Quicksplained: Who is Kaivalya Vohra, the youngest Indian billionaire on the Hurun Rich List?

Hurun India unveiled its 2024 list of richest Indians on Thursday.

This is the 13th year of the list. The wealth estimates are based on a snapshot taken on July 31, 2024.

Kaivalya Vohra, a 21-year-old co-founder of Zepto, is the youngest person to make the richlist.

Here’s all we know about him.

Who is Kaivalya Vohra?

• Kaivalya Vohra has entered the 2024 Hurun India Rich List with his co-founder, Aadit Palicha, 22, who is the second youngest on the list.

• According to the richlist, Vohra has a net worth of Rs 3,600 crore, while Palicha’s net worth is Rs 4,300 crore.

• Vohra, an alumnus of Stanford University, dropped out of the computer science course to further pursue entrepreneurship, as per NDTV.

• In 2021, he and his Stanford buddy Palicha founded Zepto to cater to the mounting demand for quick and contactless delivery of necessities during the COVID-19 pandemic.

• The company’s competitors in the market are the Indian division of e-commerce giant Amazon as well as domestic rivals like Swiggy Instamart, Blinkit, and BigBasket.

• Vohra debuted on the IIFL Wealth-Hurun India Rich List 2022 at the age of 19, and he has since appeared on the list annually.

• “These individuals are driving change across various industries, reflecting the growing impact of India’s youth in business,” the report said.

Who are the other youngest billionaires?

• The list, released on Thursday, boasts of 11 people born in the 90s.

• With a wealth of Rs 1,300 crore, Rohan Gupta & Family of SG Finserve, 25, came in third place on the list.

• Shasvat Nakrani, 26, of BharatPe, came in next with a net worth of Rs 1,300 crore.

• The list also included Alakh Pandey, 32, of Physics Wallah, who has a net worth of Rs 4,500 crore, and Ritesh Agarwal, 30, of OYO, who has a net worth of Rs 1,900 core.

• Harshil Mathur and Shashank Kumar of Razorpay, both 33, had the highest net worths among the “Hurun India Rich List — Youngest” participants, with each having a worth of Rs 8,700 crore.

• Neha Bansal, a 42-year-old co-founder of Lenskart, a retail eyewear company, is the youngest self-made female entrepreneur on the list.

What is Hurun India Rich List?

• The Hurun India Rich List for 2024 highlights the exceptional achievements of India’s youth entrepreneurs, who are leading innovations and upending many industries. People from a variety of industries, such as corporate, fast commerce, and entertainment, are represented on this prestigious list, according to Business Standard.

• According to the list released on Thursday, there are now 334 dollar billionaires in the nation, up 29 per cent from the previous year.

• The threshold for inclusion in the 2024 rich list was Rs 1,000 crore, and 1,539 people met it overall — a 220 increase over the previous year.

• There are 334 billionaires in India, 75 more than the previous year.

• Gautam Adani and family topped the list with a 95 per cent rise in wealth to Rs 11.6 lakh crore.

• He was followed by Mukesh Ambani and family with a net worth of Rs 10.14 lakh crore, Shiv Nadar and family with a net worth of Rs 3.14 lakh crore, Cyrus S Poonawalla and family with a net worth of Rs 2.89 lakh crore, and Dilip Sanghvi of Sun Pharmaceutical Industries with a net worth of Rs 2.49 lakh crore.

• There are 55 technology startup founders on the list, and their combined net worth is Rs 2,87,100 crore.

• A record 1,008 business owners (65 per cent) are self-made, demonstrating the spirit of entrepreneurship in India.

With inputs from agencies