As a result of Flipkart’s value being continuously marked down, its founders Sachin and Binny Bansal have lost their billionaire status. They are among the 31 Indians who’ve fallen off the rich list, from which, eleven have fallen prey to demonetization. The list includes Gautam Thapar of Crompton Greaves, Nilima Motaparti of Divi’s Labs, Infosys’ Nandan Nilekani and Prathap C Reddy & family of Apollo Hospitals.

Twenty-seven new billionaires have been added to the list this year. Where Acharya Balakrishnaof Patanjali Ayurveda leads the list with his wealth of $3.6 billion, followed by Nadir B Godrej and Smitha V Crishna. Patym founder Vijay Shekhar Sharma also made it to the list with his $1.5 billion. His rankings could further improve since Alibaba bought bought over Reliance Capital’s 1% stake in the company for $41 million.

Thirty five year old Divyank Turakhia is the youngest Indian billionaire on the list, with wealth of $1.2 billion. Turakhia. He made his fortune after selling his company Media.net to a Chinese conglomerate at a valuation of $1 billion. Another new addition to the club is Jitendra Virwani of Embassy Property Development, his wealth valued at $1.29 billion. Mukesh Ambani retains his position as the richest Indian, with an estimated wealth of $26 billion. Ambani ranks 28 on Hurun’s Global Rich list, and is the only Indian in the top 50. Sun Pharma head Dilip Shanghvi ranked third on the list, with $14 billion. He ranks 74 on Hurun’s global list of billionaires.

In India, Mumbai is home to the highest number of billionaires, 42 of them, while Delhi finishes second with half the number, at 21. Ahmedabad finishes third with nine. With five billionaires, the Godrej Group contributes the highest number of billionaires, followed by Hero Honda and Asian Paints with three each.
With inputs from BS

 

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