A single bet worth a whopping $2 billion catapulted IIT alumnus Karthik Sarma into one of India’s youngest billionaires.
48-year-old Karthik Sarma is one of the youngest self-made males in India. Despite his huge wealth and provoking success story, Sarma stays away from the limelight and isn’t a flamboyant billionaire. Having constructed his fortune within the US after leaving India with an IIT diploma, Sarma is thought for having an increase highlighted by what’s among the many most profitable bets in latest instances.
Sarma made as a lot as $2 billion from a single bet in 2021, almost a decade and a half after
starting his firm. He has made his identify as one of the world’s main hedge fund managers and instructions a net worth of almost Rs 24,000 crore ($2.9 billion) in 2023.
Sarma did his education in India after which did engineering from the distinguished Indian Institute of Technology (IIT), Madras. He then left for the US the place he pursued Masters in Science from Princeton University. He started his profession with the worldwide consulting MNC McKinsey & Company in 1998. He then joined Tiger Global Management the place he climbed the company ladder to turn out to be the Managing Director (MD).
In 2006, Sarma based SRS funding which in the present day manages a portfolio of round $10 billion (over Rs 82,600 crore) in the present day. In 2010, Sarma’s agency made an important bet shopping for automobile rental firm Avis’ inventory. The worth grew by 456 p.c in 11 years. Sarma turned a billionaire in 2022. Interestingly, at one level in his profession earlier than making it large, he was dubbed because the “most non-talented partner”.
