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Paytm founder Sharma enters Indian billionaire's club

Reliance chairman Mukesh Ambani keeps top spot in Forbes list

Vijay Shekhar Sharma, founder of Paytm, made the India billionaire list for the first time. (Photo by Yuji Kuronuma)

MUMBAI -- Vijay Shekhar Sharma, founder of financial technology startup Paytm, has debuted on the Forbes list of India's top 100 billionaires, riding the country's digital payments drive, which intensified after the demonetization of high-value notes in November.

Sharma's net worth of $1.47 billion ranked him at 99 on the list, surpassing Rana Kapoor, founder of Yes Bank, India's fifth-largest private sector lender. Kapoor is also a new entrant this year, with net worth of $1.46 billion.

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