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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.

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:

No Name Age Wealth  (Rs Crore) Company
1 Bhavish Aggarwal   30 3,000 Olacabs
2 Rajiv Poddar   31 4,500 Balkrishna
3 Kunal Bahl   32 2,300 Snapdeal
4 Binny Bansal   33 5,400 Flipkart
5 Nilima Motaparti   34 7,100 Divis Laboratories
6 Sachin Bansal   35 5,400 Flipkart
7 Divyank Turakhia   35 3,000 Directi Web Services
8 Bhavin Turakhia   36 3,000 Directi Web Services
9 Nishita Shah Federbush& Family 36 2,200 Precious Shipping
10 Vijay Shekhar Sharma 38 7,300 Paytm
11 Kiran Satchandra Divi 40 6,000 Divis Laboratories

Source: Hurun India rich list for 2016

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