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Grizzly Bulls’ Billionaires Index

⬅ # 377 Rakesh Mittal|# 379 Dennis Washington ➡

# 378 Rajan Mittal 

$7.41B

Real Time Net Worth
as of 7/25/2024
$320.1M (4.32%)

# 378 Rajan Mittal 

$7.41B

Real Time Net Worth
as of 7/25/2024
$320.1M (4.32%)
OccupationVice Chair and Managing Director, Bharti Enterprises
Source of WealthTelecom
Age64
ResidenceDelhi, India
Marital StatusMarried
EducationBS, Punjab University
Age-Adjusted Net Worth$5.65B
Rajan Mittal
Rajan Mittal
India
Net worth: $7.41B

Self-Made Score 

Biography

Overview

Rajan Bharti Mittal, born in 1960, is a first-generation Indian entrepreneur and the vice-chairman of Bharti Enterprises, a multinational conglomerate headquartered in Delhi, India.
Rajan, along with his brothers Sunil and Rakesh, founded Bharti Enterprises in 1980, initially as an import business.
He graduated from Punjab University and completed his master's at Harvard Business School.
Rajan has been honored with several awards including the Indian Business Leader of the Year Award in 2011 by Horasis.
He is actively involved in various organizations, serving as the President of ICC (International Chamber of Commerce) in India, and has held leadership positions in FICCI (Federation of Indian Chambers of Commerce and Industry).
Rajan Mittal is married and has two sons.

Business Ventures

Bharti Enterprises, founded by Sunil Bharti Mittal, is a multinational conglomerate spanning telecommunications, manufacturing, insurance, real estate, hospitality, and food sectors.
The flagship company of Bharti Enterprises is Bharti Airtel, one of the largest mobile network operators globally with operations in more than 18 countries across Asia, Africa, and Europe.
Rajan Mittal is vice-chairman and managing director of Bharti Enterprises, which owns Bharti Airtel.
Bharti Airtel, a major asset of Bharti Enterprises, competes with other telecom giants like Reliance Jio and Vodafone Idea.
Bharti Global, a subsidiary, invested in UK satellite provider OneWeb, later merging it with Eutelsat in a deal valuing OneWeb at $3.4 billion.
Another notable venture is Beetel Teletech, which manufactures and distributes mobile accessories, IT peripherals, and network solutions.

Positions and Awards

Rajan Mittal serves on the Board of Trustees of the Brookings Institution and holds the position of President of ICC India.
He was the President of FICCI from 2009 to 2010 and is actively involved in its Executive and Steering Committees.
In 2011, he was awarded the Indian Business Leader of the Year Award by Horasis and the Leonardo International Prize by Comitato Leonardo.
Rajan Mittal graduated from Punjab University and obtained his master's degree from Harvard Business School.

Investments and Acquisitions

Bharti Enterprises has made significant investments in various sectors including telecommunications, real estate, hospitality, and food.
Notable acquisitions and investments include a stake in UK satellite provider OneWeb and a joint venture with the UK Government for broadband satellite Internet services.
The company has also ventured into real estate development through Bharti Realty and hospitality with Norlake Hospitality Limited.
In 2022, Mittal agreed to merge OneWeb with Eutelsat in a deal valuing OneWeb at $3.4 billion.
Bharti Enterprises has a stake in Emtel, a Mauritius-based telecommunications company, acquired in 2015.

How long would it take you to become as rich as Rajan Mittal?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Rajan Mittal's net worth of $7.41B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Rajan Mittal 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 Rajan Mittal, Telecom 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.

Edited by: Lee Bailey