You Must have heard the news that, Anil Ambani was the biggest looser of the year 2008-09. He lost US $ 30 Billion of his fortune in just one year. So How Anil Ambani lost US $ 30 Billion in a year only? Did he make any huge losses in his Businesses? Well, No.. He did not make any losses in his Businesses. In fact, he made lots of profit in his Businesses.
Than How Anil Ambani lost US $ 30 Billion?
Well, This is the "On Paper" Loss in the Valuations in his various Reliance ADA Group Companies' Share prices on the stock exchnge. This $ 30 Billion Loss is On Paper only. In reality, Anil Ambnani did not lost a single rupee. These are just the On Paper Valuation Losses.
Remember, Billionaires' Wealth is On Paper only. The Billion Dollar Valuations are of their stakes (Shares) in their own publicaly listed companies on various stock exchanges. So even though they make this on paper losses, their life style don't get affected because they have control over their companies.
So This is How Anil Ambani lost US $ 30 Billion in a year. He will gain all of these money once the stock market will recover.
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