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Grizzly Bulls’ Billionaires Index

⬅ # 384 Pavel Tykač|# 386 Rajan Mittal ➡

# 385 Rakesh Mittal 

$7.55B

Real Time Net Worth
as of 11/23/2024
$219.0M (2.90%)

# 385 Rakesh Mittal 

$7.55B

Real Time Net Worth
as of 11/23/2024
$219.0M (2.90%)
OccupationNon-executive Director, Bharti Airtel
Source of WealthTelecom
Age69
ResidenceDelhi, India
Marital StatusMarried
EducationBS, Punjab University
Age-Adjusted Net Worth$4.11B
Rakesh Mittal
Rakesh Mittal
India
Net worth: $7.55B

Self-Made Score 

TAG Heuer Formula 1 Chronograph

Biography

Overview

Rakesh Mittal is a non-executive director of Bharti Airtel, one of India's largest mobile phone operators, known for its innovative strategies and expansive reach across South Asia and Africa.
Bharti Airtel, founded by Rakesh Mittal's brother Sunil Mittal, is recognized for its pioneering role in the Indian telecom industry, introducing affordable mobile services and innovative solutions.

Early Life and Education

Rakesh Mittal was born into the Mittal family in India.
He pursued his education in India, although specific details about his educational background are not widely available.

Career Highlights

Rakesh Mittal's career trajectory aligns closely with the growth and expansion of Bharti Airtel, where he serves as a non-executive director.
Bharti Airtel, under his brother's leadership, became the second largest mobile network operator in India and the world, offering 5G, 4G, and LTE Advanced services.
His involvement in Bharti Airtel includes strategic decisions and investments, such as the $1 billion investment from Google and the merger agreement with Eutelsat involving U.K. satellite provider OneWeb.

Key Contributions

Bharti Airtel, guided by the Mittal family, pioneered strategic management practices in outsourcing, leading to the 'minutes factory' model of low-cost, high-volume operations.
Their partnerships with global companies like Ericsson, Huawei, and Nokia Networks ensured efficient equipment provision and maintenance.
Rakesh Mittal played a role in expanding Bharti Airtel's network across India and internationally, including acquisitions in Sri Lanka, Africa, and strategic tie-ups with companies like Walmart.

Notable Achievements

Rakesh Mittal, through Bharti Airtel, achieved significant milestones such as being the first Indian telecom company to cross the 2 million mobile subscriber mark and launching innovative services like 'Hello Tunes'.
Bharti Airtel's strategic negotiations, like the attempted acquisition of MTN Group and partnerships with Alcatel-Lucent for network infrastructure, demonstrate Mittal's vision for global expansion and technological advancement.

Rakesh Mittal's Wealth is Equivalent to:

5,809,854 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,428,004 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

77,132 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

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

If you started with $10,000 and invested an additional $500 each month at a 43.50% CAGR, it would take you 5 years to reach Rakesh Mittal's net worth of $7.55B.

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 61.02% compared to 25.82% for the S&P 500 benchmark.

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

Rakesh 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 Rakesh 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.

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Edited by: Lee Bailey