News Wrap: Falguni Nayar Becomes Billionaire; Rakesh Jhunjhunwala’s Big Aim; Oil Price Rise; Gold Surges Up By Rs.220
March 18, 2022:
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Falguni Nayar, The Founder Of Nykaa Is India’s Newest Billionare!
Nykaa’s CEO Falguni Nayar becomes India’s newest self-made billionaire. The success of the Indian e-commerce company is reflected well in its founder and CEO.
According to Forbes, Falguni Nayar’s net worth is four times the net worth of Vijay Shankar Sharma the founder and CEO of Paytm. Nayar has become the wealthiest self-made woman billionare after Nykaa received its IPO and got listed in the Indian Stock Market. According to Forbes’ real-time billionaire's list, Falguni Nayar currently has a net worth of $4.9 billion and ranks 579 in the global chart.
In a single day, India's Big Bull earns Rs. 861 crore from only two stocks
Rakesh Jhunjhunwala's net worth increased by roughly Rs 861 crore as his two portfolio stocks, Titan Company and Star Health Insurance, performed exceedingly well.
Rakesh Jhunjhunwala owns 4,52,50,970 Titan Company shares, which rose by Rs.118.70. Rakesh Jhunjhunwala's net worth has increased by about 537 crores because of Titan Company. Rakesh Jhunjhunwala owns 10,07,53,935 Star Health shares, which are now trading at 32.20 per share. Rakesh Jhunjhunwala's net worth has increased by about 324 crores as a result of the increase in Star Health's share price. When combined together Big Bull earns Rs. 861 crore from only two stocks.
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