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Halafi Mengedi
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Posts: 47515
Joined: 30 May 2010, 23:04

India’s richest man lost $300 million a day in the past two months due to coronavirus

Post by Halafi Mengedi » 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.