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18 Oct 2008

Stock market spares none in a crash

1. If you have been weeping on the split milk due to the stock market crash than one need not worry as a number of out top notch entrepreneurs are already reeling under the pressure.

2. If we have a look at the creme of the nation than one will find that Anil Ambani’s has lost $32.2 billion in this crash and his wealth has fallen from worth $45.1 billion in January this year to $12.9 billion.

3. If we consider Mukesh Ambani he has lost a sum total of 54% of his money in the market.

4. Unitech’s Ramesh Chandra has lost 85% of his total value.

5. Gurgaon poster boy DLF’s chief K. P Singh has now only $ 9 billion against $35 in January 2008 i.e. an erosion of $26 billion.

6. Last but not least Bharti Airtel’s Sunil Mittal has lost 31% of his money.

7. However they are not afraid as market always reward long term investors and they will recoup their losses as well as make money by expanding their empire as Indian growth story is buyoant though may take 12-16 months to start galloping.

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