According to Forbes, the list of the most losers in 2019 includes: In Indias Software King - Azim premji, followed by Amazon founder Jeff Bezos and finally President of Indian Media Group Essel, Subhash Chandra.Photo: ST
This result was achieved after Forbes analyzed the asset value of the 2,200 billionaires in the period from December 28, 2018 to December 13, 2019. Notably, Azim premji was once the third richest billionaire in India with assets of up to 21.5 billion USD. He is often mentioned by the unofficial title of "software king" of India, chairman of Wipro Limited Group. Photo: Elite Readers
However, over the past year, the billionaire's assets have fallen to $14.1 billion. He currently holds just $7.2 billion (as of Forbes' update on December 24. Photo: ST
In second place is Amazon CEO Jeff Bezos. It can be said that 2019 is a turbulent year for the CEO of Amazon. Photo: Business Insider
He divorced his wife MacKenzie and gave her Assets of Amazon worth $35.4 billion. Over the past year, Jeff Bezos's assets have decreased by 13.1 billion USD. Photo: SCMP
Jeff Bezos currently has $111.5 billion. He is still the richest man on the planet. Photo: Business Insider
Subhash Chandra - chairman of Indian media group Essel Group is the third billionaire to lose assets. Over the past year, the billionaire's assets have fallen as much as $3.4 billion. Photo: Deccan Herald
The reason for the decline is believed to be that the stock price of Zee Entertainment Enterprises, one of Essel's media companies, has decreased by 41%. Another Essel Group company, Dish TV, has struggled with its stock price falling 65% over the same period. The billionaire currently holds $2.5 billion. Photo: Forbes
Forbes is an American publishing and media company. Forbes is participating in the world's most prestigious billionaire ranking today. Founded in 1917 by B.C.Forbes, a Scot who had become a leading business commentator for hearst newspaper.
The magazine evaluates billionaires assets based on their stock market value, equity, cash, valuable investments, and deducts their debt. Forbes also consulted a series of experts in different fields to estimate the assets of billionaires.
In 2019, more than half of the world's 50 richest billionaires lived in the US. The three countries with the most representatives in the top 50 are the US, China and Russia. The US tops the list with 21 representatives, followed by China 7 and the Russian 5 billionaires.
