Al Bilad newspaper Pearl Kapoor is India’s youngest billionaire – 2024-02-11 22:24:09

Zyber 365 co-founder and CEO Pearl Kapoor has been named India’s youngest billionaire with a net worth of $1.2 billion according to Indian newspaper The Economic Times.

Kapoor attributes his wealth to his 90 percent stake in Zyber 365, which has achieved sky-high status in just three months, at a time when Mukesh Ambani, Chairman of Reliance Industries, remains the richest person in India and the 11th richest in the world, with a net worth of $108 billion, according to the Bloomberg Billionaires Index, and the index showed that billionaire Gautam Adani is the second richest Indian on the list, and is ranked 13th in the world with a personal worth of $99.1 billion, and comes Shapoor Mistry, a billionaire businessman who controls the engineering and construction group Shapoorji Pallonji, Shiv Nadar, founder and chairman of IT company HCL, is equally the third Indian with fortunes of $38.4 billion and $37.4 billion respectively according to Bloomberg.

Kapoor launched Zyber 365 in May 2023. The company is based in London and runs operations from Ahmedabad, in the western Indian state of Gujarat. It provides a decentralized and cybernetic operating system, which adheres to the principles of environmental sustainability. UK-based SRAM & MRAM acquired an 8.3% stake Cent raised the startup at $100 million during a funding round last July that currently values ​​it at $1.2 billion. The funding made Zyber 365 “India and Asia’s fastest growing startup in just three months,” the company said at the time.

Young billionaire Pearl Kapoor is a graduate of Queen Mary University of London and has a Master of Science degree in Investment Banking.

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