Mumbai: Bharat Jain, often referred to as the world’s richest beggar, has accumulated a net worth of ₹7.5 crore through begging on Mumbai's busy streets. Despite achieving financial stability, Jain continues begging, a practice he claims to enjoy.
Jain, 52, has been begging for over 40 years, earning an average daily income of ₹2,000 to ₹2,500 by spending 10-12 hours at key locations like Chhatrapati Shivaji Maharaj Terminus and Azad Maidan. His monthly income from begging ranges between ₹60,000 and ₹75,000, surpassing that of many salaried professionals.
In addition to his earnings, Jain has made prudent investments. He owns two apartments in Mumbai valued at ₹1.4 crore, where he resides with his family, and two shops in Thane, which generate ₹30,000 in monthly rental income. His sons, who attended a reputed convent school, now assist with the family’s stationery business, adding another stream of income.
Jain’s family, including his wife, two sons, father, and brother, reportedly disapprove of his decision to continue begging. However, Jain insists that he enjoys the activity, stating, “I’m not greedy. I’m generous.” He also donates to temples regularly.
Jain's story sheds light on India’s expansive begging industry, valued at an estimated ₹1.5 lakh crore. Similar cases include Sambhaji Kale, with a net worth of ₹1.5 crore, and Laxmi Das, with ₹1 crore.
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Kolkata (PTI): Dr. Vece Paes, a member of the 1972 Munich Olympic Games bronze-winning Indian hockey team and father of legendary tennis player Leander Paes, died here on Thursday morning. He was 80 years old.
Paes, who was suffering from advanced stage of Parkinson's disease, was admitted to a city hospital on Tuesday morning.
Paes, who donned multiple hats in his long association with Indian sports, was a midfielder in the Indian hockey team. He also played several sports such as football, cricket and rugby and served as the president of the Indian Rugby Football Union from 1996 to 2002.
A sports medicine doctor, he worked as a medical consultant with several sports bodies including the Asian Cricket Council, the Board of Control for Cricket in India and the Indian Davis Cup team.