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Paytm CEO Vijay Shekhar Sharma Became India’s Youngest Billionaire
Paytm CEO Vijay Shekhar Sharma has just become India’s youngest billionaire. His company’s graph got a shot up when the Country was hit by the government’s Demonetization move.
Founder and CEO of Paytm, Vijay Shekhar cites Alibaba Founder Jack Ma as his inspiration. Paytm, now has 20 crore users, which is nearly one in every six Indians. According to the survey of Hurun Rich List 2017, Sharma is listed as the youngest billionaire. At a very young age of 38, he stands as an owner of assets worth $1.5 billion (Rs.10,000 crores.)
Meanwhile, Flipkart’s owners Sachin Bansal and Binny Bansal who made it to the 2016’s List couldn’t find a place this year. Even though their net worth is $1.4 billion each, did not make it because of the constant devaluation by investors.
Vijay Shekhar Sharma was not listed in the 2016’s list but now is ranked as the 61st richest Indian. Born in Aligarh, Uttar Pradesh, he had one of the most incredible journeys to the top. He joined the Delhi College Of Engineering just at the age of 15. Vijay started his first website ‘indiasite.net’ when he was 21 years old and sold it two years later for $1 million.
In 2005, he started One97 Communications which offered mobile content like news, cricket scores, and updates. One97 Communications is the parent company for Paytm which was launched in 2010.
“I planned to buy a Rolex when Paytm’s valuation hits $10 billion” he exclaims.
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