Key Points
Byju Raveendran, the founder of India's edtech giant Byju's, has experienced a dramatic fall from grace, with his net worth plummeting from 17,545 crore ($2.1 billion) to zero, according to the recently released Forbes Billionaire Index 2024..
Wang WenyinNet Worth: Less than $800 million (down from $19 billion)Source of Wealth: Real estateCitizenship: ChinaDetails: A Chinese court ordered a three-year freeze on Wangs stake in metals giant Amer Holding following contractual disputes, knocking him off the billionaires list.Rene.
BenkoNet Worth: $0 (down from $6 billion)Source of Wealth: Real estate, retailCitizenship: AustriaDetails: Benko lost billionaire status after his real estate firm Signa Holding filed for insolvency amid debt, with key subsidiaries also filing for insolvency.Hui.
Ka YanNet Worth: About $700 million (down from $3 billion)Source of Wealth: Real estateCitizenship: ChinaDetails: Huis property developer Evergrande Group faced fines and liquidation, leading to a sharp decline in his net worth.Osman KibarNet Worth: About $750 million (down from $1.7 billion)Source of Wealth: BiotechCitizenship: U.S.Details: The value of Kibars biotech business declined significantly, impacting his net worth.Gary LauderNet Worth: About $960 million (down from $1.3 billion)Source of Wealth: Este LauderCitizenship: U.S.Details: A drop in Este Lauders share price affected the fortunes of the Lauder family, including Gary Lauder.Luc TackNet Worth: Less than $900 million (down from $1.2 billion)Source of Wealth: Textile, chemicalsCitizenship: BelgiumDetails: Tacks company faced challenges amid decreasing demand, leading to a decline in his net worth.Ryan Breslow..
Net Worth: Less than $100 million (down from $1.1 billion)Source of Wealth: E-commerce softwareCitizenship: U.S.Details: Breslows company, Bolt, experienced a significant decrease in value, resulting in his loss of billionaire status..
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