New York: Problems at Kingfisher continues to weigh down on Vijay Mallya with his net worth dipping by $50 million in the past one year to $750 million, pulling down his position in India’s 100 richest list by 11 places to 84th.
In Forbes latest list of 100 richest released on Tuesday, Mr Mallya is ranked at 84th position in 2013, a drop from 73rd place in the preceding year. Last year, Mr Mallya had a fortune of $800 million.
Earlier in March this year, Mr Mallya was dropped from Forbes global rich list, while he had moved out of the billionaire league last year itself.
Burdened with huge losses and large debts, Kingfisher Airlines stopped flying in October 2012 and its flying licence also lapsed about two months later.
29/10/13 PTI/The Hindu
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In Forbes latest list of 100 richest released on Tuesday, Mr Mallya is ranked at 84th position in 2013, a drop from 73rd place in the preceding year. Last year, Mr Mallya had a fortune of $800 million.
Earlier in March this year, Mr Mallya was dropped from Forbes global rich list, while he had moved out of the billionaire league last year itself.
Burdened with huge losses and large debts, Kingfisher Airlines stopped flying in October 2012 and its flying licence also lapsed about two months later.
29/10/13 PTI/The Hindu
