Nirav Modi loses billionaire title, wealth falls 94%
Nirav Modi, who is an accused in the $2-billion PNB fraud, is no longer a billionaire, according to Forbes. Nirav's wealth fell 94% to less than $100 million in 2018, compared to $1.7 billion in Forbes 2017 billionaires' list. Papa John's Pizza Founder John Schnatter and Saudi Prince Alwaleed Bin Talal also fell from their billionaire ranks.