Rakesh Mittal
$9.5B
Born
Sep 18, 1955
Age
70
Source of Wealth
Telecom
Residence
Delhi,
Citizenship
India
Marital Status
Married
Children
0
Education
Bachelor of Arts/Science, Punjab University
- Rakesh Mittal is a non-executive director of Bharti Airtel, one of India's largest mobile phone operators. It has more than 500 million customers across South Asia and Africa.
- Airtel, which has SingTel as its partner, competes with Mukesh Ambani's Reliance Jio and Kumar Birla's Vodafone Idea.
- In 2022, Google announced a $1 billion investment in Bharti Airtel,of which $700 million would be for a minority stake in the company.
- Their Bharti Global, run by his nephew Shravin, had invested in U.K. satellite provider OneWeb. In 2022, they agreed to merge it with Eutelsat in a deal that valued OneWeb at $3.4 billion.
- In March 2024, Indian-American billionaire investor Rajiv Jain's GQG Partners bought a $713 million stake in Bharti Airtel from SingTel.
- Bharti was set up in 1976 as a maker of bicycle parts.
- Mittal and his two siblings have pledged $1.1 billion to their charitable foundation, mainly to set up a new university to provide free education for the poor.
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