Financial Crisis hits the Ambani's hard

Ambani's have always been the richest Indians in INDIA[:D] but now they have one more No 1 to their name but this time there is nothing to be happy about it because they have suffered more losses than Steel Tycoon Mittal has suffered

10 richest Indians have collectively lost over 400 billion dollars (Rs 20,00,000 crore) [:O] [:O] [:O], since January this year

Mittal's group lost US$ 68 billion in market cap, Mukesh's group lost US$ 99 billion and Anil's US$ 87 billion.

Withthe share market fully down share prices falling like a ninepin after the Sensex reached pinnacle of 21,206.77 points in January, bears are ruling the roost, making it a dark Diwali for the richie-rich.

According to a list of the world's richest billionaires published by American business magazine Forbes in March, Lakshmi Mittal was ranked as the richest Indian, followed by Mukesh Ambani, Anil Ambani, K P Singh, Shashi and Ravi Ruias, Azim Premji, Sunil Mittal, Kumar Mangalam Birla, Ramesh Chandra and Gautam Adani in the top 10.

The groups led by these 10 have seen an erosion of 50-93 per cent in their market values since January 10, the day when the Sensex scaled its life-time peak and after which the downslide began on Indian bourses.

So if people thought only the common man is getting affected by this crisis think again..The biggies have also not been spared..