Credit: Bharat Jain & Adobe Stock
World’s Richest Beggar Has A Net Worth Of $1 Million
The ‘world’s richest beggar’ has a staggering net worth of $1 million.
Begging is often considered a last resort, undertaken by individuals in desperate circumstances.
Societal stigma and a culture that discourages seeking help frequently force those in need into challenging situations.
Many view individuals who beg as less than others, worsening their struggles.
Yet, one man has defied these stereotypes and turned his life around by begging and achieving a success few could imagine.
Bharat Jain, a resident of Mumbai, India’s bustling financial capital, has amassed significant wealth through begging, a practice that most associate with poverty and hardship, reports Times of India.
He earns around 2,500 rupees daily – equivalent to $30 – and approximately 75,000 rupees ($913) monthly.
For instance, in Mumbai, the average monthly income required for a comfortable lifestyle is approximately $730, meaning Bharat’s $913 monthly earnings exceed this benchmark.
While $30 a day may not seem like a substantial income in wealthier nations, it carries significant purchasing power in a country where the cost of living is relatively low.
Although this amount may seem modest by global standards, Bharat’s strategic use of his income has turned him into what many now refer to as ‘the world’s richest beggar.’
Using his earnings, Bharat has purchased a two-bedroom apartment in Mumbai, valued at around 12 million rupees, or over $146,000.
He also owns two commercial properties in the Thane suburb, which he rents for a combined monthly income of 30,000 rupees.
These investments have provided him with financial stability and an additional revenue stream, securing a better future for himself and his family.
Growing up in extreme poverty, Bharat was unable to pursue formal education due to the financial hardships he faced.
Despite his lack of schooling, he has prioritized education for his children, ensuring they have opportunities he never had.
Today, his children attend a convent school, receiving a quality education that positions them for a brighter future.
Still, Bharat is said to have continued his work as a beggar, dedicating 10 to 12 hours asking for alms in busy areas like the Chhatrapati Shivaji Terminus railway station and the Azad Maidan sports ground in Mumbai.
Family members have encouraged him to retire and live off the income from his properties, but he has chosen to continue begging.
As Bharat has achieved financial success, his decision to remain in this role has sparked curiosity and debate, with many raising questions about his motivations and long-term plans.
Yet his story remains a compelling example of resilience and unconventional success, showcasing how individuals can create opportunities for themselves and their families.
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