The market has been in trouble since last November. The value of the shares of many companies has plummeted. But Nike shares are in a better position compared to paytm, although this problem is inevitable.

Beauty has gained the upper hand in the banking sector. paytm founder vijay shekhar sharma, who specializes in financial services, has been pushed back by Nike founder Falguni Nair, who offers cosmetics. This is in the latest Huron Global Richlist 2022 results. paytm and Nike entered the IPO market in november last year.

Falguni Nair, the creator of Nike, has a fortune of $ 4.9 billion, according to the Huron Global Rich List 2022. She is the 579th highest earner in the world.

Sales started through the Nykaa app. The company has won the hearts of customers like water under the carpet. Nike was a bumper hit in the IPO last year. With this, Falguni Nair became a self-made billionaire in a single day.

As an IIT student, vijay shekhar sharma launched paytm as an online payment platform. Despite the fundraising from the beginning, each brick was able to accumulate. With the cancellation of the 2016 big notes, the paytm decade changed. 

It's all over the place. Several corporations entered the tech industry shortly after that. Paytm's first public offering (IPO) was priced at Rs 2,150 in november of last year. PTM Shekhar Sharma has also become a billionaire, with a market capitalization of Rs 2.35 billion.

Shares of paytm have been declining for the past three months in a row. The share price almost fell by more than 70 per cent. With this, Vijaysekhar Sharma's income has been slashed by Rs 88 crore per day every day for three months. Vijay Shekhar Sharma's market cap fell by Rs 999 million to Rs 630 on Wednesday. 

He eventually lost his billionaire status as well. On Thursday, the share price fell by about 18 per cent to Rs. Trading near 616. The market has been in trouble since last November. The value of the shares of many companies has plummeted. 

But Nike shares are in a better position compared to paytm, although this problem is inevitable. Shares of Nike were at Rs 2,205 at the start of the IPO and are currently trading at Rs 1,522. Overall Falguni Nair's wealth is in a better position compared to PTI despite the cuts.