Meet 'world's richest beggar' who has net worth of over $1 million

11:23 PM | 13 Jul, 2023
Meet 'world's richest beggar' who has net worth of over $1 million
Source: Brijesh Nirmal (Unsplash)

Who knew begging on streets could actually make you a certified millionaire?

Apparently, an Indian man who spends his days begging on Mumbai's streets for pocket change has been dubbed as the ‘world’s richest beggar.’ The million-dollar beggar claims to be worth over $1 million, according to Indian media portals.

At times where the economy is fluctuating, pushing people to make a few hundred rupees per day, Bharat Jain, reportedly makes between 2,000 and 2,500 INR per day by begging generous people.

Although begging became his profession, Jain has been strategic and is usually found at busy Mumbai locations like Chhatrapati Shivaji Maharaj Terminus railway station (CSMT) or Azad Maidan. 

His net worth is expected to be around 7.5 crore ($1 million), and includes a 2-bedroom flat in Mumbai worth 1.2 crore, and two shops in Thane that rent for 30,000 rupees per month. His monthly income is estimated to between 60,000 rupees ($731) and 75,000 rupees ($914), which is apparently a lot more than most employed Indians earn, media outlets suggest.

According to the Economic Times, Jain did not pursue any formal education and resorted to begging to earn a living. His children did not follow in his footsteps and completed education from convent schools and are employed.

Despite having accumulated enough to live a comfortable life, Jain did not give up his profession although his family has requested him many times.

The writer is a staff member.


Currency Rates in Pakistan - Pak Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 25 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 25, 2024 (Tuesday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.5 for buying and 280.65 for selling.

Euro's buying rate stands at 293.5 and selling rate is 297.2 while British Pound rate is 348.5 for buying, and 351.45 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal at 72.95.

Currency Rates in Pakistan

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.65
Euro EUR 293.5 297.2
UK Pound Sterling GBP 348.5 351.45
U.A.E Dirham AED 75.05 75.85
Saudi Riyal SAR 72.95 73.85
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.58 748.58
Canadian Dollar CAD 203 205
China Yuan CNY 38.35 38.75
Danish Krone DKK 39.91 40.31
Hong Kong Dollar HKD 35.67 36.02
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.74 916.74
Malaysian Ringgit MYR 59.07 59.67
New Zealand Dollar NZD 170.38 172.38
Norwegians Krone NOK 26.38 26.68
Omani Riyal OMR 723.26 731.26
Qatari Riyal QAR 76.5 77.2
Singapore Dollar SGD 72.95 73.85
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 311.53 314.03
Thai Bhat THB 7.58 7.73


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