Who is no longer a billionaire according to the Forbes list?

April 04. 2024

According to the latest Forbes Billionaire Index, the wealth of Byju's founder Byju Raveendran has vanished. 

ACCORDING TO FORBES BILLIONAIRE INDEX, RAVEENDRAN'S NET WORTH A YEAR AGO WAS ₹17,545 CRORE ($2.1 BILLION)

Biju was created in 2011. Grow very fast. Achieved a valuation of Rs 22 crore in 2022. Due to quick success, the company started in America but that did not happen.

However, recent financial disclosures and controversies led to increased losses for the company. So the company's shareholders—including Prosus NV and Peak XV Partners—voted last month to remove Byju Raveendran as CEO.