- The net worth of Falguni Nayar is nearly four times higher than that of
Vijay Shekhar Sharma . Paytm’s Vijay Shekhar Sharma has gone down 1,000 ranks in the Forbes Billionaires list in the last year.Nykaa ’s Falguni Nayar is currently the 573rd richest person in the world with a net worth of $4.8 billion.
While Nykaa was able to double investors’ money on its first day of listing, Paytm has been struggling to even reach its issue price of ₹2150. Nykaa was listed at a price of ₹2,001 compared to the issue price of ₹1,125. The company currently sits at a market capitalisation of ₹70,690 crore ($9.2 billion), which is lower than Nykaa’s listing price but still higher than the issue price of $7.4 billion.
Paytm, on the other hand, is listed at a discount of 9% on the listing day, and has been on a decline ever since. It’s worth noting that Paytm was the highest valued startup — valued at $16 billion — in India till 2021 before Byju’s took over.
Nearly 75% of its valuation has been eroded ever since Paytm made its entry into the public market. It is important to note that Paytm had raised capital at the valuation of $19.9 billion in its initial public offering (IPO), but its current market capitalisation is ₹41,476 crore ($5.4 billion).
With this, Vijay Shekhar Sharma has slipped 1,000 ranks in Forbes Billionaires list. Last year, Sharma was the 1362 richest person in the world with a net worth of $2.3 billion. But currently, he is at the 2387th spot with a net worth of $1.1 Billion.
Nayar, on the other hand, was not named on the list last year. She is currently at the 573rd spot with a net worth of $4.8 billion. With that being said, Falguni Nayar is currently the richest self-made woman in India as per the Forbes’ real-time Billionaires' Index.
Zomato’s founder and CEO Deepinder Goyal is not part of this list.
SEE ALSO: