Create an Account

Its Free and always will be!

Sign up or login with your social accounts
Birthday
Day

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.

Billionaire

Sector

Net Worth

YTD Change

Gautam Adani

Industrial

$6.75B

-$3.63B

Dilip Shangvi

Health

$9.34B

-$3.48B

Azim Premji

Technology

$14.7B

-$3.22B

Mukesh Ambani

Energy

$37.4B

-$2.83B

Kumar Birla

Industrial

$6.83B

-$2.24B

KP Singh

Real Estate

$4.79B

-$1.65B

 

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.

Rate this blog entry:
The Most Common Myths And Misconceptions About Sto...
Essentials of Purchasing Health Insurance for Wome...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Thursday, 23 May 2019

Captcha Image

Popular Investing Books

Robert J. Shiller
John Allen Paulos
Saurabh Mukherjea
David Clark
Roger Lowenstein
George S. Clason

Search Blogs

Most Popular Authors

Top 100 Investment Blogs

Reduce your Brokerage by 100%!!

 167 members logged in


Be a Smart & Well Informed Investor!
Join Today its Free.
Register or Login with just one Click using your Social Account