In the midst of the chaos of Chhatrapati Shivaji Maharaj Terminus and Azad Maidan, in the heart of Mumbai’s bustling streets, one man stands out – not because he asks for money, but because of the wealth he has quietly amassed. For. Regarded as the world’s richest beggars, Bharat Jains have turned this lifestyle into incredible financial success, owning real estate and earning more than many traditional jobs offer.
Bharat Jain was not born with a silver spoon and his family used to struggle financially. They barely had enough money to put food on a plate and maintain a roof over their heads. As a result, Bharat never received any real education. However, Bharat has changed his fortunes and now, according to reports, he has a net worth of Rs 7.5 billion, which includes multiple properties and income, which may possibly be more than the average office worker.
Begging has been the Jain’s main source of income for 40 years. According to the report, the average daily income is between ₹2,000 and ₹2,500, depending on the location and the kindness of passersby. Jain works 10 to 12 hours a day without a break and earns a monthly salary of 60,000 to 75,000 yen.
Apart from begging, Bharat took many good financial decisions which further improved his financial position. Jain owns two apartments in Mumbai worth Rs 1.4 crore, where he lives with his wife, two sons, father and younger brother. He also owns two shops in Thane and earns rental income of ₹30,000 per month. These investments allowed him to support his family and even ensure the future security of his children.
The two Jain sons studied at a famous monastery school, completed their education, and are now helping in the family business. The Jain family runs a stationery shop to further supplement their income. Despite being financially stable, Jain’s family does not always approve of his decision to continue begging. However, he stands by his choice, stating, “I enjoy begging and I don’t want to give it up.”
In an interview with the Economic Times, Bharat Jain said: I’m generous. ” He also said that he often goes to temples and donates money. The story of Jainism is not unique. India’s begging industry is huge, estimated to be worth Rs 1.5 billion. Many other beggars have also amassed considerable wealth through begging, including Sambhaji Kher, who has a net worth of Rs 1.5 billion, and Lakshmi Das, who has a net worth of Rs 1 billion.
