Wealth Erosion of India's Top 10 business houses

Recently financial crisis which caused stock market free fall in all the stock markets throughout the World. Indian Stock market is considered to be worst Asian performer in this financial mayhem. On friday 17-10-2008, India's top business houses lost about whopping 139Bn$ of market capitalization, when compared to their market capitalization on January 2008.

Worst Performers :

1 .Anil Ambani : Loss around 32Bn$, erosion of his wealth by whopping 70%.

2. Mukesh Ambani : Current net worth 22bn$, lost about 54% wealth in this financial mayhem.

3. Sunil Bharti Mittal : His stake in Airtel is valued at about 12bn$, and he lost about 30%.

4. K P Singh : DLF promoter saw is state is just now 1/4 of what it was in the starting of the year. His current stake is roughly around 9bn$.

This figures really showed how bear is looming over stock markets in India.

Thanks&Regards,
Mohit