India’s richest man lost $300 million a day in the past two months due to coronavirus
Coronavirus has substantially wiped out the personal wealth of India’s rich. Ritesh Agarwal of hospitality group Oyo, for instance, fell out of the global dollar-billionaires club after his company’s valuation reportedly dropped to around $6 billion from $10 billion in the two months ending March 31, 2020, according to data from Shanghai-based Hurun Research. The 26-year-old Oyo founder and CEO was named the world’s second-youngest billionaire (Rs8,362 crore or $1.1 billion) by Hurun earlier this year.
