Cyrus Poonawalla biggest gainer among Indian billionaires in 2015 | business | Hindustan Times
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Cyrus Poonawalla biggest gainer among Indian billionaires in 2015

Not all billionaires made money in 2015, though nobody lost as much as Hanjoerg Wyss of Switzerland. Wyss saw 52% of his networth eroded. Hong Kong’s Lui Che Woo, who has stakes in casino operator Galaxy Entertainment, was the second-biggest loser. He lost 46% of his networth.

business Updated: Jan 27, 2016 01:43 IST
Jyotindra Dubey
File photo of Cyrus Poonawalla. (Livemint Photo)
File photo of Cyrus Poonawalla. (Livemint Photo)

Not all billionaires made money in 2015, though nobody lost as much as Hanjoerg Wyss of Switzerland. Wyss saw 52% of his networth eroded. Hong Kong’s Lui Che Woo, who has stakes in casino operator Galaxy Entertainment, was the second-biggest loser. He lost 46% of his networth.

Back home, Pallonji Mistry, promoter of Shapoorji Paloonji Group, lost 12% of his networth. Dilip Shanghvi of Sun Pharma also saw a 6% decline in networth, according to the Bloomberg’s Billionaires Index.

The list of gainers in India is led by Cyrus Poonawalla, promoter and chairman of Serum Institute of India. He added $4.8 billion and almost doubled his networth in 2015, increasing it by 92% to reach $10.1 billion, according to the report.

The other Indians to witness an increase in net worth was Kotak Mahindra Bank’s Uday Kotak, with a $0.5 billion or 7% increase, and Mukesh Ambani of Reliance Industries Ltd (RIL) with a 1.3% of increase in networth.

Lens Technology chairman Zhou Qufei, China’s richest woman entrepreneur, saw the highest growth in net worth among billionaires globally. Her empire grew 247% to $7.7 billion.

Qufei was followed by Hong Kong-based Pan Sutong, the chairman of Goldin Group, an investment conglomerate with interests in real estate, electronics and financial services. His net worth grew 163% to $9.7 billion.

Hui Ka Yan, chairman of Chinese real estate major Evergrande group, secured the third slot with a doubled growth in networth to $9.7 billion.