Ritesh Agarwal Net Worth 2024: Ritesh Agarwal is one of the most recognized Indian business people and innovators. His fame arises out of his success in the business and technology scenarios. His meteoric rise has made him one of the young millionaires who inspire millions of people back in his country. Here we will dive into the net worth and monthly salary of Ritesh Agarwal along with his real estate ventures.
A mastermind of an entrepreneur, Ritesh Agarwal has become one of India’s youngest and most prominent business leaders in no time. Being the founder and CEO of OYO, he got into the league of billionaires at an exceedingly young age. He became the world’s second-youngest self-made billionaire at the age of 26.
| Net Worth | $2 billion |
| Monthly Income | Rs. 10 crores |
| Yearly Income | Rs. 100 crores |
| Wealth | Rs. 16,462 crores |
| Miscellaneous Assets and their Valuation | Rs. 170.05 crores |
Ritesh was born on November 16, 1993, in Bissam Cuttack, Odisha. Ritesh is the son of a small businessman family, with his father, Ramesh Agarwal, being a businessman as well, while the mother is a housewife. He lost his father this year, in the year 2023, because of an accident.
Growing up, Ritesh had an inclination towards coding, and spent a great amount of time learning software development. However, his entrepreneurial spirit in him led him to start his first business when he was still a teenager: selling SIM cards.
He studied in St. John’s Senior Secondary School and then joined the Indian School of Business and Finance, affiliated to the University of London. But this was just for a short while, as he dropped out at the age of 17 in order to join entrepreneurship, leading him to OYO.
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Ritesh Agarwal is perhaps one of the most compelling cases of innovation, determination, and complete immersion into consumer needs. His journey was born out of an observation that India’s budget sector for hotels lacked reasonably priced, yet really good-quality, accommodation for travelers. Being an avid traveler, Ritesh recognized the problem a budget traveler would face: pristine hygiene, along with comfort and reliability. Thus, in 2011, he launched his first business venture, Oravel Travels.
The entrepreneur was way ahead of the curve: he was not taking the approach of trying to personalize his company, but rather was hands-on and customer-oriented. During his travels around India on a shoestring budget, he had firsthand experiences of the pains of the travelers. He quickly understood that affordability was only part of the problem; service quality was equally deplorable at most budget hotels.
Ritesh wanted to solve just that. He envisioned a tech-driven model that would enhance user experiences and help small hotel owners. But, for the dream to materialize, a lot of monetary help was required.
He renamed Oravel Travels into OYO (On Your Own) Rooms in 2013. The company put everything independently on board to make independent hotel owners upgrade properties, improve service quality, and follow better management standards. It also helped with customer relationship management, revenue management, and online booking systems mechanisms to make budget traveling easier and even more reliable.
OYO’s business model was enough to sway the investors, particularly the deep-pocketed global investors. The brand soon became a household word earning itself unicorn status-the label for startups valued at over a billion dollars.
India-born OYO has grown into one of the largest hospitality chains in the world over the years, with OYO hotels and homes. Today, OYO includes:
Ritesh Agarwal’s journey from a young entrepreneur to a billionaire CEO has inspired aspiring business minds worldwide, and this just proves the fact that a sheer great idea can work wonders conceived by intense persistence and innovation.
Ritesh Agarwal has progressed from a small town to the global league of business leaders, which completely justifies that only hard work and innovation can take a person to great heights. His current worth is about $2 billion (approx. Rs. 16,462 crores). Most of his worth comes from OYO Rooms-an epoch-making revolution in hospitality.
In 2021, he made his place in the Forbes Billionaire List, therefore becoming the youngest Indian entrepreneur in this list, putting him among some of the most powerful business leaders in the world.
Ritesh Agarwal’s net worth skyrocketed. His salary rose by 250% in FY22. For FY21, it was Rs. 1.6 crore and Rs. 21.5 lakh for FY20.
According to some reports, he earns from several ventures outside the OYO group, including hospitality, real estate, and education, private equity funds, and venture capital.
The $2 billion worth of OYO shares bought in July 2019 was big news for the firm, sending the stock value soaring as he solidified his position with a consolidated share of more than 50% in OYO. The actual wild paradise where he lives in Mumbai is worthy of a true billionaire.
Ritesh Agarwal’s Luxurious Dressing
Ritesh Agarwal is a name to reckon with when it comes to luxury and therefore possesses some expensive cars and private jets.
Ritesh Agarwal Luxury Cars
Billion Dollar Buy
Ritesh is one in a billion. This is a private jet, and one could chop a cool $20 million to emphasize the lavish style of living Ritesh is immersed in and hint at the prosperity of his business.
Net worth valuation of the OYO
That is, Ritesh Agarwal was the founder of OYO, which grew to be the most valuable startup in India, and whose valuation has crossed the $10 billion mark.
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The company has raised over $2 billion to date from different investors
Investors include SoftBank, Sequoia Capital, Greenoaks Capital, and Lightspeed Venture Partners
By January 2022, over 500 ex-employees and current employees had invested in the company, amounting to Rs. 330 crores ($41 million) for 30 million shares.
He has won several prestigious awards during the course of his career:
Apart from being a businessman, Ritesh Agarwal also believes in philanthropy. He founded the Ritesh Agarwal Foundation for the purpose of nurturing young entrepreneurs in India. He also spent $2 billion from his personal fortune for various charity purposes.
While OYO Hotels might be the flagship project of the company, Ritesh Agarwal’s entrepreneurial expedition extends much beyond just being in the hospitality space. Then he spread his investments in equity across other market segments in various start-ups and early-stage ventures.
Key investments by Ritesh Agarwal
Agarwal focuses on investments in high growth areas for consumer technology, enterprise applications, and transportation. Some of his most notable investments include:
His portfolio exemplifies the great feel for innovation, looking to invest in disruptive startups who challenge existing business models and who are capable of catering the growing needs in this region.
International investments – A Global dream
Ritesh Agarwal has taken the lead and been very active across international borders; heis another Indian investor. Owing to the nature of his investments through various startups in Singapore and other international locations, he remains set apart.
Recent investments include:
Ritesh Agarwal is traversing through these opportunities and managing risk through regional and sectoral diversification. Such an approach implies that the growth of a global startup ecosystem brings long-lasting sustainability and impact.
Ritesh Agarwal is an entrepreneurial finisher of innovations as well as an investor. The twofold increase of his portfolio in four years shows more than just his confidence that they keep businesses forward, transcending orthodox industry norms.
Diving into the future, his focused investments include:
With a unique ability to pick them out and continue funding the hot ideas in various international markets, Agarwal is becoming increasingly determinant of how technology, business, and consumer experiences would appear in the future.
Going beyond OYO itself, he has a gaze way ahead into ensuring that there shall be an enormous space for disruption and concessional expansion in different sectors. A global reach for OYO and with such innovative thinking on his behalf, it shall remain as limitless as being imaginative. This sheer brilliance with investment backed with business acumen puts Ritesh on the pedestal of being a change champion in the world of all sorts and probably his mark will resonate for a long period ahead in the different waves and phases of change.
Agarwal had built on the tremendous success to inspire future entrepreneurs. He represents the journey of a young visionary growing into a global business leader-resilience, creativity, and relentless ambition. With OYO Life and other projects in the pipeline, he takes charge of industries, builds the next-generation leadership, and lives forever as a legend.
Agarwal embodies the entrepreneurial spirit that continues to be at the forefront of the changing business scenario and stands as a beacon of innovation, ambition, and limitless possibilities for all budding entrepreneurs around the world.
Ritesh Agarwal was born in 1993 an Indian entrepreneur, founder and CEO of OYO Rooms, one of the largest budget hotel chains in the world, who made all of India proud in his unfathomable success story.
In July 2013, Agarwal changed the name of Oravel to OYO (On Your Own) Rooms to provide cost-effective accommodation to travelers in India. It was this ambitious vision that gave him the courage to expand globally into more than 80 nations on his way to forming OYO.
According to the most recent estimates, the net worth of Ritesh Agarwal stands at $2 billion (about Rs. 16,462 crores), which makes him possibly one of the youngest billionaire entrepreneurs in India.
OYO works with smaller and independent properties to bring on a quality of service, design, and technology improvements, plus provide a standardized experience for travelers through an application and online platform.
Some of the other start-ups that Ritesh has invested in include:
Unacademy,
Cars24,
Zingbus,
First Bud Organics, Allter, CORATIA, XMACHINES.
Source: Ritesh Agarwal Net Worth, OYO Net Worth
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Disclaimer: The net worth, assets, and other information shared here are based on reports from News websites. Sometimes, celebrities or their teams also provide their input, which we include when available. We aim to provide accurate information, but unless stated otherwise, these numbers are approximate. We welcome feedback at info@eblogtalk.com.
This post was last modified on February 23, 2025
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