Bharat Jain has amassed his wealth on the streets of Mumbai, India
Bharat Jain, often called the world’s richest beggar, has amassed an astonishing $1 million net worth by begging on the streets of Mumbai, India. His story is anything but ordinary, transforming the act of begging into a surprising and unconventional success.
From Begging to Business
While begging is usually seen as a last resort, Bharat Jain has turned it into a surprisingly profitable venture. He spends his days on the bustling streets of Mumbai, India’s financial capital, where he typically collects around 2,500 rupees (about $30) per day. Over the course of a month, that adds up to roughly 75,000 rupees, or around $913.
At first glance, that may not sound like much, but Bharat has turned his earnings into a solid business. He owns a two-bedroom flat in Mumbai, valued at about 12 million rupees (over $146,000). In addition to his home, he rents out two shops in Thane, earning 30,000 rupees per month from them. All of this has been funded by his daily begging routine.
A Life Transformed
Bharat’s upbringing was marked by hardship. Lacking formal education due to the challenges he faced growing up, he made sure that his children wouldn’t suffer the same fate. Today, his children attend a convent school, where they receive a formal education, giving them a better start in life than he had.
Every day, Bharat spends between 10 to 12 hours begging, typically around the Chhatrapati Shivaji Terminus railway station and Azad Maidan sports ground. It’s a grueling routine, but it’s one that has allowed him to build a life of comfort, something he never could have imagined in his earlier years.
The Power of Begging in Mumbai
Though $30 a day might not sound like much in other parts of the world, in Mumbai, it goes further than you might think. With a lower cost of living and affordable property prices, Bharat’s daily earnings give him far more purchasing power than they would in places like the United States.
For comparison, the average salary needed to live comfortably in Mumbai is around $730 per month, making Bharat’s earnings of $913 a month higher than what many residents make. This financial advantage has allowed him to secure a stable life for his family and afford a quality education for his children.
No Plans to Retire
Bharat Jain’s story is a surprising one. What most people would consider a tough and challenging situation, he has turned into a pathway to financial success. Through his dedication to begging, he’s built a life that many would envy, providing for his family and ensuring his children have a brighter future. Despite the unconventional nature of his work, Bharat’s ability to make the most out of every opportunity shows that sometimes, success can come from the most unexpected places. His journey proves that with hard work, even the most unlikely circumstances can lead to remarkable outcomes.