India Business News: Byju Raveendran, founder of Byju's, has faced a setback as his net worth has hit zero on Forbes Billionaire Index 2024. Once valued at $22 billion, By
Forbes Billionaire Index 2024 highlights a drastic decline in Byju Raveendran s net worth, plummeting from ₹17,545 crore ($2.1 billion) to zero. This sharp downfall follows crises within his startup, Byju s, once valued at $22 billion. The company s financial woes, including a staggering net loss exceeding $1 billion, led to a significant devaluation, with BlackRock marking its worth at just $1 billion. Shareholders recently voted to remove Raveendran as CEO amidst ongoing challenges.