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Wrong calcluation
by Vikas on Jul 01, 2008 04:52 PM   Permalink | Hide replies

Rs 1,500-crore Sobha Developers Ltd:

$ 1 billion = $ 1,000,000,000
= Rs 1,000,000,000 x 42
= 42,000,000,000
= 4200 Crores

With only 1500 crore, how is he a Forbes billionaire ?

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  RE:Wrong calcluation
by Ash on Jul 01, 2008 05:18 PM   Permalink
hey dude, Pls take class from "Panchvi class se thez hain" and then say if you are right when you say 1 Billion is 100 crores.., kahan se pakd ke ahata hain yaar!!!!

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  RE:Wrong calcluation
by rajesh kumar on Jul 01, 2008 05:40 PM   Permalink
arre ghai yeh jo millionaire our billionaire dollar mein hota hai. Rs mein nahi.. he was rite in saying it needs 4200 crores to make a billionaire

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  RE:RE:Wrong calcluation
by rajesh kumar on Jul 01, 2008 05:41 PM   Permalink
Sry "Bhai"

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  RE:Wrong calcluation
by vikram chauhan on Jul 01, 2008 05:11 PM   Permalink
please tell me how much indian rupees / dollars would have been minimum to make him Billionaire.....big boggling calculation , goes over my head....

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  RE:Wrong calcluation
by Krishna Lakshman on Jul 01, 2008 05:25 PM   Permalink
Rs 1500 is the ANNUAL TURNOVER of Sobha Developers in INDIA!!!! It is NOT his personal wealth. He has business in the Middle East as well. He is a Forbes billionaire because he has been accumulating wealth since 1976. Get your facts straight before you blabber something on a public forum.

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  RE:Wrong calcluation
by vishnu vardhan on Jul 06, 2008 05:09 PM   Permalink
well said

these people speak as if they have invented wheel once again



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  RE:Wrong calcluation
by harish raj on Jul 01, 2008 05:53 PM   Permalink
and that too soba developers is a listed company, so his stake must be even smaller.
Any way, see the theme behind this story. And highlight only those errors which are necessary like if his charity work is false. HE is in this case doing a good job which rediff has highlighted, rediff, there are lots of people like PNC.


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  RE:Wrong calcluation
by vikram chauhan on Jul 01, 2008 05:14 PM   Permalink
4200 crore and 1500 crores....a gap of 2700 crores ......dont u smell some scam....? where has the money gone

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  RE:Wrong calcluation
by Rajesh on Jul 01, 2008 05:23 PM   Permalink
Dollar billionaire i.e. approx Rs 4300 crores calculation is probably value of his shareholding in his company as per the market capitalisation of the company stock.

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http://inwww.rediff.com/money/2008/jul/01slid01.htm