of Dubai Metro and for the external cladding of Burj Khalifa. Forbes’s real-time calculations on February 12, 2025, pegged his family’s valuation at $4.7 billion, while some report it as $4.9 billion. He has diversified sources of income, with a net worth increment of $911.59 million as of 2023.

Sunny Varkey

Name Sunny Varkey

Position Founder and executive chairman of GEMS Education

Net Worth $3.8 billion

Richest Person in Dubai – Sunny Varkey

Sunny Varkey, born April 9, 1957, in Kerala, India) is a Dubai-based entrepreneur and philanthropist. He is the founder and executive chairman of GEMS Education, the largest private K-12 school operator in the world. He was raised by teacher parents who moved to Dubai in 1959; after spending some time in banking, trading, and health care, he began to develop his family school. The formal establishment of GEMS Education was in 2000, offering varying curricula with a worldwide scope. He is also the chairman of the Varkey Group and has established the Varkey Foundation for improving education across the globe. As of February 2025, his estimated net worth is $4 billion.

Feroz Allana

Name Feroz Allana

Position Founder of the Allana Group

Net Worth $4.3 billion

Richest Person in Dubai – Feroz Allana

Feroz Allana is a UAE businessman active since 1975, and he is one of the founders of the Allana Group; the IFFCO Group mammoth conglomerate based in the UAE professing business in consumer products the other. Under his stewardship, IFFCO burgeoned into 38 factories located in 37 countries, producing over $7 billion a year with a workforce of more than 12,500 employees; its products touch consumers in 101 countries across the world. His estimated net worth as of November 2024 is about $4.3 billion, making him one of the foremost business personalities in the UAE.

Ravi Pillai

Name Ravi Pillai

Position Founder and chairman of RP Group

Net Worth $4.3 billion

Richest Person in Dubai – Ravi Pillai

B. Ravi Pillai was born in the year 1953 on the second day of September. An Indian businessman per se, now residing in Dubai, and the founder and chairman of RP Group, the transnational corporate giant that spans businesses from construction, hospitality, steel, and cement to oil and gas. He started up an engineering contracting firm in the Kerala state but later shifted to Saudi Arabia to make a home in 1978 after a labor strike.

There, he founded Nasser S. Al Hajri Corporation (NSH) which thereafter became the flagship of RP Group. As of 2023, Forbes calculated his net worth at $3.5 billion, pegging him as one of the top business personalities in the Middle East.

Abdulla Al Futtaim

Name Abdulla Al Futtaim

Position Founder of Al-Futtaim Group

Net Worth $2.6 billion

Richest Person in Dubai – Abdulla Al Futtaim

Abdulla Al Futtaim is an Emirati billionaire businessman, investor, and philanthropist who owns Al-Futtaim Group, a diverse conglomerate engaged in automotive, retail, real estate, financial services, and healthcare. His businesses also include Al-Futtaim Motors, the exclusive distributor of Toyota, Lexus, and Hino in UAE, and the association with Al-Futtaim Trading, Real Estate and Retail arms. In 2000, the Al-Futtaim family separated business interests with Abdulla running the automotive and retail while his late cousin Majid Al Futtaim was given the property development area. Forbes assesses the billionaire’s case to be worth $2.9 billion in February 2025.

Shamsheer Vayalil

Name Shamsheer Vayalil Parambath

Position Founder and chairman of Burjeel Holdings

Net Worth $2.1 billion

Richest Person in Dubai – Shamsheer Vayalil Parambath

Shamsheer Vayalil Parambath, a radiologist and businessman, was born on January 11, 1977. He is the founder and chairman of Burjeel Holdings, one of the leading healthcare providers in the Middle East. Through his family office, VPS Healthcare, he manages a wide-ranging investment portfolio that includes Burjeel Holdings, RPM, LifePharma, Lakeshore Hospital, Ziva, Keita, and Educare Institute. He is also the vice-chairman and Geschäftsführer of Amanat Holdings.

Vayalil began his career as a radiologist at Sheikh Khalifa Medical City in Abu Dhabi. In 2007 he opened his first hospital, the LLH Hospital, in Abu Dhabi. In the following twelve years, his company VPS Healthcare would inaugurate 20 hospitals in three countries. Currently, there are over 23 medical centers run by VPS Healthcare, with almost 13,000 employees across the Middle East. Vayalil’s net worth stands at $2.6 billion as of 2023 making him one of the richest man in Dubai.

Raghuvinder Kataria

Name Raghuvinder Kataria

Position Chairperson of Kataria Holdings

Net worth $ 2.1 billion

Richest Person in Dubai – Raghuvinder Kataria

Raghuvinder Kataria, a British billionaire businessman born in April 1949 in Jinja, Uganda, has a major interest in telecommunications and real estate. At 16, he moved to London, where he became a chartered accountant and began his career with International Computers Limited (ICL) before assuming the role of European treasurer. He set up Jasmine Telecom in Thailand, which merged with Bharti Enterprises, and received a load of money for a minority stake in Bharti Airtel for approximately $500 million. Apart from being chairperson of Kataria Holdings, based in Dubai, he manages investments focusing on infrastructure and financial services. Forbes reports a net worth of $2.1 billion in February 2025.

Saket Burman

Name Saket Burman

Position Vice-chairman of Dabur

Net worth $ 1.4 billion

Richest Person in Dubai – Saket Burman

Saket Burman, the British billionaire businessman, was born in either 1976 or 1977; he is the vice-chairman of Dabur Ltd., a top-end consumer goods company. Upon the death of his father Sidharth Burman in 2015, he inherited a 12.4 percent stake in Dabur. After completing a bachelor’s degree in marketing and finance from the University of Wisconsin-Madison, he rose to senior management positions in the company. He is also a director of Dabur International Ltd., based in Dubai. He leads an international life, having residences in Dubai, London, and Delhi. In 2025, Forbes estimated his net worth to be $1.5 billion, mostly from his stake in Dabur.

Philip Day

Name Philip Day

Position Chairman – Edinburgh Woollen Mill

Net worth $ 1.2 billion

Richest People in Dubai – Philip Day

Philip Day is a billionaire businessman from the United Kingdom, born in October 1965, who resides in Dubai and serves as the owner and chief executive officer of The Edinburgh Woollen Mill Group, which includes Peacocks and Bonmarché. He began his career at Coats Viyella and later became Joint Managing Director of Aquascutum. He joined The Edinburgh Woollen Mill in 2001 and led the buyout of that company in 2002. Under his management, the acquisitions of other companies such as Ponden Mill, Rosebys, and Jaeger were carried out by Edinburgh Woollen Mill. Known for turning around ailing retail chains, he bought Peacocks in 2012. Forbes estimates that his net worth is $1.2 billion as of February 2025.

Divyank Turakhia

Name Divyank Turakhia

Position Co-founder of Directi

Net worth $ 1.8 billion

Richest People in Dubai – Divyank Turakhia

Divyank Turakhia, one of the billionaires in Dubai was born on January 29, 1982. He is an entrepreneur and investor of Indian origin, working extensively in technology and advertising. At 18, he co-founded Directi with brother Bhavin, who later founded multiple successful ventures, including Media.net, sold in 2016 for $900 million—one of the largest-ever ad-tech deals. Dubbed one of the youngest billionaires, he loves learning, flying, and scuba diving and splits his time between Dubai, Los Angeles, London, and San Francisco. According to Forbes, he has a projected net worth of $1.8 billion as of February 2025, signifying his imprint on the tech sector as an innovative entrepreneur and vision-driven investor.

Mohammed Khalaf Al Habtoor

Name Mohammed Khalaf Al Habtoor

Position Chairman and CEO of Al Habtoor Group

Net worth $ 1.5 billion

Richest People in Dubai – Mohammed Khalaf Al Habtoor

Mohammed Khalaf Al Habtoor, one of the billionaires in Dubai was born on September 30, 1968. He is Vice Chairman and CEO of Al Habtoor Group, one of the leading Emirati conglomerates involved in hospitality, automotive, real estate, and education. Son of the founder Khalaf Al Habtoor, Mohammed Khalaf received a degree in Hotel and Restaurant Management and played a crucial role in almost all major developments in Dubai, including Al Habtoor City and Waldorf Astoria Dubai Palm Jumeirah. Based out of Dubai, he deals with a myriad of activities involving all the different business ventures of the group as well as their philanthropic undertakings. Forbes estimates their worth at $1.5 billion as of February 2025, which underscores his influence within the UAE corporate landscape.

Abdulla Al Naboodah

Name Abdullah Al Naboodah

Position Chairman of the Saied and Mohammed Al Naboodah Group

Net worth $ 1.5 billion

Richest People in Dubai – Abdullah Al Naboodah

Abdullah Al Naboodah is an eminent Emirati businessman and chairman of the Saied and Mohammed Al Naboodah Group, a major Dubai-based conglomerate having diverse interests in realms including construction, real estate, automotive, and investment. Starting humbly as a management trainee in 1978, he grew and led the group through major developments and into involvement with big projects throughout the UAE. Besides his industrial ventures, he has made tremendous contributions to sports in the UAE, serving since 2010 as the chairman of Al Ahli Club and Al Ahli Football Company. Forbes estimates that in February 2025, he had a net worth of $1.5 billion and he is one of the richest men in Dubai.

Saeed Bin Butti Al Qebaisi

Name Abdullah Al Naboodah

Position Chairman of the Saied and Mohammed Al Naboodah Group

Net worth $ 1.5 billion

Richest People in Dubai – Saeed Bin Butti Al Qebaisi

Saeed Bin Butti Al Qebaisi is a famous Emirati businessman and chairman of Centurion Investments, a private equity firm in Abu Dhabi. With a diverse range of interests spanning healthcare, money exchange, and retail, he has been director of the boards of NMC Health Plc and Tasameem Real Estate Co. LLC. His leadership has helped many sectors of growth in the UAE. Based out of Abu Dhabi, he constantly oversees his investments and businesses. Forbes estimates his net worth at $1.2 billion in February 2025, establishing him as a highly influential person on the Emirati business scene.

Azad Moopen

Name Azad Moopen

Position Founder of Aster DM Healthcare

Net worth $ 1.1 billion

Richest People in Dubai – Azad Moopen

Azad Moopen, born on July 28, 1953, hails from Kalpakanchery, Kerala, India. He is a prominent healthcare entrepreneur and is behind Aster DM Healthcare. After being a medical lecturer, he traveled to Dubai in 1987 to establish Aster DM Healthcare, the country that now runs over 697 hospitals, clinics, and pharmacies in seven countries. Through the Aster DM Foundation, Moopen is known for being dedicated to affordable and high-quality healthcare and various philanthropic initiatives. The Padma Shri Award was given to him in 2011 as a recognition of his accomplishments. As of February 2025, he has an estimated net worth of 1.1 billion USD, according to Forbes, and resides in Dubai.

Micky Jagtiani

Name Micky Jagtiani

Position Chairman of Landmark Group

Net Worth $3 billion

Richest People in Dubai – Micky Jagtiani

Mukesh Wadhumal Jagtiani aka Micky Jagtiani is one of the top billionaire businessmen in Dubai. He was born in India and has an established UAE based business. He is the owner and chairman of Landmark Group, based in Dubai.

Micky Jagtiani is known for its remarkable Landmark retail stores. His business provides livelihood to more than 45000 people. There are more than 1000 stores of Landmark Group across the Middle East, Persian Gulf region and India.

Saif Al Ghurair

Name Saif Al Ghurair

Position Al Ghurair Group

Net Worth $1.7 billion

Richest People in Dubai – Saif Al Ghurair

Saif Al Ghurair is the chairman and head of the largest manufacturing and real estate companies in the Emirate, The Al Ghurair Group.

He is known for his tremendous investments that always bring profitable results. He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates.

B.R Shetty

Name B.R Shetty

Position Chairman, NMC Health and Finablr

Net Worth $3.15 billion

Richest People in Dubai – B.R Shetty

Bavaguthu Raghuram Shetty, one of the billionaires in Dubai is the founder, and acquirer of the United Arab Emirates companies accommodating Abu-Dhabi-based NMC Health, BRS Ventures, Neopharma, and Finablr. B.R. Shetty is an Indian-born businessman who is counted among the top businessmen in Dubai. Also, ranked as the 42nd richest person in 2020.

B.R. Shetty began his career with his interest in hospitals and hospitality. He then expanded into the financial services, advertising, pharmaceuticals, information technology, and retail business.

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Vinod Shantilal Shah Adani

Name Vinod Shantilal Shah Adani

Position Chairman of Adani Group

Net Worth $8.9 billion

Richest People in Dubai – Vinod Shantilal Shah Adani

The Indian businessman and head of Adani Group of Industries, Vinod Shantilal Shah Adani is the director of Trident Trade and Investment Private Ltd, Radiant Trade and Investment Private Ltd, Adani Power Pte Ltd, Venture Trade and Investment Private Ltd, Pride Trade and Investment Private Ltd, Adani Power (Overseas) Limited, Adani Global Limited, Adani Global FZE, Adani Enterprises Ltd, and Adani Bunkering Pte. Ltd.

Vinod Shantilal Shah Adani is the elder brother of Gautam Adani. Since 2016, the Adani Group has kept lowkey from the media reports because of the major issue of the offshore entities in the Panama Papers.

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Majid Al Futtaim

Name Majid Al Futtaim

Position Chairman, Majid Al Futtaim Holding (MAF)

Net Worth $6.1 billion

Richest People in Dubai – Majid Al Futtaim

The richest-ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies in the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region, and the Middle East.

Majid Al Futtaim Holdings’ turnover is around US$8.8 billion in revenue and made a profit in 2017 of up to US$600 million. It owns the exclusive rights to manage the franchises of All Saints, Carrefour, Abercrombie & Fitch, and Lululemon Athletica.

Abdullah bin Ahmad Al Ghurair

Name Abdullah bin Ahmad Al Ghurair

Position Chairman, Mashreqbank

Net Worth $4.9 billion

Richest People in Dubai – Abdullah bin Ahmad Al Ghurair

Abdullah bin Ahmad Al Ghurair is the founder of one of the leading banks in the United Arab Emirates, Mashreqbank. His wealth can be easily estimated by the standard of the bank. He acts as the chairman meanwhile his son, Abdul Aziz holds the position of CEO.

Moreover, Abdullah bin Ahmad Al Ghurair holds many eponymous companies and mammoth corporations with an interest of real estate and food construction.

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Thaksin Shinawatra

Name Thaksin Shinawatra

Position Founder, Advanced Info Services and Shin Corporation

Net Worth $1.8 billion

Richest People in Dubai – Thaksin Shinawatra

Thaksin Shinawatra is a Thai businessman who is also a well-known politician and visiting professor. He served Thai in the Department of Thai Police for 14 years (1973-1987). Then he was elected as the Prime Minister of Thailand for 5 years (2001-2006). But, with the abundance of power, in 2008 he was found guilty of corruption. That’s why now he is living in self-exile.

Thaksin Shinawatra is the founder of Advanced Info Service which is a mobile phone operator company and the Shin Corporation which is an IT and telecommunications alliance-based company. This made him on the list of the richest people in Thailand.

Abdullah Al Futtaim

Name Abdullah Al Futtaim

Position Al-Futtaim Group

Net Worth $2.1 billion

Richest People in Dubai – Abdullah Al Futtaim

The Emirati billionaire who is the fellow cousin of Majid Al Futtaim and owner of the Al-Futtaim Group, Abdullah Al Futtaim is counted as one of the richest men in Dubai.

Abdullah Al Futtaim owns the nationality of Emirati with a net worth of 2.1 US billion dollars. He specialized in the field of retail and real estate, and operations in the automotive industry. Abdullah Al Futtaim is the CEO of Al-Futtaim Private Company LLC.

Lubna Khalid Ali Qasimi

Name Lubna Khalid Ali Qasimi

Position Leader, Emirati Party and Member of Sharjah

Net Worth $1-5 billion

Richest People in Dubai – Lubna Khalid Ali Qasimi

The Emirati Politician and member of the ruling family of Sharjah, Lubna Khalid Ali Qasimi is one of the most powerful women in the world. Previously, she has served as the Minister of State for Tolerance, Minister of Economics and Planning of the United Arab Emirates, and Minister of State for International Cooperation. Lubna Khalid Ali Qasimi is the first woman ever to serve as a minister in the United Arab Emirates.

She has graduated from the California State University, Chico with a bachelor’s in Computer Science. She completed her Executive MBA from the American University of Sharjah.

In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular woman in the world. She won the ITP Best Personal Achievement Award in 2000. Moreover, she was honored as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013.

Bernard Arnault

Name Bernard Arnault

Position Chairman – LVMH and Christian Dior SE

Net Worth $192 billion

Bernard Arnault

Bernard Jean Étienne Arnault, the French Billionaire businessman, investor and art collector, is the chief executive and chairman of LVMB Moët Hennessy – Louis Vuitton SE which is the largest luxury goods company around the world.

Bernard Arnault is counted among the top billionaires in the UAE. According to Forbes, Bernard Arnault is the wealthiest man in the world. His estimated net worth is around US$192 billion.

Conclusion

Dubai is one of the most popular cities in the world and one of the major cities of the United Arab Emirates (UAE). The city has one of the highest percentages of people with top-notch wealth. Most of the billionaires of Dubai are listed as the top billionaires of the world. Dubai is the largest city in the UAE which is known as the hub of business and culture. Dubai is the home to tons of famous and rich, wealthy people in the world.

Dubai is a very busy port thronging with billionaires. Businessmen and women from different professions like information technology, real estate, retail, and healthcare are paying a visit now and then to Dubai. Here is Pavel Durov, founder of Telegram, 2025, who stood with a net worth of $15.5 billion. Wealth is derailed and sways with market changes. The durability of the structure good location and friendliness combined are the ones that made this city never parched for high network people.

FAQs

Who is the richest person in Dubai?

Dubai billionaires own some of the most luxurious properties and businesses in the world. Pavel Durov is the richest man in the UAE and the youngest self-made billionaire in the region in 2021. He was named the richest UAE resident in 2021 by Forbes magazine with a wealth of $17.2 billion.

Who is the richest woman in Dubai?

Huda Kattan is known as the richest woman in Dubai. She is an American makeup artist, beauty blogger, and entrepreneur and is also the founder of the cosmetics line Huda Beauty.

Who is Dubai’s richest kid?

Rashid Belhassa is the richest kid in Dubai.

Who are the top 10 richest people in Dubai?

Here are the top 10 richest people in Dubai:
- Sunny Varkey
- Micket Jagtiani
- M.A Yusuff Ali
- Modhammed Khalaf Al Habtoo
- Saif Al Ghurair
- B.R Shetty
- Shamsheer Vayalil
- Saket Burman
- Philip Day
- Divyan Turakhia
What are the best businesses in Dubai for Indians?

Some of the best businesses in Dubai for Indians are associated with:
- E-Commerce
- Healthcare
- Construction
- Beauty
- Travel and Tourism
- Real Estate Agency
- Handyman Business
- Consultancy Service
Is Dubai the richest city in the world?

Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world.
February 26, 2025

Name	Pavel Durov
Position	Founder of Telegram
Net Worth	$17.1 billion

Name	Sheikh Mohammed bin Rashid Al Maktoum
Position	UAE vice president and prime minister
Net Worth	$18 billion

Name	Sunil Vaswani
Position	Chairman of Stallion Group
Net Worth	$1.6 billion

Name	M. A. Yusuff Ali
Position	Chairman of Lulu Group International
Net Worth	$5.8 billion

Name	Joy Alukkas
Position	Chairman Joyalukkas Group
Net Worth	$4.4 billion

Name	Hussain Sajwani
Position	Founder DAMAC Properties
Net Worth	$5.1 billion

Name	Abdulla bin Ahmad Al-Ghurair
Position	Founder of Mashreqbank
Net Worth	$3.9 billion

Name	Sunny Varkey
Position	Founder and executive chairman of GEMS Education
Net Worth	$3.8 billion

Name	Feroz Allana
Position	Founder of the Allana Group
Net Worth	$4.3 billion

Name	Ravi Pillai
Position	Founder and chairman of RP Group
Net Worth	$4.3 billion

Name	Abdulla Al Futtaim
Position	Founder of Al-Futtaim Group
Net Worth	$2.6 billion

Name	Shamsheer Vayalil Parambath
Position	Founder and chairman of Burjeel Holdings
Net Worth	$2.1 billion

Name	Raghuvinder Kataria
Position	Chairperson of Kataria Holdings
Net worth	$ 2.1 billion

Name	Saket Burman
Position	Vice-chairman of Dabur
Net worth	$ 1.4 billion

Name	Philip Day
Position	Chairman – Edinburgh Woollen Mill
Net worth	$ 1.2 billion

Name	Divyank Turakhia
Position	Co-founder of Directi
Net worth	$ 1.8 billion

Name	Mohammed Khalaf Al Habtoor
Position	Chairman and CEO of Al Habtoor Group
Net worth	$ 1.5 billion

Name	Abdullah Al Naboodah
Position	Chairman of the Saied and Mohammed Al Naboodah Group
Net worth	$ 1.5 billion

Name	Abdullah Al Naboodah
Position	Chairman of the Saied and Mohammed Al Naboodah Group
Net worth	$ 1.5 billion

Name	Azad Moopen
Position	Founder of Aster DM Healthcare
Net worth	$ 1.1 billion

Name	Micky Jagtiani
Position	Chairman of Landmark Group
Net Worth	$3 billion

Name	Saif Al Ghurair
Position	Al Ghurair Group
Net Worth	$1.7 billion

Name	B.R Shetty
Position	Chairman, NMC Health and Finablr
Net Worth	$3.15 billion

Name	Vinod Shantilal Shah Adani
Position	Chairman of Adani Group
Net Worth	$8.9 billion

Name	Majid Al Futtaim
Position	Chairman, Majid Al Futtaim Holding (MAF)
Net Worth	$6.1 billion

Name	Abdullah bin Ahmad Al Ghurair
Position	Chairman, Mashreqbank
Net Worth	$4.9 billion

Name	Thaksin Shinawatra
Position	Founder, Advanced Info Services and Shin Corporation
Net Worth	$1.8 billion

Name	Abdullah Al Futtaim
Position	Al-Futtaim Group
Net Worth	$2.1 billion

Name	Lubna Khalid Ali Qasimi
Position	Leader, Emirati Party and Member of Sharjah
Net Worth	$1-5 billion

Name	Bernard Arnault
Position	Chairman – LVMH and Christian Dior SE
Net Worth	$192 billion

Gautam Adani: Success Story of the Founder & Chairman of Adani Group!

Gautam Adani, one of the world’s richest individuals and the founder of the Adani Group, has built a vast business empire across sectors like energy, infrastructure, and media. However, his journey has faced significant challenges, including allegations of corporate fraud, a massive stock market crash, and a recent US indictment accusing him of involvement in a $265 million bribery scheme.

Adani and his wife, Priti Adani, run the Adani Foundation as philanthropists. His philanthropic organization is headed by his wife, of which he is the President.

According to media reports, Gautam Adani’s net worth in November 2024 is projected to be around $69.8 billion. According to Forbes, he is the world’s 22nd richest person and India’s second-richest person behind Mukesh Ambani.

In this StartupTalky story, let us learn about Gautam Adani’s success story, personal life, life story, journey to success, education, Adani Group, philanthropy, and more.

Gautam Adani Biography

Name	Gautam Shantilal Adani
Born	24 June, 1962
Birthplace	Ahmedabad, Gujarat, India
Nationality	Indian
Education	Gujarat University
Profession	Entrepreneur
Position	Founder & chairman, Adani Group
Net worth	$69.8 billion (November 2024)
Father	Shantilal
Mother	Shanti Adani
Brother	Vinod Adani
Spouse	Priti Adani
Children	Karan Adani

Gautam Adani – Personal Life
Gautam Adani – Education
Gautam Adani – Professional Life
Gautam Adani – Adani Group
Gautam Adani – Adani Enterprise Limited
Gautam Adani – Adani Ports & SEZ Limited
Gautam Adani – Adani Power Limited
Gautam Adani – Adani Transmission
Gautam Adani – Adani Green Energy
Gautam Adani – Controversies
Gautam Adani – Philanthropist
Gautam Adani – Help During Covid Crisis

Gautam Adani – Personal Life

Gautam was born in Ahmedabad, Gujarat, to a Jain family. Shantilal, his father, was a textile entrepreneur. He, along with seven of his brothers, mother, and father, lived in the northern part of Gujarat.

He and Priti Adani have a son, Karan Adani, who is the CEO of Adani Ports & SEZ Limited. His wife, a dentist, is the Managing Trustee of the Adani Foundation. Gautam was previously nobbled and released without accruing the money in 1998. He managed to avoid the 2008 Taj Hotel Mumbai attacks by hiding in the basement.

From an early age, he was driven and determined. As a teenager, he dropped out of school due to his lack of interest in academics. He went on to Gujarat University after that but did not finish his degree. He had no intention of entering his father’s textile company, despite his interest in the business.

Gautam Adani – Education

He graduated from Ahmedabad’s Sheth Chimanlal Nagindas Vidyalaya school with a bachelor’s degree. He then went on to Gujarat University to obtain a bachelor’s degree in commerce. However, after completing his second year of college, he dropped out.

Gautam Adani – Professional Life

Gautam was fascinated by entrepreneurship, but not his father’s textile company. He began working at a very young age. When he was 18, his entrepreneurial energy led him to leave Ahmedabad and relocate to Mumbai. The young man was eager to make it big despite having very little money. He worked at Mahendra Brothers in 1978 as a diamond sorter. He opened his own diamond brokerage company in Mumbai’s Zaveri Bazaar after working there for 2-3 years.

His company prospered, and by the age of 20, he had amassed a million-dollar fortune. His elder brother had recently purchased a plastic plant in Ahmedabad and asked Gautam Adani to assist him in its operation. Adani moved back to Ahmedabad and began working with his brother. Gautam expanded his empire into global trade by importing polyvinyl chloride. In 1985, he started commodity trading by importing Polyvinyl Chloride (PVC), a main raw material for plastic manufacturing, and traveled to South Korea to make a deal.

Gautam Adani – Timeline of Business ventures

Gautam Adani – Adani Group

Gautam Adani founded the Adani Group in 1988 and serves as its Chairman. The company is based in Ahmedabad, Gujarat, India. It is a commodity trading business with the flagship of Adani Exports Limited. The diverse business of the Group includes energy, resources, logistics, real estate, financial services, agribusiness, defense, and aerospace.

He has a 32.90% stake in Adani Ports & SEZ Limited, a 36.86% stake in Adani Power, a 50.29% stake in Adani Enterprises, and a 75% stake in Adani Transmission Limited. The Group holds an annual revenue of about INR 3.09 lakh crore (US$37 billion) for 2024, operating in 50 countries across 70 locations.

Adani Logo

Gautam Adani – Adani Enterprise Limited

Gautam established Adani Exports Limited in 1988, which has since evolved into Adani Enterprises Limited, the Adani Group’s holding company. Initially, the firm dealt with agricultural and power commodities.

In 1991, he began trading metals, textiles, and agro-products in order to expand his company. The shift in trade came as a result of the start of economic liberalization policies, and it proved lucrative for the group. Adani was able to quickly grow his company due to a favorable market climate.

Gautam Adani – Adani Ports & SEZ Limited

In October 1998, the business opened its doors at the Mundra Port. In February 2001, the group was given the right to operate and expand the Mundra Port, which is located on the Navinal Island in the Kutch area, for 30 years through a Concession Agreement with the Gujarat Government and the Gujarat Maritime Board. Mundra Port surpassed JNPT in August 2020 to become India’s largest container port.

Currently, the company is the largest private multi-port operator in the world. The port has a cargo capacity of 210 million tonnes per year, making it India’s largest private-sector port.

Karan Adani, the Chief Executive Officer of APSEZ, is in charge of the venture. Port management, logistics, and the special economic zone are among the company’s activities. Mundra, Dahej, and Hazira in Gujarat; Dhamra in Odisha; Kattupalli in Tamil Nadu; and Vizhinjam in Kerala are the ports where the business runs.

Gautam Adani – Adani Power Limited

Gautam created Adani Power Limited, another Adani Group portal, in 1996. With a capacity of 4620 Mega Watt, Adani Power is the country’s largest private thermal power plant operator. He bought Abbot Point Port in Australia and Carmichael Coal in Queensland between 2009 and 2012.

It is a privately owned thermal power plant with a capacity of 12,450 megawatts (MW). It also runs a 40-megawatt solar plant in Naliya, Bitta, Kutch, Gujarat. Jharkhand is home to Adani Power, which is building a 1,600 MW plant. The governments of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab have signed long-term power purchase agreements with the company totaling 9,153 MW.

Adani Power made a cumulative profit of INR 634.64 Crore in the 4th quarter, which ended on March 31, 2019. The company posted a consolidated net loss of INR 653.25 Crore in the previous financial year.

The business has received several honors and accolades. At IPPAI’s 18th Regulators & Policymakers Retreat in 2017, it was awarded ‘the Most Innovative Young Power Professional’. In Singapore, CSR Works International rewarded the firm for best sustainability reporting in Asia, with the support of the British Chamber of Commerce and the Canadian High Commission.

Gautam Adani – Adani Transmission

Adani Transmission Limited, headquartered in Ahmedabad, India, is a power transmission company. It is currently one of the largest private-sector power transmission companies in India. The company operates a total network of 12,200 circuit kilometers as of July 2020, with more than 3,200 circuit kilometers under construction at various points.

Gautam Adani created Adani Transmission in December 2015 after separating his ten-year-old transmission company from Adani Enterprises. The company became the primary custodian for over 3800 circuit kilometers of transmission lines originating from the Mundra Thermal Power Station, linking Mundra–Dehgam, Mundra–Mohindergarh, and Tirora–Warora, at the time of its establishment.

Gautam Adani – Adani Green Energy

Adani Green Energy Limited was formed on January 23, 2015, under the Companies Act 2013. AGEL and Inox Wind collaborated to construct a 20 MW wind power project in Lahori, Madhya Pradesh, during the company’s early days. AGEL also purchased Inox Wind’s 50 MW wind energy project in Kutch’s Dayapar village. The project was conceived by the latter after it won capacity bids for wind power projects linked to the National Grid from the Solar Energy Corporation of India.

With a total project portfolio of 13,990 MW, Adani Green Energy Limited (AGEL) is one of India’s largest renewable energy companies. AGEL is part of the Adani Group’s promise to give India a richer, safer, and more environmentally friendly future.

The Company creates, installs, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects, all of which are driven by the Group’s philosophy of “Growth with Goodness.” The electricity produced is distributed to federal and state government agencies, as well as government-backed businesses.

Gautam Adani – Controversies

Gautam Adani was charged in New York for his involvement in an alleged bribery and fraud scheme worth billions of dollars, according to US prosecutors on November 20, 2024.
Adani, who leads a large business empire in sectors like coal, airports, cement, and media, has faced serious allegations of corporate fraud and a major stock crash in recent years.
In 2023, Adani’s businesses lost $150 billion in market value after a report by short-seller Hindenburg Research accused the group of major corporate fraud. The report claimed that Adani Group had been involved in stock manipulation and accounting fraud for many years.

Gautam Adani – Philanthropist

Gautam is the president of the Adani Foundation, which he established in 1996. The Adani Group funds the organization, which is active in Maharashtra, Himachal Pradesh, Chhattisgarh, Rajasthan, and Odisha.

The Adani Foundation, which is run by the Adani Group, is active in a lot of philanthropic work. In addition to Gujarat, the foundation works in several states, investing in education, sustainable economic resources, and expanding rural development, among other things. Priti Adani runs the Adani Vidya Mandir in Ahmedabad, a school that accepts only children whose parents earn less than INR 1 lakh per year.

The foundation has a special program to assist fishermen, and it offers financial assistance to 500 fishermen from the coastal taluka for the purchase of fishing equipment. The children of the fishermen are given educational opportunities.

In the year 2012, Adani Foundation Group partnered with IndiaSkills, vocational education joint venture, and City & Guilds, one of the best brands of work-related evaluation and qualifications, to open a skills training site in Gujarat that would offer courses in commerce, hospitality, defence, renovation, and engineering.

Gautam Adani – Help During Covid Crisis

Gautam Adani also donated INR. 100 Crore to the Prime Minister CARES FUND through the Adani Group’s portal to combat the Coronavirus crisis. He made a donation of INR 5 Crore to the Gujarat Chief Minister’s Relief Fund and INR 1 Crore to the Maharashtra Chief Minister’s Relief Fund.

Thank you @IndianEmbRiyadh. Indeed, actions speak louder than words. We are on an urgent mission to secure oxygen supplies from across the world. This first shipment of 4 ISO cryogenic tanks with 80 tons of liquid oxygen is now on its way from Dammam to Mundra. (1/3) https://t.co/BLZ0SbQ499 pic.twitter.com/lFKnx0hIhX

— Gautam Adani (@gautam_adani) April 24, 2021

Four ISO cryogenic tanks loaded with 80 metric tonnes of liquid medical oxygen were imported from Dammam, Saudi Arabia, to Mundra, Gujarat, by Gautam Adani’s diversified conglomerate Adani group. Linde Saudi Arabia has agreed to provide the community with 5,000 medical-grade oxygen cylinders. Adani said on Twitter that his company provides 1,500 cylinders of medical oxygen per day to wherever they are required in Gujarat’s Kutch.

Conclusion

Adani’s knack for business can be seen in all of his endeavors. He has his hands in almost every industry imaginable and has become the very best in them be it logistics or real estate. He had his mind set on being an entrepreneur from a very young age – in his actual teenage years at a time when it wasn’t regarded as being cool. And he came from a very ordinary family and carved himself a very extraordinary life indeed. There’s a lot to learn from his business moves!

FAQs

Who is Gautam Adani?

Gautam Adani is an Indian businessman and philanthropist who founded the Adani Group, a multinational conglomerate specializing in port development and operations in India.

What is the net worth of Gautam Adani?

Gautam Adani’s net worth is estimated at $69.8 billion as of November 2024.

When was the Adani Group founded?

Adani established the Adani Group in 1988, which is headquartered in Ahmedabad, India.

What is Gautam Adani education?

Gautam Adani was educated at Sheth Chimanlal Nagindas Vidyalaya School in Ahmedabad. He then enrolled for a bachelor’s degree in Commerce at Gujarat University. However, Adani dropped out after the second year because he was interested in doing business there in his father’s textile business.

How many Gautam Adani founded organizations are there?

Adani Group consists of 10 publicly listed entities.

November 22, 2024

Why Do Rich People Buy Expensive Art?
In 2021, the global art market value was $65.1 billion. Art possesses the ability to motivate us, enhance our environment and life, and enable us to perceive things from other’s perspectives. It’s been typical for those with money and prestige to spend millions on it since the Revolution and even before that.

Often we hear paintings getting sold for thousands of dollars or so at the auction these days, it makes you wonder what inspires someone to pay a fortune for artwork.

Important Motivations Among Art Buyers Worldwide as of January 2022

Let’s look at these 14 reasons why wealthy individuals prefer expensive paintings.

Tax Avoidance
Prestige
Investment
Diversifying your portfolio
An aspect of your lifestyle
A secure place for funds
To enrich their environment
To boost imagination
To brag about it
Quality
To boost the rent
To set up Art Galleries
Cultural pride
Money laundering

Tax Avoidance

In several countries, including the United States, tax regulations favor you if you purchase expensive art frequently. For example, if you sell an artwork and deposit funds in a bank, you are ought to incur capital gains tax on it, however, if you invest in another artwork with the same funds, you’ll escape paying taxes.

Prestige

An artefact that looks perfect, and which was also made by a world-famous artist, is unique, and in certain scenarios is a well-known creation, will offer the bidder quite the thrill once the hammer drops at auction. A strong feeling when we see something we’ve wanted for years, the same feeling will indeed be amplified if it’s a Monet, Van Gogh, or Hearst.

Investment

Most individuals buy stuff as they intend to invest in it. Some people buy houses to reside there. Some of them think of it as a long-term investment, an asset providing them with monthly earnings while also increasing in value over time. Art, too, is a strategic idea to invest in.

Owning modern art for €400 today might be worth €600,000 in 10 years. In about 10% of situations, indeed, fine art has consistently fetched increasingly better returns over the last 50 years.

One can be sure that when they get their hands on a Leonardo da Vinci, it will smash records. In 2017, his painting Salvador Mundi sold for a record-breaking $450 million. This is why it’s an insanely important aspect of why the rich buy art.

Leonardo Vinci’s Salvator Mundi

Diversifying your portfolio

Because art is indeed going to increase in value if it already has a significant value and is somewhat risky, you may consider investing in some art to diversify your holdings, particularly if you’ve got a large, highly high-value portfolio or want to make art a small component of it.

The main principle, regardless of the worth of your investments, is to have variety. If you have a few high-risk stocks and a large number of safe stocks or you’re extremely wealthy, have billions in shares, bonds, and real estate, and would like to invest more in something risky but thrilling? Investing in artwork seems logical at this point.

An aspect of your lifestyle

Previously, the wealthy went shopping for fashion, fancy cars, or yachts; but, times have changed. Art has become a must-have thing for the rich. Nothing beats being an art lover if you’re glamorous and want people to appreciate it. It’s not only about possessing it; it’s more about being seen at auctions and exhibitions.

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A secure place for funds

While art is typically a high-risk asset, it has several unique advantages.
- Art market rate fluctuations are different from share market price swings, implying that they could be used to hedge against a recession or crisis.
- People purchase art during times of risks and uncertainties and profiting, such as during WWII. Today in nations with unstable economies and currencies that are subject to depreciation, the wealthy frequently invest in art as a means of diversifying their risks.
To enrich their environment

Almost everyone wants their homes and offices to appear attractive and feel better in them, and regardless of whether us being wealthy or not, we design them to make the time we spend there more enjoyable. Rich people whether it’s their multimillion-dollar homes or the workplaces of the businesses they manage, they’ll do the same for it.

To boost imagination

It’s no surprise some of the world’s top talented artists invest in art, and owning beautiful art on your walls will surely spark your imagination. Some celebs who possess art are incredibly innovative, and this isn’t limited to those who work in that industry. Startups and corporate leaders can be inspired by art as well. Perhaps it’s because artists are creative and bold, traits that entrepreneurs like and appreciate when they see a wonderful piece of artwork.

To brag about it

Investing intelligently in the equity market or in a prosperous firm you manage, demonstrates your financial acumen. You may be flaunting by purchasing a fancy home, a yacht, or a Ferrari, but it is also something essential that you will utilize.

Even if it’s a solid investment, purchasing a work of art worth $1 million demonstrates exceptional choice, however, there’s something indulgent about it since it’s something you wouldn’t need but desire. When you’re wealthy, you’re more inclined to want to flaunt it, and art is a perfect way to do so.

Quality

Usually, the rich purchase fancy clothing because they value quality over cost. You can own a masterpiece lasting hundreds of years and even be bequeathed to your children. The caliber of art gives you the feeling that you’re purchasing something valuable that will outlast your legacy.

Although kids who inherit valuable artwork seem to be keener on selling them than preserving them. This isn’t surprising, since parents and children often have different preferences, and the urge to sell the art mom and dad used to adore for a six-figure price might be impossible to deny for certain individuals.

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To boost the rent

If you possess a luxury condo that you rent to super-rich with taste, hanging some pricey artwork is one approach to boost the rent prices. Not only that, but it also raises the property’s worth. In some ultra-exclusive groups, art is anticipated to cost the same as a typical home, and a modest picture of Van Gogh’s starry night is believed to not cost about the same as a conventional house.

To set up Art Galleries

The wealthy all across the world enjoy buying art and displaying it in exhibits where they discovered it, often with their signatures on it. In some circumstances, where self-interest is a prominent factor, there are very specific advantages to establishing art galleries. When the hella rich in China open an art gallery, it’s usually because it’s a tried-and-true method of obtaining approval for real estate deals.

Cultural pride

Over the last 20 years, the quantity of pricey masterpieces from China and Africa specifically has increased dramatically, notably among purchasers from such countries, implying that when you are wealthy, it is natural to want to acquire fine art that makes you proud of where you came from and demonstrates your love of your culture.

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Money laundering

We’ve now arrived at the truly evil aspect of the art business, namely, money laundering for organized crime. The wealthy people who earned a fortune through illegitimate ways would suppress their sources of wealth from the regulators, and expensive art deals are the optimal method to do so.

Now we know why pricing is very subjective, and even specialists have difficulty in determining value. Inflating the worth of a piece is simply based on what you want it to be.

Deals are frequently made behind closed doors and discreetly. Although current laws on how art sales are done have indeed been strengthened, it’s logical to conclude that money laundering remains a major factor in global art purchases.

Conclusion

Even if they don’t know much about art, most people choose to have it because of their love or have some sentiment attached to it. They consider it as an investment as it helps them to diversify their portfolio. And lastly, they do want others to appreciate it if they have paid a high price for that artwork.

FAQs

Why do rich people buy paintings?

Rich people buy paintings to diversify their portfolios, design their homes or avoid tax.

What is the most expensive painting ever sold?

Salvator Mundi by Leonardo Da Vinci is the most expensive painting priced at $450 million.

Is art used for money laundering?

Yes, many wealthy people who earned a fortune through illegitimate ways often launder money through art.
December 15, 2022
List of the World’s Richest People in the World 2022

People have gained notoriety by accomplishing something that inspires amazement in the rest of the world. From the creation of the world’s first microcomputer through the establishment of a space research agency dedicated to the launch of numerous ships.

From political decisions to social and economic transformations, billionaires play a critical role in influencing the world. We’ve compiled a list of the world’s top 20 billionaires, who have risen to the top through extraordinary achievements.

Elon Musk
Jeff Bezos
Bernard Arnault
Bill Gates
Larry Page
Warren Buffett
Sergey Brin
Steve Ballmer
Larry Ellison
Mukesh Ambani
Gautam Adani
Mark Zuckerberg
Francoise Bettencourt Meyers
Changpeng Zhao
Zhong Shanshan
Carlos Slim
Jim Walton
Amancio Ortega
Rob Walton
Charles Koch

Elon Musk

Net Worth- $235 billion

Industry- Technology

Country- United States

Elon Musk

As we all know, from being the founder of SpaceX to becoming the CEO of Tesla and also owns many titles such as the founder of Neuralink, OpenAI, and The Boring Company. Elon Musk is a force to be reckoned with in the world of technology, which ultimately made him the world’s richest person as of now with a net worth of $235 Billion.

Elon Musk began his career in 1995 when he and his brother Kimbal Musk founded Zip2, a web software company that did not succeed and went out of business in 1999.

Elon Musk founded X.com, an online financial services platform that merged with PayPal, with Musk owning 11.7 per cent of the company’s stock.

Musk’s life took a turn in 2001 when he started SpaceX with the goal of decreasing space transportation costs. SpaceX deployed roughly 34 satellites in 2021 and plans to launch 52 more by 2022.

After that, in 2004, Elon Musk became Chairman of Tesla by investing a majority stake in the company with the intention of producing electric vehicles. When questioned about his development of Tesla-electric cars, he refused to give up and backed up his assertion that electric cars are both efficient and conventional, resulting in Tesla scoring the largest market in the automobile business by 2021.

Jeff Bezos

Net Worth- $181 billion

Industry- Technology

Country- United States

Jeff Bezos

Almost half of the population has made a purchase from Amazon, the world’s largest online marketplace, which sells everything from A to Z and was founded by Jeff Bezos. Bezos founded Amazon in 1994 as an online bookshop, subsequently expanding to other consumer goods.

During the 2000s, he experienced financial ups and downs, and in 2016, the firm raised approximately $671 million, which is the greatest sum ever raised in Amazon shares. According to Forbes, Jeff Bezos surpassed Bill Gates as the world’s wealthiest person in 2017.

Moreover, Bezos is the founder and CEO of The Washington Post, an American newspaper publishing firm, and Blue Origin, aerospace, and spaceflight manufacturing company, in addition to being the founder and CEO of Amazon. With a net worth of $181 billion as of February 2022, Jeff Bezos is the second richest person on the planet.

Bernard Arnault

Net Worth- $161 billion

Industry- Consumer

Country- France

Bernard Arnault

When we think of “global fashion,” the first words that come to mind are Paris or LVMH Moët Hennessy Louis Vuitton. Bernard Arnault founded Louis Vuitton, the world’s most recognizable luxury goods fashion brand, in 1987. Initially, Arnault and his managerial partner, Antoine Bernheim, invested together in Boussac Saint-Frères, a subsidiary of Christian Dior.

In 1987, Bernard was encouraged to invest via Joint Venture with Guinness PLC by former LVMH chairman Henri Racamier. Bernard later founded the world’s largest duty-free chain in the 1990s, which included Sephora, Loewe, Celine, Berluti, Christain Lacroix, and other well-known fashion labels.

Bernard also extended his business in the 2000s by acquiring premium labels such as La Samaritaine, Fendi, Bulgari, and Tiffany & Co. Bernard has earned the title of “Europe’s wealthiest person,” with a net worth of approximately $161 billion.

Bill Gates

Net Worth- $128 billion

Industry- Technology

Country- United States

Bill Gates

With the exception of 2010, 2011, 2012, and 2013, the world-famous billionaire, investor, author, philanthropist, and co-founder of Microsoft has appeared on the list of the world’s wealthiest people every year since 1987.

Bill Gates was a key figure in the microcomputer revolution in the 1970s and 1980s. Gates enrolled in his first software program when he was very young, and he was particularly interested in programming the General Electric system in BASIC.

In 1970, four students were grouped -Bill Gates, Paul Allen, Kent Evans, and Ric Wieland & created the ‘Lakeside Programming’ club to make money. In 1975, Gates founded ‘Microsoft’ with his friend Paul, and produced the first-of-its-kind programming language BASIC for the Altair 8800 ‘Microcomputer,’ an early personal computer.

Following the merger with IBM, Gates released the first retail version of Microsoft Windows in 1985, making him the richest person on the planet with $128 billion in February 2022.

Larry Page

Net Worth- $121 billion

Industry- Technology

Country- United States

Larry Page

He is the co-founder of Google and a computer scientist and Internet entrepreneur from the United States. In 1998, Page and his friend Sergey Brin teamed up to create the domain name ‘Google.’

With one billion URLs at the time, Google became the most searched web in 2000. After hiring Sundar Pichai into the Google team as CEO and Eric Emerson Schmidt in 2011, he withdrew from Google.

Larry Page also founded Google’s parent firm, Alphabet, the world’s largest search engine operator, from which he stepped down in 2019 but remained a board director. Larry Page’s net worth is predicted to be 121 billion dollars, putting him in fifth place on the list of the world’s wealthiest individuals as of February 2022.

Warren Buffett

Net Worth- $115 billion

Industry- Technology

Country- Diversified

Warren Buffett became the richest man in the world as a result of his partnerships with major corporations such as Apple Inc., Coca-Cola, Bank of America, Kraft Heinz, BYD, DaVita, and others. He is recognized as the ‘Oracle of Omaha,’ as a successful investor in both the twentieth and twenty-first centuries.

Buffett’s primary investment was a large interest in the textile producer Berkshire Hathaway Inc. in 1965, which proved to be a huge shot in his career. He is currently holding the sixth richest person in the world as per Bloomberg Billionaires Index, worth 115 billion dollars.

Sergey Brin

Net Worth- $116 billion

Industry- Technology

Country- United States

Sergey Brin

As I stated above, Sergey Brin, a Google partner as well as the co-founder, assisted Larry Page in the development of the world’s first online search engine internet- Google. Brin followed Page’s lead and stepped down as CEO of Google and Alphabet.

Brin was a Stanford student when he met Page and developed the PageRank Algorithm, which led to the creation of Google, a California-based firm founded in 1998. Sergey Brin is the 7th most powerful person on the list of the world’s richest people, with a fortune of $115 billion, as of February 2022.

Steve Ballmer

Net Worth- $108 billion

Industry- Technology

Country- United States

Steve Ballmer

He is a businessman and investor from the United States who served as the CEO of Microsoft for 14 years, from 2000 to 2014. Bill Gates hired Steve Ballmer as his first business manager in June 1980, offering him 5 to 10% of the company’s stock.

After antitrust litigation against competing corporations, Steve Ballmer was given the post of CEO of Microsoft in 2000. Steve was interested in sports and had planned to invest in the Seattle SuperSonics, but instead moved to Oklahoma City and began playing for them. Ballmer invested approximately $650 million after Chris R. Hansen proposed bringing the Seattle SuperSonics back.

Later that year, there was an auction for the Los Angeles Clippers, in which Steve Ballmer was the biggest bidder in sports history, winning $2 billion. In February 2022, Steve Ballmer’s net worth was estimated to be $108 billion.

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Larry Ellison

Net Worth- $98.8 billion

Industry- Technology

Country- United States

Larry Elison

Oracle Corporation, a Texas-based firm founded by Larry Ellison in 1977, is the world’s second-largest software company. Larry and Bob Miner worked at Ampex Corporations on a similar version of Edgar Ted Codd’s remarkable work on IBM’s ‘rational database,’ which led to the establishment of Oracle Corp. The ‘Structured Query Language (SQL)’ was Oracle’s initial database application, and it immediately became popular.

The program’s first customer was the United States Air Force, who employed it at Wright-Patterson Air Force Base. In 2021, he became an exclusive member of Oracle Corporation after purchasing 40% of the company’s stock. He is also the world’s ninth richest person with the asset 97.7 billion dollars, according to the Bloomberg Billionaires Index for February 2022.

Mukesh Ambani

Net Worth- $91.1 billion

Industry- Energy

Country- India

Mukesh Ambani

For long-standing, Ambani is the first richest Asian in the world according to the Bloomberg Index. He is the owner of Reliance industries limited, which is considered the most valuable brand on the Fortune Global 500 list. Ambani took his late father Dhirubhai Ambani’s steps in developing RIL and its expansion in the field of petrochemicals, natural gas, mass media, textiles, and telecommunications.

Reliance Industries Ltd. is the largest retailer in India and held the title of India’s richest person on Forbes list for the past 10 years. In 2018, Ambani became the richest Asian over Jack Ma– CEO of Alibaba Group with 44.3 billion dollars as net worth. As of now, Mukesh Ambani’s net worth is $91 Billion.

Gautam Adani

Net Worth- $85.2 billion

Industry- Industrial

Country- India

Gautam Adani

Gautam Adani is an Indian industrialist and philanthropist worth billions of dollars. He is the creator and chairman of the Adani Group, a transnational firm founded in Ahmedabad that works in port advancement and projects in India. Adani also administers as the president of the Adani Foundation, which is governed by his wife, Priti Adani.

Adani was born on June 24, 1962, in Ahmedabad, Gujarat, to Shantilal and Shanti Adani and has 7 siblings. His father worked for a modest textile company. Adani was interested in business, but not in his father’s textile company. In 1978, Adani began his work as a diamond sorter for Mahendra Brothers, and in 1981, he took over as the manager of his brother’s plastics project.

He began importing primary polymers for small-scale manufacturers in 1985, and by the early 1990s, he had expanded his firm to include metals, textiles, and agricultural items.

Adani joined the power generation business in 2006. Adani won the world’s largest solar bid, worth $6 billion, from the Solar Energy Corporation of India in May 2020. Adani purchased a 74% share in Mumbai International Airport, India’s next busiest airport, in September 2020. And after continuously accomplishing his enterprise, he ultimately came to be Asia’s richest person in February 2022.

Mark Zuckerberg

Net Worth- $83.6 billion

Industry- Technology

Country- United States

Mark Zuckerberg

One of the most extensively utilised social media networks is Facebook. Mark Zuckerberg is the co-founder of Facebook as well as the chairman of Meta, the business that owns Facebook. Zuckerberg was born on 14 May 1984 in White Plains, New York, United States. Zuckerberg was studying at Harvard University. In February 2004, Zuckerberg and his Harvard University roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes created Facebook from their dorm room.

Initially limited to a few college campuses, the site quickly grew in popularity and finally surpassed one billion users by 2012. In May 2012, Zuckerberg took the firm public with a controlling stake. He came to be the world’s youngest self-made billionaire at the age of 23 in 2007.

Since 2008, Time magazine has labelled Zuckerberg as one of the world’s 100 most influential people as part of its Person of the Year award, which he won in 2010.

Zuckerberg was positioned 10th on Forbes’ list of the World’s Most Powerful People in December 2016. According to the Forbes Real-Time Billionaires Index, Zuckerberg’s net worth was $83.6 billion on February 4, 2022, and his net worth went low by $29.7 billion due to a drop in Meta Platforms shares, which caused the social media giant to lose roughly a fourth of its market price.

Francoise Bettencourt Meyers

Net Worth- $81.2 billion

Industry- Consumer

Country- France

Francoise Bettencourt Meyers

We read about many wealthy guys in the previous sections, and now it’s time to meet Francoise Bettencourt Meyers, the world’s wealthiest woman. Françoise Bettencourt Meyers is a rich inheritor from France. She was born in Neuilly-sur-Seine, France, on July 10, 1953. L’Oreal was founded by her grandfather, Eugène Schueller.

Bettencourt Meyers’ net worth was over $39.5 billion in 2017, putting her among the top 20 wealthiest persons on the planet. Even though Francoise Bettencourt Meyers had a 33% interest in L’Oreal, Françoise devotes her time to writing novels.

The heiress is a writer who has written books on everything from Greek mythology to the Bible. She was raised Catholic and is academic. She even co-founded the Bettencourt Schueller Foundation with her mother in 1987 to assist scientific, artistic, and humanitarian studies.

According to the aforementioned Vanity Fair profile, she favoured playing the piano or reading books even as a child. According to the Bloomberg Billionaires Index, she was the world’s richest woman in January 2022, with a net worth of $81.2 billion.

Successful Women Entrepreneurs In India [2022 Updated List]

Read about the most successful women entrepreneurs in India who are redefining the startup ecosystem. Here is a list of Successful Businesswomen.

StartupTalkyAshwini

Changpeng Zhao

Net Worth- $79.1 billion

Industry- Finance

Country- Canada

Changpeng Zhao

Binance is one of the world’s major cryptocurrency exchanges and it was created by Changpeng Zhao, also known as CZ. He is the founder and CEO of Binance. Changpeng Zhao was born in Jiangsu, China, on September 10, 1977. He was raised in Canada, where he completed his education.

CZ began working when he was a teenager in order to assist his parents. In the 1980s, he worked at McDonald’s. He later studied Computer Science at McGill University. He was also interested in stock markets and trading, which influenced his decision to pursue this profession. Zhao worked as the chief technology officer of OKCoin and was a part of the Blockchain.info development team.

As of January 23, 2022, his net worth was computed to be $96 billion, propelling him the wealthiest person in Canada and he has earned the 14th stance in the chart of richest persons on the planet, according to Bloomberg Billionaires Index.

Zhong Shanshan

Net Worth- $75.8 billion

Industry- Diversified

Country- China

Zhong Shanshan

Zhong Shanshan is a rich Chinese businessman. He is the majority owner of Beijing Wantai Biological Pharmacy Enterprise and the creator and chairman of the Nongfu Spring beverage firm.

Zhong was born in the Chinese city of Hangzhou in 1954. In 1977, he began his career as a journalist at the Zhejiang Daily and then moved into the business world. After relocating to Hainan, he worked as a sales representative for the Wahaha beverage company, where he marketed healthcare supplements.

Zhong established a bottled water firm in Hangzhou in 1996, named Nongfu Spring. His company grew prosperous as a result of his hard effort. He was the sixth wealthiest person in the world in 2021, with a net worth of 95 billion dollars, but he plummeted after suffering a significant loss. He owned 84.4 per cent of Nongfu Spring and was the company’s chairperson as of January 2021.

Carlos Slim

Net Worth- $69.5 billion

Industry- Diversified

Country- Mexico

Carlos Slim

Carlos Slim Hel is a philanthropist, investor, and telecommunications billionaire from Mexico. Slim was born in Mexico City on January 28, 1940. He had an interest in business since he was a child.

He began investing in government savings bonds when he was 11 years old, and at the age of 12, he bought shares in a Mexican bank, eventually becoming the largest shareholder in the country. In civil engineering, he received his diploma.

Education, health care, industrial manufacturing, transportation, real estate, media, energy, hospitality, entertainment, high-tech, retail, sports, and financial services are among the industries represented in his alliance.

His net worth is equal to around 6% of Mexico’s gross domestic product, and he controls 40% of the Mexican Stock Exchange’s listings. He is the richest person in Latin America. With a net worth of $69.5 billion as of January 2022, Bloomberg Billionaires Index rated him as the world’s 16th richest person.

Jim Walton

Net Worth- $61.5 billion

Industry- Retail

Country- United States

Jim Walton

James Carr Walton, an American businessman and the heir to Walmart’s riches, is the world’s biggest merchandiser. Jim Walton was born in the Arkansas town of Newport, in the county of Jackson. Walton earned a bachelor’s degree in Business Administration in Marketing from the University of Arkansas in Fayetteville, Arkansas, in 1971, after graduating from Bentonville High School in 1965.

He joined Walmart in 1972 and worked in the company’s real estate division. In 1975, he became president of Walton Enterprises, a family business, after serving for four years. He was CEO of his family’s Arvest Bank before becoming Chairman of Arvest Bank and Chairman of Jim Walton’s newspaper company, Community Publishers Inc. (CPI). Walton was noted to possess more than 152 million Walmart stakes worth more than $11 billion in September 2016.

According to the Bloomberg Billionaires Index, Walton was the seventeenth richest person on the planet in January 2022, with a net worth of US$61.5 billion.

Amancio Ortega

Net Worth- $60.5 billion

Industry- Retail

Country- Spain

Amancio Ortega Gaona is a Spanish billionaire businessman. He is the founder and former chairman of Inditex fashion group, best known for its chain of Zara clothing and accessories shops. He was born on 28 March 1936 in Busdongo de Arbas, Spain. At the age of 14, he relocated to A Coruna. He worked for Gala, a local shirtmaker, while he was a teenager.

He started Confecciones Goa in 1972 to offer quilted bathrobes. With his wife Rosala Mera, he launched the first Zara store in 1975. Ortega declared his impending retirement from Inditex, the parent company of the Zara clothing retailer, in 2011. Ortega has a net worth of $60.5 billion making him the world’s 19th wealthiest person.

Rob Walton

Net Worth- $61.1 billion

Industry- Retail

Country- United States

Samuel Robson Walton, the world’s richest man, is the heir to Walmart’s fortune. Rob Walton was born in Tulsa, Oklahoma, on October 28, 1944. Walton studied at The College of Wooster and earned a bachelor’s degree in business administration from the University of Arkansas in 1966. In 1969, he graduated from Columbia Law School with a Juris doctorate.

Walton joined the firm as a member after graduating. He was the senior vice president of Walmart in 1978 and was promoted to vice chairman in 1982. From 1992 through 2015, he was the chairman of Walmart.

Charles Koch

Net Worth- $59.2 billion

Industry- Industrial

Country- United States

Charles de Ganahl Koch, a rich businessman from the United States, inherited from his father. He was born in Wichita, Kansas, on November 1, 1935. He attended a private school and received his education at the Massachusetts Institute of Technology. He earned a bachelor’s degree in general engineering, a master’s degree in nuclear engineering, and a second master’s degree in chemical engineering.

Koch began working at Arthur D. Little, Inc. after graduating from college. Along with his brothers, he inherited his father’s business. He is a co-founder of the Cato Institute in Washington, D.C. On the Bloomberg Billionaires Index, he was listed as the world’s 21st richest person in January 2022, with a net worth of $59.2 billion.

Conclusion

The above-compiled list of billionaires consists of billionaires from different industries who made big in their industry. There are billionaires who gained their billionaire status by starting their own space company and some by diversifying their portfolio and smartly investing in stocks. The industry that produced the most billionaires is technology. So, if you want to know who will be the next new billionaire, keep a close watch on this industry.

FAQ

Who is the No 1 richest person in the world?

As of Feb 2022, Elon Musk is the richest person in the world with a net worth of $224 billion.

Who is the richest person in India?

Mukesh Ambani is the richest person in India with a net worth of Rs 7.18 lakh crore.

Which country has the most billionaires?

The United States has the most number of billionaires with 724 billionaires in the country.

February 16, 2022
Top 5 Richest Self-Made Startup Founders in India
The global economy has always been positively impacted by the introduction of startup companies, which has paved the way for the growing importance of their establishment among different countries.

This has made the governments of the respective countries come forward to encourage their growth and rapid development, along with apt regulation. This startup growth has been witnessed across different sectors of the industry in India, which is at par with the rest of the world. India is one of the leading countries in terms of its startups. The government of India recognized 14,000 new startups in 2021 and 44 of them have also joined the coveted club of unicorns. The funding that is pouring in India today had never been seen earlier. Along with helping the companies turn unicorns and steering them forward to the next level, this funding is also helping the Indian entrepreneurs grow like never before.

Here are some of the successful richest founders in India.

Byju Raveendran (and family)
Nithin Kamath and Nikhil Kamath
Divyank Turakhia
Nakul Aggarwal
Ritesh Arora

Byju Raveendran (and family)

Byju Raveendran

Byju Raveendran is the Founder and CEO of one of the most prominent EdTech startups in India Byju’s. The veteran Indian entrepreneur was born in 1981 at Azhikode, Kerala. He did his schooling from a Malayalam medium school, where his mother “Shobhanavalli” and father “Raveendran” were mathematics and physics teachers respectively. After schooling, he pursued B. Tech from the Government College of Engineering, Kannur.

Then after completing his graduation in the year 2003, he started working as a service engineer at a reputed MNC. After two years, he quit his job and started helping people prepare for the CAT examination. In 2007, he commenced the test preparation business “Byju’s classes” which was a success. This motivated him, thereby leading him to launch his startup Byju’s alongside his wife in 2011.

With the rapid growth of the smartphone industry in India, he launched what we know today as “Byju’s – The learning app”. Within three years, the app got success at both national as well as international levels, as the app expanded its operation to English-speaking countries, such as the United Kingdom, the United States, etc.

Byju’s app adheres to a freemium operation model, primarily aimed at preparing Indian students aspiring to clear examinations such as CAT, IAS, IIT-JEE, NEET, etc. It also helps to provide teaching assistance and facilities to the students of classes 3-12.

The company overall gained so much success that it even bagged the recognition of being the shirt sponsor of the Indian cricket team, as announced in July 2019, replacing Oppo, who were the earlier sponsors. The deal allows Byju’s name to be printed on the team’s jerseys between September 5, 2019 – March 31, 2022. With over 100 million users and 6.5 million paid subscribers, along with a net worth of approximately 16.5 billion dollars, Byju’s is ranked among the top 5 national internet companies.

Net worth

The combined wealth of Byju Raveendran and his family (brother Riju Raveendran and spouse, Divya Gokulnath) stood at $3.22 bn (Rs 24300 crore), as per IIFL Wealth Hurun India Rich List 2021. The personal net worth of Byju Raveendran was last reported to be $1.7 bn in 2020. His company, Byju’s is also a market leader in terms of valuation. With a valuation of $21 bn, the Raveendran-led edtech company is the second most valued startup in India and the most valued edtech startup in the world, as per December 2021 reports.

Thus, from his journey, we can learn that the passion for learning and imparting education o others, coupled with an overarching plan in place, one can achieve anything and everything in life.

Awards and recognitions
- Awarded the Manorama News Newsmaker Award in the year 2019.
- Fortune Magazine 2020 ‘40 under 40’.
- Finalist of the Ernst and Young 2020 Entrepreneur of the Year.
- Winner of the Business Transformation Award in 2020 by Ernst and Young.
- Winner of the Entrepreneur of the Year award at the Forbes India Leadership Award (FILA) 2021.
Nithin Kamath and Nikhil Kamath

Nithin and Nikhil Kamath

Nithin Kamath created Zerodha, a brokerage firm with an open and low-cost business approach, in 2010. Zerodha, presently led by both Kamath brothers, Nithin and Nikhil, is the country’s largest brokerage, with over 5.48 million active clients.

After reports in recent months that approximately Rs 80,000 crore of Indians’ money sits unreported in various banking and Demat accounts, Nithin stated in September that Zerodha would be introducing an ‘alert tool’ to its platform to notify beneficiaries when an account becomes inactive.

Nithin and Nikhil had been trading right from their teenage years. The kids of a veena teacher and the manager of Canara Bank grew up in Bengaluru’s Basavanagudi, which is known for its lively traders. Nithin confesses that “greed” drew him into trading in the first place.

They’d joined Reliance Money and Way2Wealth as sub-brokers, respectively. Kamath Associates, a firm that handles money for others, was founded because of its trading prowess. The trading brothers had a sneaking suspicion that the firm was about to be disrupted. “When the jobs accomplished per transaction are the same, why should fees be dependent on transaction value?” had been a problem Nithin frequently pondered.

Nithin was aware of the industry’s lack of transparency. The number of securities financial transactions tax or brokerage imposed by brokers was sometimes unclear to clients.

Despite the pandemic, Zerodha had its biggest year ever, with 1.5 million new users. Nikhil started his fund, True Beacon, for high-net-worth clients in 2019. It is still modest, with a corpus of Rs 380 crores, but it has gained an amazing 35 percent during the last 14 months.

For the time being, the Kamath brothers are concentrating on what they do best: providing the best trading experience and a risk-free alternative to investors. There is also no stock study and no sales targets for any of the employees, which leads to misselling. They’ve introduced Varsity by Zerodha, which includes market tutorials. And the primary broking service continues to be unadvertised.

Varsity by Zerodha

Nithin, the company’s CEO, makes product choices and oversees the production, while Nikhil, the company’s CIO, manages risk and deals on their account. They’ve invested in various firms in the investment field and given money to climate change solutions, thereby channeling their brokerage earnings for a good cause.

Net worth

They are the biggest Indian entrepreneurs under the age of 40, according to the IIFL Wealth Hurun India ’40 and Under Self-Made Rich List’ 2020, with Rs 24,000 crore. SEBI recently authorized them to establish an asset management firm.

Awards and recognitions
- The Confederation of Indian Industry bestowed upon them the Emerging Entrepreneur Award (CII).
- In its annual business review, The Economic Times recognized Kamath as among the 10 Indian entrepreneurs to follow in 2016 who have the most impact in their industries.
- Forbes Finance in India in 2016 listed them in their 30 Under 30 list.
- According to the CII’s CEO, “use technology to manufacture affordable things”.
- Economic Times included them in “10 Businessmen to Watch in 2016”.
Divyank Turakhia

Divyank Turakhia

Divyank Turakhia is distinguished as an Indian-born serial entrepreneur, businessman, computer programmer, self-made billionaire, and investor. Turakhia is ranked #1 in the IIFL Wealth Hurun India Rich List 2021. Media.net is the company that Divyank founded back in 2010, which went on to become recognized among the top 5 largest online advertising businesses globally. After scaling media.net to a promising level, Divyank is also credited for selling it to Miteno Communication Technology (Shuzhi.AI) in an all-cash deal in 2016 for $900M. This is also famous as the third-largest acquisition transaction in the online advertising industry worldwide.

Turakhia began programming at the tender age of 9 years, while he started internet consulting for major companies including large corporates when he was just 14 years of age, in 1996. He then decided to borrow $600 from his father and after two years, he co-founded a web hosting and domain registration business. This venture was again quite a success for Turakhia and was eventually purchased by NASDAQ:EIGI in 2014 for $160M. Turakhia studied at Arya Vidya Mandir in Bandra, Mumbai and was later a student of Narsee Monjee College of Commerce and Economics (University of Mumbai), from where he graduated.

Div or Divyank, as he is commonly referred to, reached the milestone of acquiring his $1 million at 18, attained the milestone of possessing $100 million at 23, and then leaped to cross the 1 billion dollar mark in 2016, when he was 34. A serial entrepreneur, Divyank has been Co-founder of Directi, Founder and CEO of Skenzo, Founder and CEO of Media.net, Founder and CIO of numerous global investment funds. Div stepped down from the position of CEO of media.net in October 2018 and is currently planning to spend some time running his global investment funds.

Net worth

Divyank Turakhia’s net worth has been listed at Rs 12, 500 crores by Hurun India in its IIFL Wealth Hurun India rich list 2021. He was featured as the youngest billionaire on the Forbes List of Richest Indians worldwide in 2018.

Awards and recognitions
- Economic Times awards the ET Panache Trendsetter Award in 2016.
- Ranked #2 in the IIFL Wealth and Hurun India 40 & Under Self-Made Rich List in 2020
- Recognized as the Youngest Indian Billionaire successively in 2016, 2017, and 2018.
- Bloomberg Television in 2010 conferred upon the title “Winning Warrior”
- BusinessWeek Magazine listed Divyank Turakhia among Asia’s Best Entrepreneurs Under 25 in 2006
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StartupTalkyPratyusha Srivastava

Nakul Aggarwal

Nakul Aggarwal

Nakul Aggarwal is popularly identified as the Co-founder and CTO of BrowserStack. Nakul is an alumnus of the IIT Bombay. Started with Lime Spot Technology India Pvt. Ltd., where he served the role of a Software Developer, he left the job after 2 years. In the meanwhile, he had already started QuarkBase.com as the co-founder. Aggarwal then switched to Lime Labs LLC as the Senior Software Engineer but left the same after stepping down from the co-founder position of QuarkBase.com. Nakul eventually took up the role of managing Development & Infrastructure at Downcase Consulting and while he was working with the company, he founded BrowserStack in 2011. Aggarwal then left Downcase Consulting.

Net worth

Nakul Aggarwal was ranked at the second position in Hurun Rich List 2021 with a total wealth of Rs 12, 400 crore.

Awards and recognitions
- Nakul Aggarwal is currently ranked #2 by the Hurun Research Institute in the IIFL Wealth Hurun India Rich List 2021.
Top 5 Female-Founded Fashion Brands in India in 2021

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StartupTalkyMahenoor Mansuri

Ritesh Arora

Ritesh Arora

Ritesh Arora is known as the Co-founder and CEO of BrowserStack. Ritesh co-founded BrowserStack in 2011, which is currently hailed as the world’s leading software testing platform. The vision was mainly to simplify testing for millions of developers globally. BrowserStack scaled far and wide and currently boasts of 50,000+ global customers, along with being backed by marquee investors like Accel, BOND, and Insight Partners. The Ritesh and Nakul-led company was recently valued at $4 billion.

BrowserStack provides instant access to over 3,000 real mobile devices and browsers on its cloud platform and delivers quality software at speed. It currently aids leading companies like Microsoft, Twitter, Wells Fargo, Discovery, and Expedia.

Ritesh Arora has graduated from IIT Bombay with Computer Science and is a serial entrepreneur who has started multiple companies after completing his graduation.

Ritesh is known as an angel investor and currently mentors many technology startups in India. Arora started as a Software Developer at Lime Labs and then founded QuarkBase.com and Downcase.com, but he no longer holds the role in the companies. Ritesh Arora finally founded BrowserStack, where he still is a Co-founder and CEO.

Net worth

Ritesh has a net worth of Rs 12,400 crore, as listed recently in the IIFL Weal Hurun India Rich List 2021.

Awards and recognitions

His company BrowserStack has won numerous industry accolades like:
- It has been named to Forbes 2021 Cloud 100.
- LinkedIn ranked BrowserStack at #1 in its Top 25 India Startups list.
- The company was hailed as the Bootstrap Champ by Economic Times.
List of Top 7 Youngest Self-made Billionaires in India

India is a country of youngest and successful entrepurnes. So, here we have rounded up some of the India’s youngest self-made richest entrepreneurs.

StartupTalkyAbinaya Arangarajan

Conclusion

With the increase in the support and assistance from the Indian government to the startups, the young and budding Indian entrepreneurs must keep these role models as their benchmarks of success. The early initiatives of these listed people got them to where they are now. The startup founders are the embodiment of creativity and innovation. Thus, their journey offers some valuable insights, following which the entrepreneurs can push their initiatives towards glory.

FAQ

Who are the richest entrepreneurs in India?

Byju Raveendran and Family, Nithin and Nikhil Kamath, Divyank Turakhia, Nakul Aggarwal, Ritesh Arora are the richest entrepreneurs in India, as of February 2022.

How much do startup founders make in India?

The average salary of a startup founder is between Rs 15 lakhs to Rs 80 Lakhs depending on the experience.

Who is the youngest CEO in India?

Suhas Gopinath is the youngest CEO in India. He took charge of the CEO of Globals Inc. at the age of 17.
February 8, 2022
How Elon Musk Became the Richest Man in the World
The Tesla and SpaceX chief, entrepreneur Elon Musk has become the world’s richest person, with his net worth crossing $200 bn, following a surging Tesla stock, as of September 27, 2021. Musk becomes the third person in the world to have ever crossed the 200 billion dollar mark.

Amazon founder Jeff Bezos, who was the first to reach the impossible $200 billion worth of valuation in August 2020, had suffered a decline in his fortunes by $1 billion and is no longer the richest man in the world. Bernard Arnault, Chairman and Chief Executive of LVMH was the next person in the world to achieve the same. Musk eclipsed them both to be worth $203.4 billion at the close of the markets on 27th September, Monday. Tesla’s shares were trading high for four months now, which went up by 2.2% at $791.36, the highest that the shares have traded since February 2021.

Elon Musk

Musk’s huge personal fortune comes mostly from owning 22.4% of Tesla and 54% of the space transportation company SpaceX. Musk’s net worth has grown over $200 billion – possibly one of the fastest instances of wealth creation in history. Amazon’s share price has witnessed a 0.6% decline on the same day, which catapulted the position of Elon Musk.

About Elon Musk
How Elon Musk Became the Richest during the Pandemic?
Past Works of Elon Musk
Companies Founded by Elon Musk
Future Plan of Elon Musk

About Elon Musk

Early Life and Family

Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. His mother is Maye Musk, a model and dietitian born in Saskatchewan, Canada, but raised in South Africa. His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and property developer. He has a younger brother who was an early business partner of his, Kimbal (born 1972), and a younger sister, Tosca (born 1974), the CEO of the video streaming site Passionflix. During his childhood, Musk was an avid reader.

At the age of 10, he developed an interest in computing while using the Commodore VIC-20. He learned computer programming using a manual and, by the age of 12, sold the code of a BASIC-based video game he created called Blastar to PC and Office Technology magazine for approximately $500.

Education

Musk attended the University of Pretoria for five months. Once in Canada, Musk entered Queen’s University in 1989, avoiding mandatory service in the South African military. He left in 1992 to study economics and physics at the University of Pennsylvania; he graduated in 1997 with a Bachelor of Science (BS) degree in economics from the Wharton School and a Bachelor of Arts (BA) degree in physics from the College of Arts and Sciences.

In 1994, Musk held two internships in Silicon Valley during the summer: at an energy storage start-up called Pinnacle Research Institute and at the Palo Alto-based start-up Rocket Science Games. In 1995, Musk was accepted to a Ph.D. program in energy physics/materials science at Stanford University in California. He ended up dropping out of Stanford after two days, deciding instead to join the Internet boom and launch an internet startup instead.

Elon Musk has been reading a lot of books from his childhood. He grew up reading a couple of books in a day. He still reads a lot. Elon provide quite a lot of wisdom in his interviews or through his quotes. This is where he supposedly learned so much about entrepreneurship, science and life in general.

How Elon Musk Became the Richest during the Pandemic?

The title of world’s richest person an extraordinary run for Musk and Tesla, even during a pandemic. At 10:54 ET, Tesla Inc’s shares were up 5.65% or 42.75 points at $798.73. A 7.9% rally in the electric carmaker’s share price on Thursday boosted Musk past Amazon.com Inc founder Jeff Bezos. Musk has said he has little interest in material things and has few assets outside his stakes in Tesla and SpaceX. Musk also passed Bill Gates earlier in November 2020 to become the second-richest person in the world. Increased rally in Tesla’s share price, which surged 743% last year with consistent profits, inclusion in the S&P 500 Index, and enthusiasm from Wall Street and retail investors alike.

World Richest Person

Tesla produced just over half-a-million cars last year, a fraction of the output of Ford Motor Co. and General Motors Co. Musk will have to show within the next five years that Tesla can make more profits than just about the whole of the rest of the motor industry combined to justify the valuation.

“I want to be able to contribute as much as possible to the city on Mars,” Musk said. “That means just a lot of capital.”

Elon Musk: Space X | Tesla Motors – Biography

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StartupTalkyPiyush Mishra

Past Works of Elon Musk

The Tesla CEO saw his wealth grow in 2020 by more than $150 billion, in large part because Musk owns a lot of Tesla stock — about 20% of the company. Musk pulled the company out of the so-called “production hell” and dramatically increased sales of its electric vehicles.

The billionaire CEO’s stock stash continues to grow, especially after he signed a major 10-year compensation package with the company in 2018 that further tied his earnings to Tesla’s stock price and revenue goals.

Musk was criticized for repeated attempts to keep Tesla’s plant open and then for bringing workers back onto the line as covid-19 raged, and cases were even reported inside Tesla’s facilities. Tesla’s stock appeared to have bottomed as well as concerns about Musk’s leadership. By 2019 Tesla faced concerns over demand, mounting losses, and a shortage of cash — and its stock dropped to a near-term low around June 2019. Analysts warned the stock could be valued too highly as Tesla took the title of the world’s most valuable automotive company.

Musk‘s success hasn’t been limited to earth. In May he oversaw the successful launch of a pair of NASA astronauts into space with his other company, the aerospace outfit SpaceX. It was a landmark achievement for the company that aimed to show rockets could be deployed and reused, demonstrating the viability of a new era of space travel with the ultimate goal of flying humans to Mars.

Musk made his fortune early on with PayPal, which he co-founded and whose sale to eBay led him to pocket $165 million. He invested in Tesla in 2004, a year after its founding, and maintains around a 20% stake in the company.

Musk founded SpaceX two decades ago, setting his sights on Mars and aiming to disrupt an industry deeply entrenched in the government with a private venture focused on human spaceflight. Musk’s wealth stood at $37 billion in 2020. That means Musk added at least $148 billion more to his fortune over a year. The growth in Musk’s portfolio over a year is more than the entire net worth of the world’s third-richest person, Bill Gates, according to Bloomberg’s figures: $132 billion.

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Companies Founded by Elon Musk

Zip2

In 1995, Musk and his brother Kimbal along with Greg Kouri started Zip2, a web software company, with money raised from a small group of angel investors. Zip2 allowed for two-way communication between users and advertisers. Users could message advertisers and have that message forwarded to their fax machine. One Zip2 product was called “Auto Guide“. AutoGuide connected online newspaper users with the local dealership or private party car sellers.

X.com and PayPal

In March 1999, Musk co-founded X.com, online financial services, and e-mail payment company, with US$10 million from the sale of Zip2. One year later, the company merged with Confinity, which had a money-transfer service called PayPal. The merged company focused on the PayPal service and was renamed PayPal in 2001.

What is Cybertruck and its specifications

Tesla is known for creating next generation motor vehicles, thanks to the visionof Elon Musk. Musk is known for being optimistic regarding his products and thenew name of the list is the super truck by Tesla “Cybertruck”. Cybertruck is an upcoming all-electric battery-powered light commercialv…

StartupTalkyVidhi Punamiya

SpaceX

Space Exploration Technologies Corp. (SpaceX) is an American aerospace manufacturer and space transportation services company. It was founded in 2002 by Elon Musk to reduce space transportation costs to enable the colonization of Mars. SpaceX has developed several launch vehicles, as well as the Dragon cargo spacecraft and the Starlink satellite constellation (providing internet access), and has flown humans to the International Space Station on the SpaceX Dragon 2.

Tesla

Tesla, Inc. (formerly Tesla Motors, Inc.) is an American electric vehicle and clean energy company. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla ranked as the world’s best-selling plug-in and battery electric passenger car manufacturer in 2019, with a market share of 17% of the plug-in segment and 23% of the battery-electric segment. Tesla’s global vehicle sales were 499,550 units in 2020, a 35.8% increase over the previous year. In 2020, the company surpassed the 1 million mark of electric cars produced.

SolarCity

SolarCity Corporation is a subsidiary of Tesla, Inc. that develops and sells solar panels and solar roof tiles. By 2013, SolarCity was the second largest provider of solar power systems in the United States. In 2012, Musk announced that SolarCity and Tesla would collaborate to use electric vehicle batteries to smooth the impact of rooftop solar on the power grid.

Hyperloop

On August 12, 2013, Musk unveiled a concept for a high-speed transportation system incorporating reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by linear induction motors and air compressors. Hyperloop One, a company unaffiliated with Musk, announced in July 2017 that it had its first successful test run on its DevLoop track in Nevada, which had lasted 5.3 seconds and reached a top speed of 70 mph.

The Boring Company

In December 2016, Musk founded The Boring Company after growing frustrated with traffic in Los Angeles and the limitations of 2-D transportation networks. The startup aims to create subterranean tunnels that allow pedestrians, freight, utilities, or autonomous electric vehicles to circumvent traffic on surface roads to more directly get from A to B. The Boring Company has also made news by selling 20,000 flamethrowers to consumers, which made the company $10 million in revenue.

Neuralink

In 2016, Musk co-founded Neuralink, a neurotechnology start-up company to integrate the human brain with artificial intelligence. The company is centered on creating devices that can be implanted in the human brain, with the eventual purpose of helping human beings merge with software and keep pace with advancements in artificial intelligence. These enhancements could improve memory or allow more direct interfacing with computing devices. The company wants the devices to give people the ability to communicate via text or speech synthesis, surf the web, or to express their creativity through photography, art, or writing apps.

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OpenAI

OpenAI is an artificial intelligence research laboratory co-founded by Musk in December 2015. OpenAI is seeking to build a machine with human intelligence while prioritizing transparency and safety. The tool, dubbed “the API,” allows businesses to directly access OpenAI’s powerful general-purpose text generation AI, which has been trained on trillions of words from the internet.

Future Plan of Elon Musk
- Musk tweeted in January that the goal of his Starship transportation system to Mars will be to launch each of SpaceX’s reusable Starship rockets about three times per day, on average, while carrying a 100-ton payload on each flight.
- Musk might narrowly complete a Tesla Gigafactory in China around 2020, which would begin EV production by 2021. The plans to build a manufacturing plant in China goes hand-in-hand with the country’s efforts to have more EVs on the roads by 2030. Together with a Gigafactory, Tesla also plans to put up 1,000 superchargers in China.
- Musk plans to send a SpaceX rocket to Mars, with cargo only, by 2022, according to the SpaceX website.
- A second mission, which would take more cargo and crew, is targeted for 2024. Musk has also said he’ll send a million people to Mars by 2050.
- Musk talks about his evolutionary plans for a 3D Network of underground tunnels to alleviate traffic congestion. “Traffic affects people all over the world and it takes away so much of your life,” he explains.
Underground Tunnel
- All transportation, except for rockets, will be powered by electricity.
- The Boring Company, Musk’s tunneling venture, aims to reduce the costs of tunnel construction.
- In February 2018, Musk said SpaceX no longer had plans to certify that rocket for human spaceflight and it would use its Big Falcon Rocket for tourism instead. The trip is now scheduled to come as soon as 2023.
- Humans will have brain-computer interfaces as soon as 2025.
September 30, 2021
America’s Top Billionaires to pay Billions under Ultra-Millionaire Tax

Ultra-Millionaire Tax is a wealth tax that is introduced for the richest people in the U.S.A. It is a new bill that is introduced by Senator Elizabeth Warren of Massachusetts. She has been proposing to introduce this for a long time.

Senator Elizabeth Warren introduced the Ultra-Millionaire tax with Representative Brendan Boyle of Pennsylvania And Representative Pramila Jayapal of Washington. The main aim of the new bill is to fight for wealth inequality in the country.

The wealth tax would force the American households whose income is more than $50 million to pay taxes.

Lets dive deeper to understand what is this tax all about

Who is this Tax for
Evasion Methods
Reasons for this Tax
Amount Owed by the Rich
FAQ

Who is this Tax for

The American households whose net worth is in-between $50 million and $1 billion will have to pay a 2% wealth tax. For example, if the household is earning $50 million then they will have to pay $100,000 in the form of wealth tax.

The American households whose net worth is more than $1 billion will have to pay a 3% wealth tax. For example, if the household is earning $2 billion, then it will have to pay $60 million in the form of wealth tax.

The households earning below $50 million will not come under the tax bracket. 0.05% of the American households will come under the proposed tax bracket according to a press release.

Evasion Methods

The Ultra-millionaire tax has anti-escape measures been taken under consideration. The country will invest an amount of $100 billion to strengthen the IRS (Internal Revenue Service) who is responsible for collecting the taxes. There will be a minimum of 30% audit rate for the taxpayers who are responsible for paying the wealth tax.

If the U.S citizens who have an income of more than $50 million would want to leave the country or move their assets and citizenship to another country, then they would have to pay an exit tax of 40%. There would be penalties implements for underpayment of the wealth tax.

Top Richest Americans

Reasons for the new Ultra-Millionaire Tax

The main reason for the implementation of the new bill is to reduce the wealth inequality in-between the American Households in the country.

Let’s take an example – consider two people A and B. A’s father is a millionaire with an income worth $50 million, pieces of jewelry, collectibles, and yachts. A earns an income of $50,000 and B comes under the American household who earns an income of $100,000. B’s income is also $50,000.

But even though A has a lot of assets and income generated in his family he will have to pay the same amount of tax that B is paying. Increasing the income tax would affect B more than that of A and that is why the wealth tax is implemented.

Wealth tax is calculated based on the entire income of the family and not just an individual.

According to an analysis conducted by economists Emmanuel Saez and Gabriel Zucman from the University of California-Berkley, The American wealth of the richest that is 0.1% of the population has seen their income triple from 7% to 20% in the years 1970-2016 and the rest of the 99.9% has seen a decline in their share of wealth from 35% to 25% in the years 1970-2016.

The richest families of America are 13,000, they have the same amount of wealth as the rest of the 117 million families in the country. According to their study, they’ve found that the top 0.1% pays around 3.2% of their income as taxes while the bottom 99.9% pays around 7% of their income as taxes.

Amount Owed by the Richest for Ultra-Millionaire Tax

According to the Tax rates which is proposed by Elizabeth Warren, Amazon’s Jeff Bezos will have to pay $5.7 billion as a wealth tax for the year 2020. Jeff Bezos would still have $185 billion in net worth after paying the tax.

Tesla’s Elon Musk will have to pay $ 4.6 Billion as a wealth tax for 2020. Elon Musk would still have $148 billion in net worth after paying the tax.

Microsoft’s Bill Gates will have to pay $ 3.6 billion as wealth tax for 2020 and Facebook’s Mark Zuckerberg will have to pay $3 billion as wealth tax for 2020.

According to a survey conducted by CNBC on Millionaires, it was seen that around 60% of the millionaires support the wealth tax proposed by Elizabeth Warren.

FAQ

How many billionaires are there in India?

There are 177 billionaires in India as of 2020.

Who is the richest billionaire in India?

Mukesh Ambani is the richest billionaire in India.

Who is richest woman in India?

Roshni Nadar Malhotra with a wealth of ₹54,850 crore is the richest woman in India.

Conclusion

According to Elizabeth Warren, the implemented wealth tax would raise around $3 Trillion in 10 years. It is said that the tax would raise around 1% of America’s GDP in a year. The revenue would help in paying for child care, developing the educational infrastructure, developing nursing home cares, tuition-free public colleges and schools, and promoting clean energy in the country.

Elizabeth Warren has said that implementing the wealth tax will help in raising money for President Joe Biden’s agenda ‘#BuildBackBetter’ which includes policies like expanding the caregiving economy.

March 11, 2021
Entrepreneurial Quotes And Life Hacks Of Elon Musk
Elon Reeve Musk is a technology enthusiastic entrepreneur, using his sharp and clever mind in technological investment, and engineering. Elon Musk is trying to save the world by recreating and innovating every industry he has come across with, be it media and finance to transportation and energy.

He is the Founder, CEO, CTO and Lead Designer of SpaceX and also the product architect of Tesla Inc. He also has other ventures and has a net worth of $171.6 Billion and is the third richest person in the world right now. Musk is one of the most admired people, especially for his creative and innovative skills.

Life Lessons by Elon Musk
Top Entrepreneurial Quotes by Elon Musk
Some small tips from Elon Musk’s speeches at various university
Elon Musk’s work formula

Life Lessons by Elon Musk

Elon Musk

1. Hardwork is the key to success

Work harder than the average people. Don’t work 100, but 150 percent, which will give you the edge over all the people. Hard work always pays and working hard more than the other humans, will be always beneficial.

2. Work with smarter guys

“Show me your friends and I’ll show you your future.” This quote works well while hiring people. If you hire one smart guy instead of 3 normal guys. In that case, one guy working for 1 hour is better than two guys working 6 hours and also saves man-power. It is a mistake to hire huge numbers of people to get a complicated job done. As number will never compensate for talent, getting the right answer will tend to slow down progress, and will make the task incredibly expensive. The personality of a person also matters along with the talent the person has and these two traits go hand in hand.

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3. Professionalism in business

Don’t always be nice to people. In business, be as direct as possible. Give higher priority to goals than money. Have a higher goal in life rather than focusing on making money. The money will be the outcome of the higher goals. Know as many details as you can know of your work, to be an expert in your field.

4. Believe on your decisions

If something is important enough and there are odds against it, against you, you still have to pursue it. Persistence is very important. You should not give up, unless you are forced by your mind to give up.

5. Clear vision

If one has a vision and is continuously working on the idea, then Nothing is impossible. Life is too short for long-term grudges. Know what motivates you. Keeping your eye on the ball is key. The key to success and to fulfill your dreams is having clear vision.

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6. Listen to your instincts

Follow your guts. Listening to one’s instincts is natural to everyone but we usually tend to curb down our natural thoughts owing to external response and stimuli. Don’t do it. Follow what your inner mind says and block out all the external thoughts. It is never too late to find out what one loves and pursue it as a dream.

7. Learn from your failure

Learn from your failures and keep going. Learn from your mistakes. See what went wrong and what is stopping you from getting the desired results. Work on it and keep moving. Everyone follows the heard, try to break-free of the heard and challenge the norms. The one who breaks the mediocrity are the ones who become successful in life and everyone follows them. Don’t be afraid of new arenas. Always consider failure as an option and keep hustling.

8. Be like water

Always have a adaptive nature and be comfortable with the change. No one knows what challenges might come in future. Successful people knows how to adapt to any situation and they continue pushing themselves to reach their goals. No matter what comes in the way, embrace it, and try to solve the problem instead of complaining about it.

9. Improve the Product, not the marketing

The bigger a company gets, the more it spends on marketing, and in some cases, their marketing budgets surpass the budget of any other aspect of their business. This means that you are investing more in improving promotion than in improving the quality of your product. Focus on improving the product. The word-of-mouth will do the marketing for you.

10. Work consistently

Consistency is the key. It’s matters a lot and takes time. In order to be consistent, you have to maintain positive behavior and perform day after day, until you get what you desire. If you get what you desire, then celebrate for a while. The prizes are not an excuse to take rest. There’s nothing wrong with taking some time to celebrate and enjoy your successes. But yeah, don’t celebrate too much and get derailed from your goal.

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Top Entrepreneurial Quotes by Elon Musk

“You get paid in direct proportion to the difficulty of problems you solve”

“Failure is an option here. If things are not failing, you are not innovating enough.”

“Persistence is very important. You should not give up unless you are forced to give up.”

“I don’t think it’s a good idea to plan to sell a company.”

“People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.”

“Starting and growing a business is as much about the innovation, drive, and determination of the people behind it as the product they sell.”

“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.”

“You have to say, ‘Well, why did it succeed where others did not?’”

“As much as possible, avoid hiring MBAs. MBA programs don’t teach people how to create companies.”

“Don’t delude yourself into thinking something’s working when it’s not, or you’re gonna get fixated on a bad solution.”

“I say something, and then it usually happens. Maybe not on schedule, but it usually happens.”

“If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.”

“I don’t spend my time pontificating about high-concept things; I spend my time solving engineering and manufacturing problems.”

“People should pursue what they’re passionate about. That will make them happier than pretty much anything else.”

“Failure is an option here. If things are not failing, you are not innovating enough.”

“Being an entrepreneur is like eating glass and staring into the abyss of death.”

“Really pay attention to negative feedback and solicit it, particularly from friends. … Hardly anyone does that, and it’s incredibly helpful.”

“You want to have a future where you’re expecting things to be better, not one where you’re expecting things to be worse.”

“Brand is just a perception, and perception will match reality over time.”

Some small tips from Elon Musk’s speeches at various university
- Work super hard.
- Attract great people.
- Focus on the things that actually make a difference.
- Don’t just follow the trend.
- Take risks.
- Focus on signal vs noise.
- Work with the best possible people.
- Work hard, and work very smart.
Elon Musk’s work formula

1. Practice managing cortisol

The second aspect of this is that when you are with friends, your body gets a rush of serotonin whereas when you are at work, your body gets a rush of cortisol. To adapt biologically to achieve anything that has to do with ~ 16 hours of work per day, one has to embrace a very good response about cortisol rush.

2. Look to the solution

No matter what the situation is, you have to look at the situation from the point of view of an problem, and deriving an solution. And this is a hard but possible way to do it.

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3. Calibrate each task

Learn to get more efficient at embracing stress. To do this, “calibrate each task”. Think about a simple situation: You head out of your home to catch a flight, and you are stuck in traffic. Your stress level increases very quickly. If you were to calibrate this and say – no matter what the traffic conditions are, no matter what the weather is – the journey to the airport from my home takes ~ 35 mins. Then if you take ~ 55 minutes in hands and travel accordingly you cannot be stressed out.

4. Do not stress

Most efficient people do not stress about a problem. They just identify it quickly, plan a good solution, and work on the solution. Their stress level remains low enough, and therefore they are able to make this a habit.

Rules of success of Elon Musk

5. Do not let others get stressed out

When one person in the team panics, many others panic. It is very important to keep a very cool temperament when stressful situations arise. If a soccer team coordinates well, while keeping a cool temperament, they can win a match with one fewer player. But if one player demoralizes the whole team, they can never win a match.
March 5, 2021