What is Ravi Jaipuria’s Net Worth?
Ravi Jaipuria, an Indian billionaire and the chairman of RJ Corp, has an estimate net worth of around $16.9 billion, placing him among the top ten richest individuals in India. This substantial fortune is primarily derived from his leadership roles in Varun Beverages and Devyani International, two major companies under the RJ Corp umbrella.
Varun Beverages, one of PepsiCo’s largest bottling partners outside the United States, has been a significant contributor to Jaipuria’s wealth. The company has seen remarkable growth, with its shares increasing 18 times since its initial public offering (IPO) in 2016. This growth has been driven by strategic expansions, including recent acquisitions in the South African market.
Devyani International, another key player in Jaipuria’s portfolio, operates numerous international food and beverage outlets, including KFC, Pizza Hut, and Costa Coffee. The company’s successful IPO in 2021 and its subsequent performance in the market have also played a crucial role in enhancing Jaipuria’s financial standing.
Here’s the breakdown of Ravi Jaipuria’s net worth:
Name: | Ravi Jaipuria |
Net Worth: | $16.9 Billion |
Date of Birth: | 1953 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Ravi Jaipuria was born in 1953 into a Marwari Hindu family in India. His father, Chunilal Jaipuria, was involved in the textile trade and co-founded the Bank of Rajasthan.
Jaipuria completed his early education in India before pursuing higher studies in the United States, where he obtained a degree in business management from New York.
After his studies, he initially settled in Montreal, Canada, where he established a textile and real estate business.
Career
Jaipuria’s career in the beverage industry began in 1985 when he returned to India following the tragic death of his first wife in a plane crash. He joined the family business as a bottler for Pepsi-Cola. In 1987, following a family division, Jaipuria received one bottling plant as his share. This became the foundation for Varun Beverages, which he founded in 1990.
Over the years, Jaipuria expanded his business empire significantly. He founded RJ Corp in 1992, a diversified conglomerate with interests in beverages, fast food, healthcare, education, and hospitality.
Under RJ Corp, he manages Varun Beverages, which has become PepsiCo’s largest bottling partner outside the United States, and Devyani International, India’s largest franchisee of Yum! Brands.
Personal Life
Ravi Jaipuria is married to Dhara Jaipuria, his second wife. He has two children: a son named Varun and a daughter named Devyani. His son, Varun Jaipuria, serves as the Executive Director of RJ Corp, while his daughter, Ruchira Jaipuria, is also involved in the family business.
Despite his immense wealth and business success, Jaipuria is known for maintaining a low profile and leading a private personal life.
Recognition
Ravi Jaipuria’s business acumen and success have earned him numerous accolades over the years. In 1997, he was awarded the prestigious “International Bottler of the Year” award by PepsiCo, becoming the only Indian bottler to receive this honor.
The award was presented by Donald M. Kendall, founder of PepsiCo Inc., in the presence of George H.W. Bush, the 41st President of the United States.
Jaipuria has consistently ranked among India’s wealthiest individuals. He has appeared on Forbes’ India Rich List multiple times, ranking #83 in 2016, #73 in 2015, #60 in 2014, and #47 in 2013.
In 2018, he was awarded the ‘Distinguished Entrepreneurship Award’ at the PHD Chamber Annual Awards for Excellence.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
