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India's 40 Richest
Naazneen Karmali, 11.12.08, 10:00 PM ESTThe global financial crisis has hit the subcontinent hard--the wealthiest Indians are worth 60% less than a year ago.
These are painful times for India's richest as the
ongoing global turmoil drastically reshapes their fortunes. The
country's once soaring stock market fell 48% in the 12 months, the
rupee depreciated 24% against the dollar and gross domestic product
growth is expected to slow down to 7.5%, partly owing to double-digit
inflation. All of this conspired to knock 60% off the combined fortunes
of the nation's 40 wealthiest. Their total net worth fell $212 billion,
to $139 billion, down from $351 billion a year ago
In Pictures: India's Richest
The Patient Billionaire
The Party Is Over
In Pictures: India's Richest
Sort List
Rank | Name | Net Worth | Age | City
Featured
Sun Shines
Naazneen Karmali
Low-key Dilip Shanghvi has built India's most valuable drug company by
taking measured risks and picking his fights carefully. The Patient Billionaire
Richard C. Morais
Sixty-five years after his grandfather bought 3,500 acres in Mumbai, Adi Godrej is finally ready to develop it. The Party Is Over
Naazneen Karmali
Vijay Mallya styles himself the king of good times, but can't be enjoying plummeting net worth.
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