Copyright Business Insider
This week's First Trade MVP is Ravi Jaipuria, the founder and chairman of RJ Corp., an India-based conglomerate that spans food, beverage, healthcare, and education. The majority of his net worth comes from the subsidiary Varun Beverages, which is a PepsiCo franchisee that has more than 1 billion customers. Varun Beverages (and therefore Jaipuria) got a big boost from third-quarter earnings on Wednesday. The company reported revenue, net income, and EPS that handily beat analyst estimates, which sent shares up 9% in a single session. Other highlights of the report included the company's interest in expanding into alcoholic beverages, as well as an exclusive distribution pact with Carlsberg. The 9% share spike pushed Jaipuria's net worth to $13.7 billion, up from $12.5 billion at Tuesday's close, according to data compiled by Bloomberg and Forbes. He currently sits as the 206th-richest person in the world.
