“There are four Indians—Anil Ambani, Lakshmi Mittal, K P Singh and Mukesh Ambani—among the 10 biggest losers of wealth globally—who are the same four Indians ranked among the 10 richest of the world last year.

Globally, 656 billionaires took a hit on their net worth, against only 44 adding to their wealth during the year. The total billionaire wealth has shrunk to $2.4 trillion, from $4.4 trillion last year.

“Out of total 25 richest Indians, only Malvinder and Shivinder Singh saw their net worth rise.

As many as 29 Indians have lost their billionaire status, while the net worth of the remaining ones has more than halved to just over $100 billion.

“Last year’s biggest billionaire gainer is this year’s biggest loser. His (Anil Ambani’s) fortune is down from $32 billion as shares in his Reliance Communications fell by two-third..”

From India Journal.