Oct 30, 2023, 01:15 PM IST
While Mukesh Ambani and Gautam Adani are at the top of their game, there are several Indian billionaires who lost their businesses and went bankrupt.
Here is a list of 7 Indian billionaires who declared bankrupcy and lost a massive chunk of their wealth.
Anil Ambani, once richer than his brother Mukesh Ambani, now has a debt of over Rs 40,000 crore and said his net worth is $0.
Café Coffee Day founder VG Siddhartha, once a successful billionaire, jumped off a bridge into a river after immense pressure from lenders and tax department.
Sahara India head Subrata Roy has to bid adieu to his luxury lifestyle after his company shut down and his legal dispute with SEBI, losing billions.
Billionaire and diamond trader Nirav Modi had his net worth in billions but is now a fugitive due to tax fraud and money laundering cases, defrauding PNB of Rs 28,000 crore.
Kingfisher head Vijay Mallya, who once owned IPL, is now a fugitive and owes over Rs 9000 crore.
Mehul Choksi owned over 4000 jewellery stores in India but now is accused of committed Rs 10000 crore fraud, and is deemed a fugitive.
Satyam Computers boss Ramalinga Raju, once a billionaire, stepped down after embezzling over Rs 7000 crore from his firm.