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    • Join Date: Jan 2007
    • Posts: 1,740
    #1

    The losses, albeit notional, got just bigger with the market slide

    The 10 richest business families of the country have seen their wealth erode between 15 per cent and 76 per cent since the stock market began sliding at the start of the year amid a global meltdown. The losses, albeit notional, got just bigger with the market slide that followed the latest financial turmoil in the United States.
    Mukesh Ambani's family, promoter of Reliance Industries Ltd, has seen its net worth slip 32 per cent, but it still remains on the top the country's richie-rich list. The net worth of estranged brother Anil Ambani and his family has also shrunk 38 per cent, but there is no change in his rank.



    Please explain the emboldened parts to me.


    • Join Date: Oct 2006
    • Posts: 19,434
    #2

    Re: The losses, albeit notional, got just bigger with the market slide

    The losses made are relatively small losses, but they have been increased by the way in which the international exchanges are going down.

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