The world’s richest beggar, despite living on the streets, has an impressive net worth of $1 million, surprising many.
In the bustling city of Mumbai, India, a man named Bharat Jain has become known as the world’s richest beggar.
With a net worth of $1 million, his story is surprising and inspiring.
While begging is often seen as a last resort, Bharat has turned this practice into a successful venture.
A different perspective on begging
Many people think of begging as a sign of poverty and desperation.
Society often looks down on those who beg, making life even harder for them.
However, Bharat Jain’s journey challenges these views.
He has shown that it is possible to find success in unexpected ways.
How does Bharat Jain earn money?
Bharat Jain begs in busy areas of Mumbai, including the Chhatrapati Shivaji Terminus railway station.
He works long hours, spending 10 to 12 hours each day asking for alms.
On average, he earns about 2,500 rupees daily, which is around $30.
Monthly, this adds up to approximately 75,000 rupees, or $913.
Although this may not seem like a lot in wealthier countries, it has considerable value in India.
The average monthly income needed for a comfortable lifestyle in Mumbai is about $730.
Bharat’s earnings exceed this, allowing him to live a stable life.
The beggar makes smart investments to secure his future.
Bharat has not only relied on his daily earnings but has also made wise investments.
He has purchased a two-bedroom apartment in Mumbai worth around 12 million rupees, which is over $146,000.
Additionally, he owns two commercial properties in the Thane area, which he rents out for a monthly income of 30,000 rupees.
These investments provide him with financial security and additional income.
Many people would assume that someone in his position would stop begging once they have enough money, but Bharat has chosen to continue.
Bharat prioritizes education for his children’s future.
Bharat’s life was not easy. He grew up in extreme poverty and could not go to school.
However, he has made education a priority for his children.
They now attend a convent school, where they receive a good education.
Bharat wants them to have opportunities he never had, and he works hard to ensure they succeed.
Despite his financial success, Bharat continues to beg.
His family members have suggested that he retire and live off the income from his properties.
However, he has chosen to keep begging, which raises questions about his motivations and future plans.
Many people are curious about why someone who is financially secure would continue in this role.
Some think it may be about maintaining a routine or perhaps a desire to connect with the community.
Whatever the reason, Bharat Jain’s story inspires many.