Nykaa founder Falguni Nayar's wealth tops $6.5 bn after firm's listing

She's become India's wealthiest self-made female billionaire, according to Bloomberg Billionaires Index.

Falguni Nayar’s beauty startup has jolted her to the ranks of the world’s richest.
 

Nayar, who owns about half of Nykaa, is now worth about $6.5 billion as shares of the firm surged as much as 89% when they started trading Wednesday. She’s become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index. 

FSN E-Commerce Ventures, Nykaa’s parent entity, is India’s first woman-led unicorn to hit the stock exchange. It priced its initial public offering at the top end of a marketed range, raising 53.5 billion rupees ($722 million). The stock was up 78% as of 10:36 a.m.