Few days back I got a phone call from my friend and he told me that he lost 300,000 Rupees in share market in last one month. I said to him don’t worry, see top 10 Indian business tycoons, they have lost 139 billion US dollars. All these losses whether for small investors like my friend and giants like Mukesh, Anil, K. P Singh etc is due to recent economic crisis or better say economic depression. According to Economic Times, this amount is equivalent to around 16% of India’s gross domestic product(GDP) and more than the combined GDP of Uttar Pradesh and Maharashtra. Actually, India’s top billionaires have lost more than 60% of their wealth since January 2008.

Now India’s top 10 business houses are now worth $84 billion (Rs 4.1 lakh crore) compared with $223 billion (over Rs 10 lakh crore) in January 2008.

So who all are biggest losers?

* Anil Ambani’s total wealth is now worth $12.9 billion against $45.1 billion in January this year.
* Mukesh lost 54% of his money.
* Unitech’s Ramesh Chandra lost 85%.
* DLF’s chief K. P Singh has now only $ 9 billion against $35 in January 2008.
* Bharti Airtel’s Sunil Mittal lost 31% money.

If you have already invested in share market, mutual funds etc and lost a good amount of money then these figures will give you some relief and you will start thinking that you are the only loser.

7:01 AM
Categories: General Info, India. Author: SacHu