Mumbai, India — When one thinks of a beggar, the first image that comes to mind is often one of poverty and hardship. However, Bharat Jain defies this stereotype in a truly remarkable way. Recognized as the world’s richest beggar, Bharat Jain has amassed an astounding net worth of ₹7.5 crore (approximately $1 million USD).
Bharat Jain, a resident of Mumbai, began his life on the streets at a young age. Despite his unconventional career, Jain’s story is one of persistence. Over the years, he has strategically chosen his begging spots in the affluent areas of Mumbai, such as the bustling Chhatrapati Shivaji Maharaj Railway Station. He has been begging for the last 40 years. These locations, frequently visited by thousands of commuters and tourists daily, have contributed significantly to his earnings. Bharat Jain is a 56 years old, world’s richest beggar in the world.
On an average, Jain reportedly earns between ₹2,000 and ₹2,500 per day or around ₹60,000 to ₹75,000 per month. This substantial daily income has allowed him to save and invest wisely. Unlike most in his situation, Jain did not squander his earnings. Instead, he invested in real estate and other ventures, ensuring a steady income beyond his daily collections.
One of Jain’s most significant investments is in real estate. He owns a flats in Mumbai’s Parel area, valued at around ₹1.2 crore. Apart from this, he has two shops in Mumbai’s Thane which are rented out, providing him with a substantial monthly rental income ₹30,000 per month. These assets highlight his keen sense of investment and financial planning.
Despite his considerable wealth, Jain continues to lead a simple life, in line with his roots. He is married and has two children, both of whom are receiving an education from a convent school in Mumbai. Jain’s family is aware of his profession and supports him. Despite the stigma attached to begging, they appreciate the financial stability it has provided.
Begging is illegal in India but still, Bharat Jain has transformed his life from one of begging to one of affluence and earns the title of world’s richest beggar with a huge net worth. His story serves as an inspiration, showing that with determination and smart financial decisions, one can change their destiny, regardless of their circumstances.
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