Mumbai: With the Covid-19 pandemic having brought the world to a standstill and resulted in an economic slowdown worldwide, it’s hard to find anyone who hasn’t felt the pinch. Even billionaires haven’t been spared.
As per the Forbes Billionaires List 2020, the combined net worth of billionaires across the globe has dropped from $8.7 trillion last year to $8 trillion.
Talking of Indian billionaires, the decline in consumer demand has brought down the number of super rich businessmen/industrialists to 102 from 106 in 2019. And their net collective worth has fallen by 23 per cent to $313 billion, according to Forbes.
Reliance Industries’ Chairman Mukesh Ambani remains numero uno among Indians, with a net worth of $36.8 billion. Founder of DMart supermarkets chain Radhakishan Damani ($13.8 billion) is No. 2 and HCL Group co-founder Shiv Nadar is at the third spot.
There is a new Indian entrant in Forbes’ global rich list founder of BYJU’s, Byju Raveendran. His net worth has been estimated at $1.8 billion, making former maths teacher Raveendran India’s youngest billionaire on the coveted list.
Bargarh: A new artist will be selected to play the mythological character King Kansa during…
Mumbai: Suhana Khan will be making her Bollywood debut with ‘King’ along with her superstar…
New Delhi: After Diljit Dosanjh called out the double standards of Telangana government for banning…
New Delhi: Recent actions and counter-actions in the Russia-Ukraine conflict have pushed the world to the…
Balangir: Three persons were arrested and fake IPS officers’ uniforms along with fake identity cards…
Mumbai: Abhishek Bachchan’s highly-anticipated film ‘I Want To Talk’ released in theatres on Friday, and the…
New Delhi: Accused of giving cash to secure votes ahead of election day in Maharashtra,…
Bhubaneswar: Chief Minister Mohan Charan Majhi attended the ‘Odisha State Day Celebrations’ at the 43rd…