Processing .....please wait.. 
The article has been forwarded.... 
India's Richest Getting Poorer
By siliconindia
|
Saturday, 05 November 2011, 00:08 IST |
9 Comments
Bangalore: According to the Forbes list, India's richest are getting poorer because of falling share prices, the economic slowdown and corruption scandals. According to the list the combined wealth of India's richest 100 people fell to $241 billion in 2011, which includes 57 dollar billionaires, a dozen less than a year earlier.
Here is the list of Indian billionaires who are getting poorer
Mukesh Ambani
Mukesh Ambani, head of Reliance Industries, retained the top spot with a value of $22.6 billion, after a $4 billion drop in his net value. In the same period, Ambani completed construction of a 27-storey house in Mumbai, costing an estimated $1 billion. In 2010, he was named among the most powerful people in the world by Forbes in its list of "68 people who matter most".
Lakshmi Mittal
Lakshmi Mittal, one of the richest men in India, Asia and the UK, and second in Europe. He also presently serves as a board council member of the Prime Minister of India's Global Advisory Council of Overseas Indians. The steel tyccon, who made it to the top spot on Britain's rich list earlier this year, lost nearly $7 billion of his net worth this year. He came second in the list with a net worth of $19.2 billion.
