Who is Bharat Jain, the world’s richest beggar with a net worth of ₹7.5 crore?

Bharat Jain, recognized as the wealthiest beggar globally, continues to engage in begging despite accumulating a net worth of 7.5 crores ($1 million). His monthly earnings range between 60,000 and 75,000, and he owns valuable property in Mumbai.

Livemint
Updated8 Jul 2023, 07:54 AM IST
Bharat Jain has accumulated a net worth of  <span class='webrupee'>₹</span>7.5 crores ($1 million).
Bharat Jain has accumulated a net worth of ₹7.5 crores ($1 million).

The term "beggar" often evokes images of individuals facing financial instability, wearing outdated attire, and having unkempt hair. Additionally, it is commonly associated with poverty.

However, it is worth noting that begging has taken on a new dimension, with some individuals turning it into a lucrative profession. As reported by ZeeNews, Bharat Jain, recognized as the wealthiest beggar globally, is a prominent figure seen begging on the streets of Mumbai.

Mint could not independently confirm the development.

Due to financial constraints, he was unable to pursue formal education. Despite his circumstances, Bharat Jain is a married man with a family that includes his wife, two sons, his brother, and his father.

In a remarkable turn of events, despite his humble beginnings, Bharat Jain's children have successfully completed their education. Originally from Mumbai, Bharat Jain has accumulated a net worth of 7.5 crores ($1 million). His monthly earnings from begging range between 60,000 and 75,000.

Notably, he owns a valuable two-bedroom flat in Mumbai worth 1.2 crore and has ventured into real estate with ownership of two shops in Thane, which yield a monthly rental income of 30,000. Bharat Jain can often be spotted begging at prominent locations such as Chhatrapati Shivaji Terminus or Azad Maidan. His story is a testament to his entrepreneurial spirit and his ability to overcome adversity.

Despite his significant wealth, Bharat Jain continues to engage in begging on the streets of Mumbai. While many people struggle to earn a few hundred rupees even after working long hours, Bharat Jain manages to collect 2000-2500 per day within a span of 10 to 12 hours, thanks to the generosity of people.

Despite his financial resources, Bharat Jain and his family live comfortably in a 1BHK duplex residence in Parel. Their children attend a convent school, indicating a decent standard of living. Additionally, other members of the family operate a stationery store, offering alternative means of income. They consistently advise Bharat to cease begging, yet he disregards their counsel and persists with this line of work.

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First Published:8 Jul 2023, 07:54 AM IST
HomeNewsIndiaWho is Bharat Jain, the world’s richest beggar with a net worth of ₹7.5 crore?

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