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…
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
16 minutes ago
- India.com
FMCG stock Krishival Foods in focus as company to fix record date on August 25
यह प्रयोग वायरल हो गया Shares of FMCG company Krishival Foods are in focus today, August 19, 2025, as the company has informed exchanges that the meeting of the board of directors of the company is scheduled to be held on Monday, August 25, 2025. During the meeting, the board will fix the record date for the declaration of a dividend. The stock started the trading session at Rs 390 against the previous close of Rs 388.50 on the BSE. It later jumped to touch a high of Rs 392. This is a gain of 0.90 from the closing price of the last trading session. On the NSE, the counter opened flat at Rs 388 and touched the intraday high and low of Rs 392 and 375, respectively. The market cap of the company stood at Rs 847.22 crore. Technically, Krishival Foods is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Earlier, the company, which specialises in premium nuts, dried fruits, and ice cream, informed exchanges that its board of directors approved the investment in Hamma Foods Private Limited and BVK Foods Private Limited. The investment was made through its subsidiary company by subscribing to 49 per cent of the total paid-up share capital. The stock has given a multibagger return of 279 per cent in five years and has gained 68 per cent in one year. It has surged over 50 per cent so far this year. However, the stock has corrected by 4.71 per cent in the last month. Meanwhile, equity benchmark indices climbed in early trade on Tuesday, extending their previous day's gap-up opening. The 30-share BSE Sensex climbed 203.44 points to 81,477.19 in early trade. The 50-share NSE Nifty went up by 53.4 points to 24,930.35. From the Sensex firms, Reliance Industries, Bharti Airtel, Adani Ports, NTPC, Titan and Infosys were the major gainers. However, Bajaj Finance, Bharat Electronics, Mahindra & Mahindra and HCL Tech were among the laggards.
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
Govt panel starts drafting rules for refurbished medical device imports
An inter-departmental high-level committee of the central government has begun discussions on new rules to regulate the entry of refurbished or second-hand medical devices into India. Valued at Rs 1,500 crore, industry executives estimate that the pre-owned medical equipment market accounts for around 10 per cent of the total medical equipment industry in the country. Sources told Business Standard that while only a couple of meetings have taken place so far, the committee is reviewing data related to the pre-owned or refurbished devices market. Officials confirmed that the panel includes representatives from the Ministry of Health and Family Welfare, Directorate General of Health Services (DGHS), the Central Drugs Standard Control Organisation (CDSCO), the Department of Pharmaceuticals, and industry stakeholders. This follows a communication by CDSCO to the Principal Commissioner of Customs in January 2025, acknowledging that there was no specific regulation for refurbished devices under the Medical Devices Rules (MDR), 2017. 'MDR 2017 has a provision for import of medical devices and the requirements are well set for this. The regulation does not differentiate between new and refurbished medical devices,' a health ministry official said. Currently, such imports are allowed through no-objection certificates from an expert committee of the Ministry of Environment, Forest and Climate Change (MoEFCC). The approvals are limited to 38 high-end and high-value (HEHV) medical equipment items listed by the DGHS. Imports are subject to conditions such as ensuring that equipment has not been phased out in the exporting country, contains no hazardous materials, and has a residual life of at least seven years. 'Major points to be discussed by the committee may include the service time of second-hand devices eligible for import or allowing only very expensive, high-end critical care equipment,' an official said. Confirming the development, MoEFCC sources said that while existing MDR provisions do not cover refurbished equipment, the health ministry is drafting regulatory mechanisms to support ease of doing business in the sector. 'MoHFW has shared a draft proposal with MoEFCC for comments,' the person added. Pre-owned medical devices largely include robotic-assisted surgery systems, linear accelerators, and CT scanners, which help meet demand in Tier-II, Tier-III, Tier-IV cities and underserved areas. While proponents argue that refurbished alternatives provide affordable solutions for smaller cities, several lobby groups and domestic manufacturers have urged the ministry to stop unregulated imports of high-risk second-hand medical equipment citing patient safety concerns. The Patient Safety and Access Initiative of India Foundation (PSAIIF), a Delhi-based not-for-profit organisation, has also filed a public interest litigation in the Delhi High Court, raising concerns over the reliability of these devices and risks to patient safety.
Economic Times
24 minutes ago
- Economic Times
Hyundai Motor India shares soar 12% in 2 days to hit new all-time high amid surge in trade volumes
Hyundai Motor India shares extended their rally on Tuesday, hitting a new all-time high of Rs 2,511.20 on the BSE, after surging 12.2% over the past two sessions amid heightened trading volumes. ADVERTISEMENT The stock, which had closed at Rs 2,427.20 in the previous session, opened at Rs 2,418.05 and quickly scaled fresh highs during the day. With this move, the newly listed automaker is now trading 29.8% above its listing price of Rs 1,934 and 28.2% higher than its IPO price of Rs 1,960, reflecting sustained investor appetite. Market data showed increased activity in the counter, with volumes surging well above the two-week average. Turnover stood at Rs 15.96 crore, while traded quantity came in at 0.65 lakh shares versus the two-week average of 0.40 lakh, as of 10:20 am. At current levels, the company commands a market capitalization of Rs 2,02,241.48 crore and a free-float market cap of Rs 35,391.85 crore. Hyundai Motor India Q1 results For the quarter ended June 30, 2025, Hyundai Motor India reported an 8% year-on-year (YoY) drop in consolidated net profit to Rs 1,369.23 crore, compared with Rs 1,489.65 crore in the same period last year. ADVERTISEMENT Revenue declined 5.5% YoY to Rs 16,179.61 crore, down from Rs 17,131.24 crore in the year-ago quarter. Unlock 500+ Stock Recos on App Also read: Zerodha co-founder Nikhil Kamath invests Rs 137.5 crore in Surat-based Goldi Solar (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
