Byju Raveendran, the founder of edtech start-up Byju’s, has left behind many industrialists, including veteran investor Rakesh Jhunjhunwala, Infosys chairman Nandan Nilekani, Mahindra & Mahindra Group chairman Anand Mahindra and Airtel Bharti chief Sunil Bharti Mittal, in the race for wealth. According to the IIFL Wealth Hurun India Rich List 2021, the assets of Byju Raveendran and his family have become Rs 24,300 crore. It has increased by 19 percent from last year. Byju Raveendran has reached number 67 in the IIFL Wealth Hurun India Rich List 2021. Within five years, he has jumped 504 ranks in this list. No one has ever made such a fast jump.
The wealth of these giants increased wildly in a year
Rakesh Jhunjhunwala and his family have assets worth Rs 22,300 crore. The assets of Anand Mahindra and family are Rs 22,000 crore. Nandan Nilekani and his family have assets worth Rs 20,900 crore. At the same time, Sunil Bharti and Rajan Bharti Mittal, chief of Airtel Bharti, have assets of Rs 20,500 crore. The assets of Jhunjhunwala and his family have increased by 50 per cent as compared to last year. Whereas the wealth of Anand Mahindra and his family has increased by 57 percent this year as compared to last year. The wealth of Nandan Nilekani and his family has increased by 74 percent this year as compared to last year. At the same time, the assets of the Mittal brothers have increased by 30 percent.
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Byju’s bought many companies this year
Rising investment in unicorns in India has increased the valuation of edtech start-ups like Byju’s manifold. This year Byju’s has made many acquisitions. Byju’s first bought Aakash Educational Services, a company preparing for many competitive exams including engineering. It then acquired Singapore-based Great Learning. After this his start-up bought the American digital learning platform Epic. The company has spent 15 thousand crore rupees so far this year on acquisition.
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