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.
These 189 People Fell Off Forbes Billionaires List In 2024
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China s Consumer Startups Fight for Survival as Demand Falters
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The Gauteng MEC for Transport and Logistics, Kedibone Diale-Tlabela, has announced the commencement of the recruitment process to appoint a new Gautrain Management Agency (GMA) CEO when the current CEO s term ends.