Industrialist Anil Ambani continues to be on the focus of US magazine Forbes but this time around for topping the list of ‘Billionaire Blowups of 2008′ by virtue of turning the biggest loser of wealth in less than a year of being touted as the biggest gainer in the world.
"The biggest loser of all was Anil Ambani. Touted on the cover of our 2008 billionaires issue for having added 24 billion dollars to his fortune in one year, Ambani has dropped $30 billion since then," the report said.
The report further added that three of "his fellow countrymen — estranged brother Mukesh, steel tycoon Lakshmi Mittal and Indian K P Singh, all of whom ranked earlier among the world's 10 richest — lost more than $20 billion apiece."
Noting that 2008 was "a dreadful year for the world's wealthiest as markets and currencies around the world tumbled," Forbes said that over 300 of the 1,125 billionaires have lost at least $1 billion since March.
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