⬅ # 2088 Stephen Jarislowsky|# 2090 Christoph Zeller ➡

# 2089 Hemendra Kothari 

$1.58B

Real Time Net Worth
as of 10/9/2024
-$317 (-0.00%)

# 2089 Hemendra Kothari 

$1.58B

Real Time Net Worth
as of 10/9/2024
-$317 (-0.00%)
OccupationFounder, Chair, and CEO of Mercado Libre
Source of WealthFinancial Services
Age78
ResidenceMumbai, India
Marital StatusWidowed
Children2
EducationBA/Economics, University of Mumbai
Age-Adjusted Net Worth$466.58M
Hemendra Kothari
Hemendra Kothari
India
Net worth: $1.58B
Rado Captain Cook Automatic Diving Watch with Stainless Steel Strap

Wealth History

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Biography

Early Life and Education

Marcos Eduardo Galperin was born on October 31, 1971 in Buenos Aires, Argentina to a wealthy Jewish family
Family owned SADESA, one of the largest leather companies globally
Studied Finance at The Wharton School, University of Pennsylvania, graduating in 1990.
Enrolled at Stanford Graduate School of Business in 1997 and earned an MBA in 1999.

Early Career

Worked at Argentine oil company YPF for three years after college.
Served as a summer intern at JPMorgan before founding MercadoLibre.

Founding MercadoLibre

Established MercadoLibre while still attending Stanford University, with initial funding secured through connections including John Muse, co-founder of Hicks Muse Tate and Furst.
Received investments from various sources including JPMorgan Partners, Flatiron Partners, Goldman Sachs, GE Capital, and Banco Santander Central Hispano.
In September 2001, eBay acquired a 19.5% stake in MercadoLibre, making it eBay's exclusive partner for the Latin American region.

Career Achievements

Considered one of Argentina's leading internet entrepreneurs.
Received a Konex Award in 2008 and a Platinum Konex Award in 2018 for his significant contributions to Argentine business.
Selected as an Endeavor Entrepreneur in 1999 and continues to serve on Endeavor Argentina's Board of Directors.

Business Expansion and Impact

Under Galperin's leadership, MercadoLibre expanded into 18 Latin American countries and Portugal, becoming the region's most popular e-commerce site with 174.2 million users as of 2016.
Listed on the NASDAQ in August 2007, becoming the first Latin American technology company to do so.
Diversified operations into real estate and motors divisions, offering platforms for property and automobile listings.

Key Operations

Operates under five main business units: MarketPlace, Mercado Pago, Mercado Publicado, Mercado Shops, and Mercado Crédito.
MarketPlace facilitates transactions between buyers and sellers, offering both auction and fixed-price options.
Mercado Pago provides a secure payment platform, processing millions of transactions annually.
Launched Mercado Shops to enable small and medium-sized businesses to establish virtual stores on existing websites.
Mercado Crédito offers credit lines to both buyers and sellers, enhancing accessibility and liquidity within the platform's ecosystem.

Hemendra Kothari's Wealth is Equivalent to:

1,214,011 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

298,392 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

16,117 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Hemendra Kothari?

If you started with $10,000 and invested an additional $500 each month at a 43.88% CAGR, it would take you 5 years to reach Hemendra Kothari's net worth of $1.58B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 59.83% compared to 21.72% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Hemendra Kothari is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Hemendra Kothari, Financial Services is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey