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Yes Bank Co-Founder's wealth falls from $1.4 bn to $377 mn in a year
short by Krishna Veera Vanamali / on Thursday, 18 July, 2019
Yes Bank Co-Founder and ex-CEO Rana Kapoor has become $1 billion poorer since August 2018 following a 78% drop in the lender's shares. His net worth has fallen to $377 million from $1.4 billion, according to Bloomberg. The 61-year-old, who owns just over 10% of Yes Bank, had pledged to never sell his shares because they were like diamonds.
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