Evan Luthra rose to fame in 2014 after he was featured on the TV show ‘Rich Kids of Instagram’ which was viewed by more than 100 million people across the globe.
He continues to splash his cash on luxury holidays, yacht parties and in 2022 even spent £2.2 million on NFTs just to “flex”.
But what is the story behind Luthra?
Who is Evan Luthra?
Evan Luthra was born in 1995 in New Delhi, India.
At the age of 12, he built an online website where he published technology-related news, which quickly grew to 250,000 monthly readers.
Luthra then ventured into mobile app development and claims to have made his fortune by creating and then selling apps.
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In 2010, he founded EL Group International, which designed and developed mobile applications.
The company has worked with world-renowned corporations such as Google, Unilever, CitiGroup, Audi, as well as startups like ChillApp, Floqker, Zuntik, and RemedyForGlass.
Evan Luthra said: “I was bitten by the ‘digital bug’ aged around 12 when I started playing around on the computers in my dad’s call centre in India.
“I bought 200 computers and I pushed the machines to the limits by building microcomputers, really hitting the processor hard and trying new programs.
“I started taking them apart to learn how they worked then I began looking into code.”
As Luthra started to grow his business, he received a call from the late CEO of Apple, Steve Jobs who reached out to the then “starstruck” teenager to give him advice on Apple’s app store.
He said: “I was young and from India and didn’t have that much experience at the time and here I was, talking to Steve Jobs.
“He had a group call with all the early developers and asked us for feedback and what we thought about the app store. He also shared some advice with us for our businesses.”
“A lot of people doubted me and said I wouldn’t do well but when my company sold for seven figures, I got my revenge.”
Two years later, Luthra sold his company – which had developed more than 30 apps – for several million, aged just 17.
Luthra said: “A lot of people doubted me and said I wouldn’t do well but when my company sold for seven figures, I got my revenge.”
In 2014, Luthra then founded the Startup Studio Incubator Fund, which helps non-tech entrepreneurs launch new companies from scratch.
Luthra claims to have helped over 300 companies in the last five years, with a combined market cap of over $100 billion.
Luthra is also regarded as a blockchain expert and has received an honorary PhD in blockchain.
Luthra has launched blockchain schools and coworking spaces across the globe and has spoken at more than 100 blockchain events.
Since 2019, Luthra has been a member of the Forbes Technology Council, where he contributes guest posts on how technology is swiftly transforming the world.
Luthra has been featured in multiple documentaries including The New Maharajas on Al Jazeera in the UAE, Capitole on M6 in France, Good Morning America on ABC News, and Laureen! in the Netherlands.
He’s also a sought-after public speaker.
What is Evan Luthra’s net worth?
Evan Luthra is believed to have a net worth of around $5 million.
Luthra is an accredited angel investor and has put his money into several businesses. Success stories include Snapchat, Eaze.com, Wheelys Cafe, among others.
Luthra likes to spend his money extravagantly on yacht parties, luxury properties and expensive cars.
The influencer, who has more than 2 million Instagram followers also purchased an NFT worth £2.2 million – calling the digital art the “new Rolex” for wealthy people.