Shares of India’s most valuable company, Reliance Industries, saw a sharp decline on Tuesday, closing down over 4%. During the day, the stock had fallen as much as 5%, resulting in a nearly ₹1 lakh crore drop in the company’s market capitalization. This led to a significant fall in Mukesh Ambani’s net worth.
According to the Bloomberg Billionaires Index, Ambani’s net worth fell by $4.37 billion (approximately ₹3,93,97,60,39,000), bringing his total wealth to $103 billion. He now ranks 18th in the list of the world’s richest individuals. So far this year, his net worth has declined by $4.21 billion.
Meanwhile, Gautam Adani, chairman of the Adani Group, has dropped out of the global top 20 billionaires list. On Tuesday, his wealth decreased by $313 million, bringing his net worth to $85.4 billion and his rank to 21st. Thomas Peterffy of the USA ($87 billion) has now overtaken him.
At the top of the list remains Elon Musk, despite a $13.4 billion drop on Tuesday, keeping his net worth at $630 billion. Google co-founder Larry Page retains the second spot with $270 billion.
Global Top 10 Billionaires:
- Elon Musk – $630 B
- Larry Page – $270 B
- Jeff Bezos – $262 B (up $7.18 B on Tuesday)
- Sergey Brin – $251 B
- Larry Ellison – $246 B
- Mark Zuckerberg – $233 B
- Bernard Arnault – $207 B
- Steve Ballmer – $167 B
- Jensen Huang – $155 B
- Warren Buffett – $150 B
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