world's richest barber:Ramesh babu

Meet Ramesh Babu, the Billionaire Barber Who Owns 400+ Cars, Including BMWs, Jaguars & a Rolls Royce:

 

His enviable fleet of luxury cars-on-rent, and his incredible story of success and determination has earned Ramesh the title of Billionaire Barber.

Born and raised in Bengaluru, Ramesh lost his father at an early age, in the year 1979, and found his family mired in conflict and poverty. “My father left a saloon in Brigade Road. My uncle took care of it and paid us ₹5 each day,” the entrepreneur recalls. Those early years weren’t easy, as Ramesh, his mother, grandmother and siblings struggled for even basic essentials like food and clothing

Ramesh stepped into business with no resources except the determination to succeed. He used family savings to renovate the saloon and roped in two workers to run the place.

Running the business wasn’t easy, as Ramesh dealt with multiple commitments and workers who rarely turned up at the saloon on time. It took three months of perseverance when a chance visit turned Ramesh towards hairstyling himself.

“I always wanted to buy a car,” says Ramesh, adding that his first vehicle — a Maruti van — was intended for personal use. To get a loan, he had to take his grandfather’s help and raise a mortgage on the family house.

The purchase came with steep EMIs and Ramesh began to rent out his car to raise the amount. “I’d sit in my saloon and customers would often take the car on rent,” he says. He received his first business contract from Intel, through a family for whom his mother worked since he was a child.

As he slowly but steadily gathered a sizeable customer base, Ramesh realised the potential of operating a high-end automobile rental service and began to build a fleet of cars.