This time, the wealth of many billionaires from the Forbes list has fallen below 0 billion dollars and their names have disappeared from this list of the rich. The name of Byju Ravindran, CEO of edtech company Byju’s, is also included in this. The net worth of Byju Ravindran, who was included in the list of young billionaires, is now estimated at zero.
Everyone must have known the names of the rich people of Forbes. But do you know that this time the wealth of how many billionaires has fallen below 0 billion dollars from the Forbes list and their names have disappeared from this list? One of these names is Byju Ravindran, CEO of the troubled edtech company Byju. Byju has suffered a major setback in the last one year. On one hand, the number of billionaires in the country is increasing rapidly, while on the other hand, the net worth of Byju Ravindran, who was included in the list of young billionaires, is now estimated at zero.
Let us tell you, a year ago his net worth was Rs 17545 crore ($2.1 billion). This has been revealed through Forbes Billionaire Index 2024. Byju is not the only name missing from this list, apart from him, the net worth of many people has also fallen below 0 billion dollars, let us give you detailed information about them.
Revealed from Forbes list
Forbes said that compared to last year’s list, this year only 4 people have left it. One of them is Byju Ravindran. After the crisis that continued for the last one year, BlackRock had reduced the valuation of edtech company Byju’s from $22 billion to $1 billion. Due to this, Byju Ravindran, who was the poster boy of Indian startups, has also suffered a major setback and his net worth has been reduced to zero.
Byju’s loss is 1 billion dollars
Byju had recently declared the results of FY 22. In this the company had declared its net loss to be one billion dollars. It has also been included in the list of India’s highest loss making companies. After these financial results, Byju’s market value was reduced to just $ 1 billion. The blame for the company’s poor performance has been placed on Byju Ravindran. Last month, major shareholders voted to remove Byju Ravindran from the post of CEO. However, this matter is stuck in the court.
Their names also disappeared from the list
Apart from Byju, the names of 32 billionaires have disappeared from the Forbes list last year, which include people like former Italian Prime Minister Silvio Berlusconi, former Chilean President Sebastian Pinera and Intel co-founder Gordon Moore. Losing billionaire status Other notable personalities include Osman Kiber of BioSplice Therapeutics, Gary Lauder of Estée Lauder and Luke Tack of Tessenderlo.