In this article, you will know about Ritesh Agarwal Biography, Net Worth, Age, Education, Story, and Family details from here. Ritesh Agarwal is the youngest self-made billionaire in the world. With a net worth of approximately $1.1 Billion (Rs. 7253 crore). We will be sharing the necessary details of Ritesh Agarwal Biography further in this article.
Ritesh Agarwal Biography
Ritesh Agarwal is the founder and CEO of OYO Rooms. Bishama Katek is a small town in Odisha where Ritesh was born. The young life of the businessman went in Titilagarh. From a young age, he showed interest in business, and at 13, Ritesh started selling SIM Cards.
At the age of 17, he opened his online education platform named Oravel Stays, which was later named OYO Rooms. After seeing the growth in his business, he planned to expand the business to other countries, including China, Europe, and the United States. He has won many awards for his entrepreneurship and was also included in Forbes’ 30 under Top 30 Asia list in 2016 and 2018. He was also acknowledged as the youngest Indian billionaire in 2020 by Forbes. Further, we will be discussing about Ritesh Agarwal Net Worth.
What is the Age of Ritesh Agarwal?
He was born on November 16, 1993, in Orissa, India. He is 30 years old. From his early stages of life, he was willing to start his own business. Thus, after completing his schooling, he began his career.
Overview of Ritesh Agarwal
|Date of Birth||November 16 1993|
|Birthplace||Raigad, Orissa, India|
|Age||30 years (2023)|
|Profession||Businessman, Entrepreneur & Writer|
|Founder of||OYO Rooms|
|Beginning of OYO||In 2013|
|Education||12 and college dropout|
|Net worth||$2 billion|
Ritesh Agarwal Education
Ritesh Agarwal graduated from St. Johns Senior Secondary School, Kota, Rajasthan. He went to the Indian School of Business and Finance, Delhi, but dropped out after being selected for the Thiel Fellowship in 2013.
Ritesh Agarwal Family Details
Ritesh Agarwal belongs to the Marwari family. They live in Raigad, Odisha. His family has 4 members, his father Ramesh Agarwal, who died on March 10, 2023. Ramesh Agarwal is also a businessman.
Ritesh Agarwal Net Worth
From a young age, Ritesh started his business. Today, Ritesh’s net worth is around Rs $2 billion, amounting to Rs. 16,462 Crore in Indian Rupees. In 2021, he became the youngest entrepreneur in India to be included in Forbes’ billionaire list.
He was the second world’s youngest self-made billionaire in 2020 after Kylie Jenner. This isn’t it, there is a lot more about the Entrepreneur.
Ritesh Agarwal Story
In 2013, he won a Thiel fellowship, and he dropped out of college. After selection, he planned a start-up named OYO Rooms, and that Thiel fellowship will provide him funding and support for his startup idea. In 2014, Ritesh launched OYO Rooms, a low-cost hotel in India.
Ritesh was around 20 years old when he decided to open a business in Hospitality service. His goal to become a billionaire started by opening OYO. To date, there are several individuals who appreciate staying at comfy hotels that are associated with the business.
Ritesh’s Journey of OYO
Software developers need to have a strong mind and vision. One such excellence is gifted to Ritesh who started coding at the age of 10 years. The young kid was enthusiastic to do something big in his life. With his hobby of travelling, he went to various locations. He found the requirement of booking a hotel at affordable prices in India. Thus, he planned to begin entrepreneurship. He understood that the people of our country need to spend quality time while being on vacation, so why not with reasonable prices?
He received the funding of around $100,000, which helped to start his OYO journey. The concept of OYO stands for On Your Own. Ritesh’s main motive was to provide budget-friendly rooms to visitors all over India. He decided to make tie-ups with hotels to grow their as well as his business. More than 1,000 hotels are affiliated with OYO Brand as of now. This data is fantastic considering the challenging journey of Ritesh.
Ritesh Agarwal Awards and Honors
As we have shared above, Ritesh had received many awards. Here is a list of those:
|Top 50 Entrepreneurs 2013||TATA First Dot Awards|
|Eight hottest teenage start-up founders 2013||Business Insider|
|’20 under 20′ Thiel Fellowship 2013||Thiel Fellowship|
|Tie-Lumis Entrepreneurial Excellence Award 2014||Tie Lumis Entrepreneurial Excellence Award|
|Finalist in the Global Student Entrepreneurship Awards||Global Student Entrepreneur Awards|
The prosperity of our country depends on the overall progress of our nation. Moreoever, individuals like Ritesh are a good example for our countrymen.