Divyank Turakhia Net Worth: Biography, Education, Family and More
Divyank Turakhia, an Indian billionaire programmer, entrepreneur, and investor, gained fame for co-founding Media.net, a company he sold in 2016 for $900 million to a Chinese consortium.
Early Life and Education
Born on January 29, 1982, in Mumbai, India, Divyank Turakhia attended Arya Vidya Mandir for his schooling. His passion for coding emerged early, and he began coding at the age of eight. Despite his academic pursuits, he spent most of his time in the computer lab, showcasing his keen interest in technology. Turakhia’s entrepreneurial journey commenced at 13 when he started selling computer projects to his peers and offering internet consulting services to corporate firms.
Family Background
Hailing from a middle-class Jain family in Juhu, Mumbai, Turakhia’s father worked as a chartered accountant, while his mother was a homemaker. He has an elder brother named Bhavin Turakhia, who also ventured into entrepreneurship.
Career Ventures
Turakhia, along with his brother Bhavin, founded their first company, Directi, a web-hosting firm. Subsequently, they launched Bigrock, with Directi as its parent company. Over time, they expanded their ventures, establishing more than ten companies under Directi. Additionally, they founded Media.net, which Turakhia later sold to a Chinese consortium.
Achievements and Recognitions
Turakhia’s entrepreneurial acumen earned him several accolades. He ranked among the youngest Indian billionaires and featured in various prestigious lists, including the Forbes list of India’s richest people and the IIFL Wealth and Hurun India 40 & Under Self-Made Rich List.
Personal Life
Turakhia, unmarried, has been open about his relationships in interviews, expressing a desire to marry someday. He follows Jainism and is known for his passion for aerobatics, earning him the nickname “thrillionaire.”
Awards, Honors and Achievements
In 2020, he secured the 2nd position in the IIFL Wealth and Hurun India 40 & Under Self-Made Rich List. Additionally, he attained the 9th rank in India’s Richest Tech Billionaires by the IIFL Hurun Rich List during the same year.
For three consecutive years, from 2016 to 2018, he held the title of the Youngest Indian Billionaire.
In 2017, he was recognized as the Youngest self-made Gulf billionaire. Moreover, he claimed the 27th spot in the Global 40 Under 40 Self-made Rich List and was honored among the 40 Most Influential Indians Under 40 by AsiaOne.
His accomplishments in 2016 included securing the 95th position on the Forbes list of India’s 100 Richest People. He was also bestowed with The ET Panache Trendsetter Award at The Economic Times Award in the same year and earned the title of Most Respected Indian Entrepreneur, according to the Hurun Report.
In 2010, he received the “Winning Warrior” title from Bloomberg Television, and in 2008, he was recognized as one of the Enterprise Twenty20: 20 new business leaders in their 20s by the Financial Express.
Furthermore, his prowess was acknowledged early in his career when he was named among Asia’s Best Entrepreneurs Under 25 by BusinessWeek Magazine in 2006.
Car Collection and Net Worth
With a net worth estimated at INR 12,500 Crores as of 2024, Turakhia’s success is evident in his lifestyle, including his car collection spanning multiple luxury vehicles like Ferrari, Rolls Royce, and Audi.
Trivia
Turakhia divides his time between his homes in Dubai, Los Angeles, London, and San Francisco, indulging in his passion for aerobatics by owning aircraft like the Cessna172 and Cirrus SR22.
