Jaipuria is the founder and chairman of RJ Corp, a conglomerate in India spanning food & beverage, healthcare and education. Its Gurugram-based subsidiary, Varun Beverages, is the second-largest international franchisee of PepsiCo outside the US and reported revenue of 86 billion Indian rupee ($1.2 billion) in 2021.
Ravi Jaipuria's net worth of $8.27B can buy ...
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The majority of Jaipuria's fortune is derived from his stake in Varun Beverages, the second-largest international franchisee of PepsiCo outside the US, according to a Bloomberg News report. He owns about 64% of the company, according to a Jan. 11, 2023 stock exchange filing.
Jaipuria holds the shares directly and through RJ Corp. All family-owned shares are attributed to him in the calculation to reflect his status as founder and chairman.
He owns a 63% stake in Devyani International, the largest franchisee of Yum Brands in India, according to an Oct. 21, 2022 filing. He also holds a 6% stake in Global Health, an Indian private hospital operator, through RJ Corp according to a Nov. 18, 2022 filing.
Other businesses within the RJ Corp group aren't included in the valuation because requisite details aren't known.
The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.
A spokesperson for the company didn't respond to a request for comment on the net worth calculation.
Jaipuria was born in 1954. He studied business management in New York before moving to Montreal.
He returned to India in 1985. In 1987, he founded RJ Corp after receiving part of the family's bottling business from his father.
Jaipuria became a franchisee of PepsiCo in 1991. He founded Devyani International in 1991 and later Varun Beverages in 1995. He became a franchisee of Yum Brands in 1997.
Varun Beverages began trading publicly in India in November 2016.
Devyani International went public in August 2021.