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 Forbe
s 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.