India’s richest man lost $300 million a day in the past two months due to coronavirus
Posted: 06 Apr 2020, 16:37
Coronavirus has substantially wiped out the personal wealth of India's rich. Ritesh Agarwal of hospitality group Oyo, for instance, fell out of the global dollar-billionaires club after his company's valuation reportedly dropped to around $6 billion from $10 billion in the two months ending March 31, 2020, according to data from Shanghai-based Hurun Research. The 26-year-old Oyo founder and CEO was named the world's second-youngest billionaire (Rs8,362 crore or $1.1 billion) by Hurun earlier this year.