Indian billionaires shrink by half
So the economic meltdown is showing its impact in India also. As according to latest Forbes report, 27 Indians have been moved out of India’s billionaires club. Now we have only 27 billionaires as compared to 54 billionaires in 2007. In 2006, India had 36 billionaires. The honeymoon is over for Indian economy. Indian economy has really bad time. Stock market has fallen by 48 per cent in the 12 months, Indian rupee is depreciated by 24 % against the dollar and GDP(gross domestic product growth) is expected to decrease to 7.5 %. The combined wealth of India’s 40 wealthiest people slumped 60 % to $139 billion which was $351 billion a year ago.
Lakshmi Mittal of Mittal Steel has lost his top position to Mukesh Ambani of Reliance Industries Ltd. Anil Ambani is the third richest Indian. So the top ten richest Indians are
1. Mukesh Ambani; $20.8 billion
2. Lakshmi Mittal; $20.5 billion
3. Anil Ambani; $12.5 billion
4. Sunil Mittal; $7.9 billion
5. Kushal Pal Singh; $7.8 billion
6. Shashi & Ravi Ruia; $7.6 billion
7. Azim Premji; $7 billion
8. Kumar Birla; $5 billion
9. Adi Godrej; $4 billion
10. Gautam Adani; $3.9 billion
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