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Introduction about Ritesh Agarwal
Ritesh Agarwal is well known in the entire country as he has established the OYO rooms facility in our country.
Ritesh hails from a small town in our country and he managed to emerge as a billionaire just in his twenties.
Thus Ritesh’s success story never fails to inspire the youth of our country. He has been awarded with numerous awards for his exceptional work and he has amazed everyone from just the age of 16 years old.
Net Worth & Salary of Ritesh Agarwal in 2022
Ritesh has emerged himself as a billionaire during his twenties when most people start their career. His net worth was last estimated in 2021 and it was $1.1 billion dollars.
He has managed to earn this huge sum of money by being the owner of the OYO rooms.
Ritesh has even been part of a fellowship where he received around one million. Although there was a fallback due to COVID situation but still he continues to be one of the most wealthiest man of India
Early Life & Biography of Ritesh Agarwal
Born in the small district of Cuttack situated in the Odisha state he hails from a middle-class family of TItlagarh. Ritesh has never revealed neither about his parents nor family.
Ritesh has also revealed that at the time when he was merely a teen, he used to sell sim cards. Ritesh has completed his high school graduation from Cuttack through the St. Johns Senior Secondary School.
Then Ritesh decided to accomplish his further studies in a new state and he shifted to Delhi. But soon enough within a span of two years he felt that college was not the right place for him and he decided to drop off from his college.
In 2013, he got the massive opportunity to be selected for the Thiel Fellowship. Only twenty members got selected and Ritesh got the huge chance to be trained under Elon Musk and prominent people like Mark Zuckerberg.
|Age:||29 years old|
|Birth Date:||November 16, 1993|
|Birth Place:||Cuttack, Odisha, India|
|Children/Kids (Son and Daughter):||N/A|
|Yearly Income:||$500 Million|
|Net Worth in 2022||$1.1 Billion|
|Content Last Updated:||February 2022|
Personal Life of Ritesh Agarwal
Ritesh has always loved to keep his personal life away from the limelight. Thus there is no information regarding his love affairs or family and such.
For all we know that he is unmarried and there is even no record of any past relationships.
Ritesh has always loved to travel and as he came across various problems while traveling this helped him to have the idea of establishing the OYO rooms.
Ritesh spends a lot of time during yoga asanas and for him health comes first. Ritesh is also a pet lover and loves to play and spend time with dogs.
Ritesh is even very attached to his Odia culture and is often seen while celebrating Odia festivals like Rath Yatra and is seen spending time with his family.
Career of Ritesh Agarwal
As he was facing various problems while traveling he got the idea to have something of his own where the customers do not have to pay a fortune to stay in a hotel.
Thus in 2012, he established the Oravel Stays so that he could provide affordable services.
In 2013 he changed the name to OYO and this was a huge success and it grew rapidly as his was a chain system.
Earlier it was limited to only our country but then the services were even expanded to almost all cities in India and even in other countries.
Within the span of only four years the growth of the OYO room was enormous and this was extended up to a whole 7000 hotels.
He had even acquired funding from other organizations. This managed to be one of the massive ventures in our country.
Awards & Achievements of Ritesh Agarwal
Ritesh for being this massively successful has been honored with many awards and recognition.
He managed to be in the list 30 under 30 for the well-known Forbes magazine. He has also been rewarded with the Business world Young entrepreneur award in 2013.
In 2014 he received the TIE-Lumis Entrepreneurial Excellence award.
He was even within the top 50 entrepreneur list.
Major Investments and Assets of Ritesh Agarwal
Ritesh very quickly managed to get the funding of a huge sum of money from companies like Venture. Ritesh has even made multiple investments in some well known Companies.
He has invested in Unacademy and Miko. He has also invested in Aroa Ventures in 2020.
It is being recorded that he has made around 13 investments. The most recent investment is in 2022for Growth school.
Must Watch Latest Video and Trending Photographs of Ritesh Agarwal
These two videos provide us with a deep insight into how difficult it is to manage a whole business unit. He has briefly stated about his hard working yet enjoyable journey.
He says how all of us have that special talent and can make our own ways to pursue those. He has thrown light upon the fact that how being from a small city did not stop him from being a billionaire.
He states that managing business takes agility and alertness and how we have to ultimately face all the hurdles in life that we may come across.
He has even focused on the controversies that he had faced and how he successfully overcame those.
Further he even remarked that 2020 would remain his worst year of his entire career where he faced a whole lot of hardships and faced a serious decline in his earnings but he continued to work.
Ritesh has inspired a whole generation of youth and often played a role as true motivational speaker. He has encouraged the youth to be okay with rejections and that should not stop us from pursuing our goals.
Instagram Handle of Ritesh Agarwal