Agro Haryana

Forbes Index: These businessmen came 'from high to low'...Byju Ravindran's net worth went from Rs 17,545 crore to zero, many names included in the list

 Byju Raveendran Networth: Today we are telling you about a person whose net worth has reduced from Rs 17,545 crore to zero. Along with Byju Raveendran, names of many people are included in this list.
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 Forbes Index: These businessmen came 'from high to low'...Byju Ravindran's net worth went from Rs 17,545 crore to zero, many names included in the list

 Agro Haryana, New Delhi Forbes Billionaire Index 2024: We have seen many people joining the list of billionaires, but today we are telling you about a person whose net worth has reduced from Rs 17,545 crore to zero.

Yes... Ravindran of Byju's Crisis, an edtech company that has been struggling for a long time, was included in the list of the rich till a year ago. 

According to Forbes Billionaire Index 2024, there has been a big decline in the net worth of Byju Raveendran due to cash crunch in Byju's .

The net worth of Byju Raveendran, founder of Indian edtech giant Byju's, has dropped from Rs 17,545 crore ($2.1 billion) to Rs 0. According to information received from Forbes, 4 people have been left out from last year's list. 

The company was started in 2011 

Byju's company was started in the year 2011. At that time the company had grown very rapidly. The company had claimed a record valuation of $22 billion in the year 2022. 

The company's innovative learning app had revolutionized the educational sector. It had inspired students from primary school to MBA. However, the situation of the company has not been going well for some time now. The company has suffered huge losses due to recent financial disclosures and increasing controversies. 

Who else came from the throne to the floor?

Let us tell you that Ravindran Byju is not the first person who has been out of the billionaire list, but even before this many people have been out of this list.

Earlier, the wealth of China's Wang Wenyin had also fallen from $800 million to $19 billion. Apart from this, the net worth of Rene Benko of Austria also came down from 6 billion dollars to zero. 

The net worth of China's Hui Ka Yan also slipped from $700 million to $3 billion. The wealth of US's Osman Kibar also slipped from $750 million to $1.7 billion. America's Gary Lauder's net worth also slipped from $960 million to $1.3 billion. 

company laying off

Recently, news has been received that the crisis-hit Byju has started layoffs again. According to a report of Moneycontrol, Byju is informing the employees about their termination over phone. 

This time the company is firing employees on a phone call. This time neither the employees are being given notice period nor are they getting any alert. They are being evicted by calling them directly. 

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