Asia Pacific, Billionaire, Financial, News

India Lost 11 Billionaires in 2016

India Lost 11 Billionaires in 2016

The “demonetisation” program cost the economy a few billionaires in 2016 as India lost 11 billionaires in 2016. India also dropped 1 spot to No. 4 on the Hurun Global Rich List, behind U.S, China and Germany.

“India’s richest man, Mukesh Ambani has the 29th largest fortune with estimated net worth of $26 billion.”

~ CNN

However, the Bloomberg Billionaires Index shows that the 18 Indians amongst the top 500 billionaires had a combined fortune of about $149 billion at the end 2016, slightly down from $151 billion in 2015. India’s richest man, Mukesh Ambani has the 29th largest fortune with estimated net worth of $26 billion.

Related Reports: CNN, Bloomberg

 


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