Paytm is racking up heavy losses – but its founder Vijay Shekhar Sharma is getting richer by the day
10 March 2019 8:00 AM IST
Sharma?s net worth rose to an estimated Rs 18,000 crore in 2018 even as his company posted losses of Rs 3,393 crore.
- Sharma is fortunate since even some of the best-known Indian tycoons, such as Reliance Group chief Anil Ambani, were not spared the turmoil of debt, losses, and wealth erosion during the year.
- He is the 365th richest person on the Forbes 2019 billionaires list, and the 15th richest among the 106 Indian billionaires.
- Balkrishna, too, debuted on the global billionaires list in 2017, along with Sharma, according to Forbes .
- However, the most remarkable, and by now consistent, decline was witnessed in the fortunes of Anil Ambani, younger sibling to the world’s 13th richest person, Mukesh Ambani, who also tops the Indian billionaires list .
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