News > With Ola Electric IPO, boss Bhavish Aggarwal vrooms into billionaire club

With Ola Electric IPO, boss Bhavish Aggarwal vrooms into billionaire club

09/08/2024 08:09 PM | Click to read full article

With the public listing of Ola Electric, its founder and CMD Bhavish Aggarwal has cemented his position as one of the world’s youngest billionaires. 38-year-old Aggarwal, who held 1,36,18,75,240 shares, or 36.94 per cent stake, pre-listing of SoftBank Group Corp.-backed Ola Electric, added $1.4 billion (Rs 140 crore) to his wealth after the shares made its trading debut. With this, the entrepreneur’s net worth jumped to $2.6 billion.

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