INDIA (DUNYA NEWS) – An Indian man who spends his days asking people for pocket change on the streets of Mumbai, India has been dubbed the ‘world’s richest beggar’ by Indian media who claims he is worth over USD1 million.
While many people in India toil long hours every single day for a few hundred rupees, Bharat Jain, the so-called ‘world’s richest beggar’, reportedly makes between INR2,000 and INR2,500 every day by asking generous people for handouts.
Jain has been begging at busy Mumbai locations like Chhatrapati Shivaji Maharaj Terminal railway station (CSMT) or Azad Maidan for many years now and has accumulated quite a fortune.
His net worth is expected to be around 7.5 crore (USD1 million), and includes a two-bedroom flat in Mumbai worth 1.2 crore, and two shops in Thane that rent for INR30,000 per month.
His monthly income is estimated to vary between INR60,000 (USD731) and INR75,000 (USD914), which is apparently a lot more than most employed Indians earn.
According to the Economic Times, Bharat Jain did not afford to pursue any formal education and resorted to begging to earn a living.
His kids, on the other hand, will not be following in his footsteps. They have already completed their education in convent schools and are already employed.
Jain’s family constantly advises him to stop begging as they can afford to live comfortably without it, but he continues to hit the streets almost every day.
