India's Richest Getting Poorer
By siliconindia   |   Saturday, 05 November 2011, 00:11 IST   |    9 Comments
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Anil Ambani Anil Ambani can be called as the biggest loser. Anil is now worth $5.9 billion, down from $13.3 billion last year. His Reliance Group companies have been some of the worst performers on the Mumbai bourse this year. A major drag for Ambani has been telecom firm Reliance Communications, which has $7.5 billion in debt and has so far failed in efforts to ease debt and raise money. Shashi and Ravi Ruia The brothers jointly own and manage the Essar Group. Ravi Ruia is also a recipient of the Business India Businessman of the Year Award 2010. Together these men are the 4th richest businessmen in India, and the 40th richest in the world according to Forbes, the renowned billionaires list creators, with a net worth of $15 billion in May 2010. But they saw a nearly $5 billion drop in their net worth and now they are estimated to be worth $10.2 billion.

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