Top Industrial Czars Losers list in recession

Indian Business tycoons have lost most of their wealth and value in present US recession all because of Bearish markets all over the world, the effect of recession is now even felt on Tokyo Stock exchange (Japan - 2nd largest economy) and it fell a whopping 900 points on last friday.

see live Dow Jones(DJIA) rates

Below is the list of top losers in ongoing recession when compared to their personal worth on 11th january 2008 as on 10th october 2008, it can be noted that indian markets lost 2000 points in trading week of(6th october 2008 - 10th october 2008) seeDow Jones closing rates now.


1. MUKESH AMBANI -

Net worth: $47.9 billion (on January 11, 2008)

Net worth: $25.3 billion (on October 10, 2008)

Loss: $22.6 billion

Percentage change: 47.2%


2. RATAN TATA -


Net worth: $27.4 billion (on January 11, 2008)

Net worth: $13.8 billion (on October 10, 2008)

Loss: $13.6 billion

Percentage change: 49.5%


3. ANIL AMBANI -


Net worth: $44.2 billion (on January 11, 2008)

Net worth: $13.8 billion (on October 10, 2008)

Loss: $30.4 billion

Percentage change: 68.8%


4. SUNIL MITTAL -


Net worth: $17 billion (on January 11, 2008)

Net worth: $12.2 billion (on October 10, 2008)

Loss: $4.8 billion

Percentage change: 28.4%


5. KP SINGH -


Net worth: $36.8 billion (on January 11, 2008)

Net worth: $8.7 billion (on October 10, 2008)

Loss: $28.2 billion

Percentage change: 76.5%


6. AZIM PREMJI -


Net worth: $11.5 billion (on January 11, 2008)

Net worth: $6.3 billion (on October 10, 2008)

Loss: $5.3 billion

Percentage change: 45.7%


7. KUMAR MANGALAM BIRLA -


Net worth: $3.6 billion (on January 11, 2008)

Net worth: $2.3 billion (on October 10, 2008)

Loss: $1.3 billion

Percentage change: 35.5%


8. ANIL AGARWAL -


Net worth: $13.2 billion (on January 11, 2008)

Net worth: $4.2 billion (on October 10, 2008)

Loss: $9 billion

Percentage change: 67.9%


9. OP JINDAL -


Net worth: $7.1 billion (on January 11, 2008)

Net worth: $2.1 billion (on October 10, 2008)

Loss: $5 billion

Percentage change: 70.6%


10. RAMESH CHANDRA -


Net worth: $12.8 billion (on January 11, 2008)

Net worth: $2 billion (on October 10, 2008)

Loss: $10.8 billion

Percentage change: 84.1%