The bull run in the realty sector saw as many as eight out of 44 new billionaires from the construction sector, four from information technology, four from media and entertainment and three from the engineering sector figuring in the list.
The wealth of 26 new entrants appreciated after their public issues, while the 18 new entrants reported a decline in their market wealth.
Rajoo and Rikiin Bharot of Atlanta, Shantanu Prakash of Educomp Solutions and H S Bedi of Tulip IT Services increased their wealth by over 100 per cent after the listing, while the wealth of Raj Kumar Adlakha of Uttam Sugar, S N Nuwal of Solar Explosives, G P Gupta of Emkay Share and Stock Brokers, I P Tantia of Tantia Constructions and
Mullapudi Lokeshwara of Lokesh Machines declined more than 35 per cent after their public issues.
Ashish Jhunjhunwala of Ramsarup Industries with a wealth of Rs 88.57 crore and Arun Shourie of Bartronics
India with a networth of Rs 94.79 crore increased their networth to Rs 160 crore and Rs 105 crore respectively a few after listing their companies and entered the billionaire club.
