logo
Meet World's Richest Beggar With Net Worth Of Rs 7,50,00,000, Owns Two Commercial Shops, Lives In Flats Worth Rs 1.4 Crore; He Is…

Meet World's Richest Beggar With Net Worth Of Rs 7,50,00,000, Owns Two Commercial Shops, Lives In Flats Worth Rs 1.4 Crore; He Is…

India.com3 hours ago

photoDetails english 2919580 https://zeenews.india.com/photos/business/meet-world-s-richest-beggar-with-net-worth-of-rs-75000000-owns-two-commercial-shops-lives-in-flats-worth-rs-1-4-crore-he-is-2919622 Updated:Jun 21, 2025, 04:06 PM IST The Man Behind the Headlines
1 / 8
Meet Bharat Jain – often spotted outside CST or Azad Maidan in Mumbai, he might look like any other beggar. But what sets him apart is his massive net worth of Rs 7.5 crore, earned over decades through sheer persistence and smart financial decisions. His life is proof that appearances can be deceiving. Humble Beginnings
2 / 8
Born into poverty, Jain's early life was filled with financial struggles. His family often struggled to meet basic needs like food, clothing, and shelter. Without access to formal education or stable work, Jain had little choice but to turn to begging. But instead of giving in to circumstances, he used them as motivation to build a better future. 40 Years of Relentless Work
3 / 8
Begging has been Jain's full-time job for more than 40 years. He works tirelessly for 10–12 hours a day, seven days a week, with no holidays. His estimated daily income is Rs 2,000 to Rs 2,500, translating to Rs 60,000 to Rs 75,000 per month—more than many white-collar jobs in India. Investing in Real Estate
4 / 8
Jain didn't spend lavishly. Instead, he saved and invested. Over the years, he bought two spacious flats in Mumbai valued at a combined Rs 1.4 crore. These properties now house his wife, two sons, father, and brother—providing them a safe and secure life, a far cry from the hardships they once faced. Passive Income from Shops
5 / 8
In addition to his residential properties, Bharat Jain owns two commercial shops in Thane, which he rents out. These shops earn him a steady Rs 30,000 per month in rental income. This stream of passive income adds to his financial stability and shows his smart approach to long-term wealth. Education for the Next Generation
6 / 8
Thanks to his earnings and foresight, Jain ensured his children wouldn't face the same hardships. Both sons were enrolled in a reputed convent school in Mumbai and completed their education. Today, they help manage the family's stationery business, providing the family with yet another source of regular income. Why Does He Still Beg?
7 / 8
Despite having wealth, property, and a stable family business, Jain continues to beg on Mumbai's streets. Why? Some say it's simply a habit built over years. Others believe it's a sign of humility. Whatever the reason, he remains committed to the daily routine that once helped him survive. A Story That Redefines Success
8 / 8
From begging for survival to building a net worth of Rs 7.5 crore, Bharat Jain's journey is one of grit, discipline, and unlikely success. His life is a reminder that wealth can be built in unexpected ways—and that success isn't always defined by a job title or a suit.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

All can see transformation under PM Modi, Rahul Gandhi busy undermining India's progress: BJP
All can see transformation under PM Modi, Rahul Gandhi busy undermining India's progress: BJP

Time of India

timean hour ago

  • Time of India

All can see transformation under PM Modi, Rahul Gandhi busy undermining India's progress: BJP

The BJP on Saturday hit out at Rahul Gandhi, saying the Congress leader cannot see the transformation happening in the country under Prime Minister Narendra Modi's leadership because he is too busy "undermining India's progress". This came after Gandhi launched a fresh salvo at Prime Minister Modi, and said he has mastered the "art of slogans" but offered no solutions, claiming that India's manufacturing was at a record low despite the 'Make in India' initiative. Hitting back, BJP national spokesperson Pradeep Bhandari wrote in a post on X, "Rahul ji, everyone in India can see the transformation, except you. Maybe because you're too busy undermining India's progress to notice it." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo Operation Sindoor is the latest and "landmark example" of India's manufacturing prowess where India's indigenous developed drones destroyed Chinese drones, he added. Citing various data indicating progress made under the 'Make in India' initiative of the Modi government, BJP IT department head Amit Malviya said Rahul Gandhi's narratives are "outdated, misinformed, and disconnected from reality". Live Events "India is building. India is growing. India is leading," he said in a post on X. Under PM Modi, India has transformed from an importer to a global manufacturing powerhouse, Malviya added. Bhandari said since 2014 under PM Modi's leadership, engineering exports have surged by 60 per cent while defence exports "skyrocketed from just Rs 686 crore to over Rs 23,000 crore". "From importing 70 per cent of our defence equipment, India now manufactures 65 per cent of its needs domestically. PMI is at a 10-month high, signalling industrial strength," he said. Bhandari said India under Modi's leadership supplied 60 per cent of the world's COVID-19 vaccines, becoming the "pharmacy of the world". India is now the second largest mobile phone manufacturer globally, he added. "While Indian startups and entrepreneurs were burning the midnight oil to build a world-class drone industry, you (Rahul Gandhi) were busy endorsing Chinese drones and promoting Chinese brands on Indian soil," the BJP spokesperson charged. Bhandari said Gandhi never believed in 'Make in India' because 'Atmanirbhar Bharat' doesn't align with his "imported ideology." "What was there in that secret MoU which you signed with the Communist Party of China," Bhandari asked. Malviya, in his post on X, said "Let's bust the myths - with facts". He said the PLI scheme, which Gandhi claimed had failed, has led to cumulative investments of Rs 10,905 crore, total production worth Rs 7.15 lakh crore and exports of Rs 3.9 lakh crore. "Electronics production value rose from Rs 18,900 crore (FY14) to Rs 4,22,000 crore (FY24). Mobile phone exports surged 77-fold from Rs 1,566 crore (2014-15) to Rs 1.2 lakh crore (2023-24)," he said. He added that 99.2 per cent of mobile phones sold in India are now made in India, up from just 26 per cent in 2014-15. Malviya further said that under the PLI scheme for electronics alone, 1,39,670 direct jobs have already been created. As many as 1.8 lakh new companies were registered in 2023-24, marking a 16 per cent increase over the previous year, he said. "Electronics exports hit USD 38+ billion in FY24-25, a 32 per cent year-on-year increase," Malviya said. "PLI allocations for electronics rose from Rs 5,747 crore (FY24-25) to Rs 8,885 crore (FY25-26) - a clear signal of continued commitment," he added. Malviya said the government has approved landmark semiconductor projects worth Rs 1.52 lakh crore, "a critical leap into deep-tech manufacturing". Overall, electronics production is projected to reach USD 300 billion by 2026, he said.

Sebi plans overhaul of mutual fund rules to aid investors and industry
Sebi plans overhaul of mutual fund rules to aid investors and industry

Business Standard

timean hour ago

  • Business Standard

Sebi plans overhaul of mutual fund rules to aid investors and industry

The Securities and Exchange Board of India (SEBI) is undertaking a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday. "We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator," SEBI executive director Manoj Kumar said at the 17th Mutual Fund Summit organised by the Indian Chamber of Commerce (ICC) here. Existing regulations governing the sector are among the lengthiest and require simplification to keep pace with evolving investor needs and industry innovations, stakeholders said. "The process has started and soon we will come out with draft regulations for feedback and consultation process before it is finalised," Kumar said without giving any timeline for the rollout of the new rules. Kumar outlined the regulator's strategic roadmap to strengthen India's securities market, with mutual funds positioned as a critical pillar in fostering inclusive financial growth and investor protection. A consultation paper on regulations which governs advisory functions in mutual funds is also in the pipeline. Addressing the event, Kumar said India has undergone major market transformations under SEBI's stewardship. These include the shift to an electronic trading ecosystem in 1998, followed by achieving 100 per cent dematerialisation of shares, making India the only jurisdiction globally to do so. "The third transformation is unfolding now through the mutual fund revolution," he said, calling it a cornerstone of SEBI's "optimum regulation" approach, one that seeks balance among the interests of the regulator, the industry, and investors. While India's mutual fund industry has crossed Rs 72 lakh-crore in AUM and monthly SIP contributions have touched Rs 28,000 crore, the investor base remains limited to just five crore in a population of 140 crore, Kumar pointed out. SEBI is also actively reviewing scheme categorisation norms to make them more intuitive for investors, while ensuring all offerings remain "true to label" to prevent mis-selling. To offer wider choice to investors, SEBI has approved a new product category, referred to as SIF, aimed at investors with ticket sizes between Rs 10 lakh and Rs 50 lakh. Mutual funds were selected to manage these products given their established governance and handling of retail flows. Parallelly, SEBI has opened faster registration windows for Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) with similar offerings. Addressing industry concerns over stress test disclosures for mid- and small-cap funds, Kumar reaffirmed SEBI's disclosure-based regulatory model, stressing that informed investors are central to market resilience. While he acknowledged that some disclosure requirements may seem burdensome, he assured stakeholders that SEBI remains open to feedback and streamlining processes. He urged the industry to avoid situations that warrant regulatory intervention, saying, "Our goal is not to disrupt but to allow business to thrive." Highlighting the untapped potential in eastern India, Kumar said SEBI views West Bengal and the Northeast as strategic regions for mutual fund expansion, underscoring the need for targeted penetration efforts. Echoing this vision, AMFI chief executive V N Chalasani said India is transitioning from financial inclusion to financial well-being, where saving smartly and investing wisely will enable sustainable wealth creation. He cited the exponential growth of mutual funds post-2017, following SEBI's investor education mandate, which helped expand the investor base and improve financial awareness. However, Chalasani pointed out that India's mutual fund AUM still forms only about 20 per cent of GDP, compared to a global average of 65 per cent. He stressed the need for deeper financial literacy, especially in Tier 3 and 4 cities, where AMFI is focusing through school and university programmes, distributor expansion via India Post, and new product innovations aimed at mid-income investors. "Every Indian can evolve from a saver to an investor and ultimately a wealth creator," he said, calling for sustained collaboration between regulators, industry, educators and investors to build an empowered, financially resilient India.

NTPC board approves plan to raise ₹18,000 crore via bonds, NCDs
NTPC board approves plan to raise ₹18,000 crore via bonds, NCDs

Business Standard

timean hour ago

  • Business Standard

NTPC board approves plan to raise ₹18,000 crore via bonds, NCDs

The company also fixed the cut-off date of Friday for the purpose of reckoning the names of members Press Trust of India New Delhi State-run power giant NTPC board on Saturday approved the proposal to raise up to Rs 18,000 crore through the issuance of NCDs or bonds on private placement in the domestic market. The board of directors of the company in its meeting on Saturday also considered and approved the draft notice of postal ballot in respect of seeking approval of shareholders of the company for issue of these non-convertible debentures (NCDs), as per a regulatory filing. The company also fixed the cut-off date of Friday for the purpose of reckoning the names of members, who are entitled for receiving postal ballot notice and voting rights, it said. According to the filing, the board approved the issue of non-convertible debentures up to Rs 18,000 crore in one or more tranches/series not exceeding 12, through private placement in the domestic market during the period commencing from the date of passing of special resolution till completion of one year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store