The Indians would be proud to hear that the youngest billionaire in the world comes from India. Now, in today's blog, you will learn how he became the youngest Billionaire but before telling you about him I would like to clarify that he did not take any financial help from parents or relatives.
The person you see above is Ritesh Agrawal who is a billionaire and he is not even 30 years old. He comes from Rayagada, India. In the town, most of the people earn less than $10 a day.
This person is a self-made billionaire. He grew up in a poor family and they did not have enough money for basic needs. Many of you would not believe it when I say that he did not go to any university and did not have a career.
He said that money did not matter to him, it is always solving a real problem for him.
With $0.50 in his bank account, he started his path towards achieving greatness.
Once it noticed that the hotel nearby his house was mostly empty. He recognised it as an opportunity. He went to the owner of the hotel and told him that he could make his hotel better. This was the biggest risk of his life.
To make the hotel better he replaced all the tube lights, he replaced all the beds, added water, added room services and hung paintings on the wall. Then is clicked some nice photos of the hotel and put them on the internet with the name of OYO and guess what, it worked. The empty hotel was now full of customers.
Now he was sure enough that if he could enough change one hotel then he could change hundred's of hotels. So he decided to work on more hotels and made this his profession.
he went around India and helped the hotels but changed their name to OYO.
This work went on and he achieved great heights. At the age of 20 years, he raised money from the investors and spent it on the hotels. At the age of 21 years, he hired more than 50 people to work in his company and help him build a website. at the age of 22 years, he had 500 hotels under his company. You won't believe this but at the age of 24 years, he raised 1 billion Dollars. And at the age of 26 Years that means right now, he has 46000 hotels under his company making it the second-largest hotel chain in the world.
As you know that every person who does something different always has humiliators. Many of the people tried to discourage him but he did not listen to them. He became the youngest billionaire in 5 years. He has helped 350,000 people to get jobs.
He says that he believes in luck but he also said that if you work hard your probability of being lucky increases.