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Billionaires who have just lost in billions

Six of the Top 20 billionaires of India have together witnessed a loss of around $18.64 billion in net worth of $87.54 billion in 2018. Among the top losers has been Gautam Adani whose net worth has dropped $3.68 billion to $6.75 billion. The Adani Group is one of India’s leading houses started out as a commodity trading business 30 years ago.  Second in the list is Dilip Shanghvi one of India’s billionaire businessman and founder and Managing Director of Sun Pharmaceuticals who has just seen a sharp loss in his fortunes when his net worth declined to $3.63 billion to $6.75 billion due to a 21 percent drop in the shares of Sun Pharmaceuticals.


The third largest IT firm suffered a loss of $3.22 billion in its net worth when its stock is down 16 percent YTD. Well, the Azim Premji must have seen that coming when the company has been fighting to log orderly growth due to ramping down of its accounts and continuing slippage in its traditional business.



Net Worth

YTD Change

Gautam Adani




Dilip Shangvi




Azim Premji




Mukesh Ambani




Kumar Birla




KP Singh

Real Estate




Even the energy giant and the 21st richest person on the planet Mukesh Ambani also suffered a loss of $2.83B in its net worth of $37.4B. The down is not just limited to the RIL but other Ambani-promoted company and two listed media firms whose shares are also down too. Fifth on the list is Kumar Mangalam Birla of Aditya Birla Group who has just seen a drop of $2.24B to its net worth of $6.83B and the eight of Birla’s listed firms suffered a 19.72 percent decline in their combined market value of Rs 2,19,904 crore from Rs 2,73,932 crore at the end of last year.

The richest real estate tycoon KP Singh fall under the same category of billionaires who recently lost in billions when the shares of DLF,  have dropped 25 percent and net worth of KP Singh dropped by $1.65B to $4.79B in the stock market.

Hope, India’s biggest leaders in their respective segments will work out on their business plan and stay positive to seek a new high.

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