The world’s wealthiest entrepreneurs have sustained dramatic losses as the financial freeze travels eastwards. Indian billionaires Anil Ambani, Mukesh Ambani and Lakshmi Mittal are the latest tycoons to be severely affected, reportedly losing billions of dollars.
Chairman and CEO of the Reliance ADA Group, Anil Ambani was revealed to have sustained the biggest losses of any person included on the 2009 Forbes World Billionaire List: US$31.9 billion over the past 12 months.
49-year-old Anil, who runs the telecoms and finance arms of the former Reliance Group, was last year’s biggest gainer. His fortune is now valued at US10.1 billion, which moves him from number six to number 34 on the Forbes list.
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