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Paytm's Vijay Shekhar Sharma Richest Entrepreneur Under 40: Report

Vijay Shekhar Sharma, 38, is the richest entrepreneur in India below the age of 40, according to Hurun's India rich list for 2016. The net worth of Paytm's founder jumped 162 per cent in the past one year to Rs 7,300 crore, says the report.
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Net worth of Vijay Shekhar Sharma, founder of Paytm jumped 162 per cent in the past one year
Net worth of Vijay Shekhar Sharma, founder of Paytm jumped 162 per cent in the past one year

Highlights

  1. Paytm's Vijay Shekhar Sharma is richest entrepreneur aged below 40
  2. Net worth of Paytm's founder jumped 162% in the past one year
  3. Ola's co-founder, Bhavish Aggarwal is the youngest entrepreneur in list
Vijay Shekhar Sharma, 38, is the richest entrepreneur in India below the age of 40, according to Hurun's India rich list for 2016. The net worth of Paytm's founder jumped 162 per cent in the past one year to Rs 7,300 crore, says the report.

Hurun magazine focuses on high net-worth individuals in India and China.

Hurun's India rich list for 2016 includes individuals with a minimum net worth of Rs 1,600 crore as on July 2016. Total 339 entrepreneurs made it to the list out of which 11 were below 40 years of age.

Bhavish Aggarwal, 30, co-founder of Ola, is the youngest entrepreneur with a net worth of Rs 3,000 crore as on July 2016, as per the report.

Both the founders of Flipkart, Binny Bansal and Sachin Bansal, made it to the list with a net worth of Rs 5,400 crore each. Sachin Bansal stepped down as the CEO of Flipkart earlier this year to take up the role of executive chairman with the e-commerce giant.

Net worth of Snapdeal's CEO Kunal Bahl, who is also part of the list, was at Rs 2,300 crore at the end of July 2016, says the report.

Two of the promoters of Divi's Laboratories - Nilima Motaparti and Kiran Satchandra Divi - were also part of the list with a net worth of Rs 7,100 crore and Rs 6,000 crore respectively.

Here is the full list of wealthiest entrepreneurs of India aged below 40
NoNameAgeWealth  (Rs Crore)Company
1Bhavish Aggarwal  303,000Olacabs
2Rajiv Poddar  314,500Balkrishna
3Kunal Bahl  322,300Snapdeal
4Binny Bansal  335,400Flipkart
5Nilima Motaparti  347,100Divis Laboratories
6Sachin Bansal  355,400Flipkart
7Divyank Turakhia  353,000Directi Web Services
8Bhavin Turakhia   363,000Directi Web Services
9Nishita Shah Federbush& Family362,200Precious Shipping
10Vijay Shekhar Sharma387,300Paytm
11Kiran Satchandra Divi406,000Divis Laboratories
Source: Hurun India rich list for 2016

 

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