Ritesh Agarwal Net Worth 2023, check out OYO founder details here!
Entrepreneurs are a significant boost to a country’s economy and development. They are even considered celebs and icons. OYO – for sure, everyone must have listened to its name or stayed at this famous hotel. But do you know who the famous personality is behind the foundation of this venture?
Well, let me tell you here. It’s Ritesh Agarwal, one of the inspirational entrepreneurs and the second-youngest billionaire. Wanna know more about this youth icon? If yes, then without any further ado, let’s read on.
About Ritesh Agarwal
Ritesh Agarwal is the youngest second billionaire in 2023 and won the prestigious Business World Young Entrepreneur Award. He is a hard worker and a great learner who established a world-renowned venture, OYO. He has become the youth icon and inspiration to many young entrepreneurs and business people.
Early Life And Family
Ritesh Agarwal was born in Bissam Cuttack, Odisha, in India. However, he grew up in Titlagarh and owned a small shop in South Orissa. At a very young age, he worked as a part-time SIM card seller. Later, he went to Delhi to pursue higher education. However, he soon discontinued starting a new venture. He received the esteemed Thiel Fellowship for Young Entrepreneurs for his concrete vision and vital mission. Since then, his life has changed!
Ritesh Agarwal Net Worth 2023: Career And Milestones
He wanted to start budget-friendly accommodations across the country; namely, Oravel Stays. This idea has won him the prestigious Thiel Fellowship with a grant of $100,000. He later launched OYO in May 2013.
Within five years, OYO reaped over $1 billion. From then on, Agarwal didn’t look back. Later, he tripled the stake, which gave him more profits. As of February 2023, he’s the second-youngest billionaire listed in Forbes Under 30 list for Asia.
Exciting Facts About Ritesh Agarwal That Nobody Knows
Here are a few interesting facts about Ritesh Agarwal that you might be interested in. Don’t miss it out.
- Tech Prodigy: Ritesh Agarwal is a tech-savvy and enthusiastic coder. Unlike many other programmers or coders, he started his coding journey in his childhood at age 8.
- Prestigious Awards: He won one of the prestigious awards, Peter Thie, at the age of 19 and became the #1 Indian resident to be awarded such an honorable award.
- Relentless Hard Work: He used to work 16 hours a day while setting up OYO. This proves that hard work is key to success and definitely gives you fruitful results in the end.
- Honored by Donald Trump: He was also honored by Donald Trump on his tour to India.
- Early Entrepreneur: He sold sim cards at a very early age of 13, and now he’s only 27, earning a whopping net worth in billions.
Ritesh Agarwal’s Net Worth
His estimated net worth is around $2 billion. However, his current income has increased way more than $2 billion. He owns over 2500 hotels across India. His monthly income is around $5 million. He runs services with 1,500 employees and has expanded overseas, including Nepal, Malaysia, China, UAE, and Indonesia.
Ritesh Agarwal’s journey from a small-town boy to a billionaire entrepreneur is indeed inspiring. His dedication, vision, and hard work have propelled him to great heights in the business world, making him a role model for aspiring entrepreneurs everywhere.
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